Summary - 42 Castle Street, Ryde, Isle Of Wight, PO33 2EP PO33 2EP
4 bed 4 bath Block of Apartments
**Standout Features:**
- Block of 4 self-contained apartments, with one recently renovated.
- Prime location in Ryde, just minutes from the beach and town center.
- Established as a holiday let business, offering immediate rental income.
- Total size of 1,335 square feet with a mix of medium-sized living and kitchen areas.
- Proximity to schools, local amenities, and transport links.
**Potential Downsides:**
- The property is leasehold; buyers should review legal and cost implications.
- Neighborhood has a high crime rate and is noted as very deprived.
- Outdoor space requires maintenance and may not be family-friendly.
- Average mobile and broadband connectivity might be a concern for some buyers.
Discover a remarkable investment opportunity in this unbroken block of four apartments, ideally situated in the vibrant seaside town of Ryde on the Isle of Wight. Each apartment boasts an open-plan living area, separate kitchen, and bathroom, catering perfectly to the holiday rental market or long-term tenants seeking a comfortable, well-presented home. With a guide price of £300,000, this property offers both value and potential.
Although the area is classified as having a high crime rate and is economically constrained, the benefits of a bustling coastal lifestyle and access to transportation links make it an appealing choice for savvy investors or first-time buyers. The property’s current state provides substantial opportunities for renovation or uplift, allowing you to imprint your personal style while enhancing future rental or resale value.
Bidding opens on August 28th, 2025—don’t miss your chance to seize this unique opportunity in a coveted location. Register today for viewing and legal pack information, and explore the future possibilities waiting within these four apartments.
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