Summary - JAMES HOUSE FLAT 7 CHURCH LANE RYDE PO33 2LX
1 bed 1 bath Not Specified
Compact period flat with strong rental income potential near Ryde seafront.
Top-floor one-bedroom flat in Grade II listed building
Estimated rent c. £650pcm; projected gross yield >15% PAX
Sold at online auction; six weeks’ completion, cash buyers only
Leasehold with ~62 years remaining — lenders may refuse mortgages
Listed status restricts alterations and may complicate works
Small overall size (421 sq ft); compact accommodation layout
Electric storage heating; likely no wall insulation, higher energy costs
High local crime and area deprivation may affect tenant profile
Located on the top floor of a landmark Grade II listed building in central Ryde, this compact one-bedroom flat is offered for sale by online auction with a six-week completion. The apartment is presented in good internal order, with high ceilings and period windows that add character and rental appeal. Estimated market rent of around £650 pcm suggests a strong gross yield exceeding 15% (PAX), making it clearly aimed at cash investors seeking immediate income.
Important transaction and legal points affect buyer suitability: the flat is leasehold with approximately 62 years remaining, will be sold at auction to cash buyers only, and its listed status may restrict alterations and deter mortgage lenders. The property sits in a mixed urban environment with high local crime and wider area deprivation, factors that could influence tenant demand and management costs.
Internally the flat benefits from fast broadband, excellent mobile signal and proximity to the town centre, transport links and seafront—features that support steady rental demand. Heating is via electric storage heaters and the building’s pre-1900 sandstone construction likely lacks wall insulation, so energy running costs may be higher than modern homes. Prospective buyers should factor in limited lease length, listed-building restrictions and local area indicators when assessing long-term value or refurbishment plans.
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