Summary - 53a Horsebridge Hill PO30 5TJ
1 bed 1 bath Maisonette
Ready-income one-bed near hospital and college, low-running costs for landlords.
Ground-floor one-bedroom maisonette, newly renovated
Tenant-in-situ delivering over 7.3% reported yield
116 years remaining on lease (leasehold)
Two years NHBC cover remaining (short-term only)
Gas central heating and double glazing throughout
Off-street residents' parking to rear
Located near hospital, college and main bus route
Area is deprived with high local crime — impacts tenant profile
A compact, ground-floor one-bedroom maisonette offering immediate rental income and strong yield. The property is newly renovated, with gas central heating, double glazing and modern open-plan living — ready for the rental market with a tenant-in-situ delivering a reported yield of over 7.3%.
Situated close to the hospital, Isle of Wight College and main bus routes, this address suits investors seeking low-management city-centre lets. Off-street residents’ parking to the rear and fast broadband are practical benefits for tenants, while the remaining 116 years on the lease and two years of NHBC cover reduce short-term title and build-concern risk.
Be clear about the local context: the area is classified as deprived with high local crime statistics and an ageing population profile. Several nearby schools are rated 'requires improvement' which may affect family demand; the strongest tenant pool is likely to be professionals and students working nearby.
This is a straightforward buy-to-let acquisition: minimal immediate refurbishment needed, low council tax and modern fixtures help control running costs. The presence of an existing tenant means visible income from day one, but purchasers should factor in leasehold responsibilities and check tenancy terms before exchange.
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