Summary - RICHMOND HOUSE, 4 - 5 FLAT 2 THE STRAND RYDE PO33 1JD
1 bed 1 bath Flat
Compact holiday base moments from transport, beaches and local eateries.
Allocated off‑street parking and communal garden
Direct rear access onto Ryde Esplanade (seafront)
Newly refurbished interior with modern kitchen and living space
Leasehold with long lease remaining (894 years)
Sold by modern auction — reservation fee and buyer’s fees apply
Heating: electric room heaters; solid brick walls, limited insulation
Medium flood risk; lower‑ground floor position to consider
Service charge ~£1,200 pa; ground rent £5, council tax very cheap
This newly refurbished lower-ground flat offers direct rear access onto Ryde Esplanade and allocated off-street parking — a rare combination for a small one‑bed seafront property. The living room and modern kitchen feel bright and contemporary, with communal garden space and easy access to local restaurants, pubs and fast transport links to the mainland.
Sold by modern auction, the purchase process requires a non-refundable reservation fee and strict completion timescales. The property is leasehold (long lease remaining), with an average service charge of £1,200 pa and a nominal ground rent of £5. Buyers should review the buyer information pack and allow for buyer’s fees and auction terms when budgeting.
Practical considerations: heating is by electric room heaters and the building is of solid brick construction with limited insulation. The location has a medium flooding risk and the wider area scores as deprived with constrained rental demand, which may affect long‑term resale or rental yields. Council tax is very cheap and broadband speeds are fast, which supports holiday‑let or commuter use.
This flat will suit someone seeking a ready‑to‑move holiday base or an investor looking for a compact seafront asset near transport links. Carrying out your own due diligence and condition survey is essential before bidding due to auction conditions and the property’s ground‑floor position.
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