Ready-to-move lower-ground flat with private courtyard near Ryde seafront.
- Recently redecorated with new carpets and upgrades throughout
- Private patio and walled courtyard garden with separate brick store
- Long lease: 995 years (no short-lease concerns)
- Sold by modern auction; non-refundable reservation fee applies
- Buyers pay additional auction fees and £300 buyer pack cost
- Ground rent £756 pa — comparatively high ongoing cost
- Compact kitchen and narrow second bedroom; limited space
- Original sandstone/limestone walls assumed uninsulated
Set within a Georgian building a short walk from Ryde’s sandy beaches, this lower-ground maisonette has been recently redecorated with new carpets and upgrades throughout. It offers a private patio and walled courtyard garden with a separate brick store, plus surprisingly spacious principal rooms for the overall property size. The long lease (995 years) removes common leasehold time worries and the property is ready to move into.
This home is being sold by modern auction; buyers should note a non-refundable reservation fee (4.2% of the purchase price, minimum £6,000) plus other buyer fees and a £300 cost towards the buyer information pack. The sale is subject to an undisclosed reserve price and a 56-day completion window once contracts are issued, so allow time for mortgage arrangements and solicitor checks.
Practical points for consideration: the ground rent is substantial at £756 (expensive) and the building’s original sandstone/limestone walls are assumed to have no insulation. The second bedroom and kitchen are compact, better suited as a single room or home office. Council tax is very cheap and the area has fast broadband and excellent mobile signal, which will suit commuters or remote workers.
This property will suit first-time buyers, small families or downsizers seeking a low-maintenance, ready-to-move-into home near seafront amenities. Because it’s auctioned, undertake full due diligence on the buyer information pack and commission surveys before bidding.