Summary - JAMES HOUSE FLAT 7 CHURCH LANE RYDE PO33 2LX
1 bed 1 bath Not Specified
Compact buy-to-let with strong rental yield near seafront and transport links.
Top-floor one-bedroom flat in Grade II listed Georgian building
Estimated rent ~£650 pcm; projected gross yield over 15% PAX
Vacant leasehold — cash buyers only; auction sale, six-week completion
Lease ~62 years remaining — lenders may refuse mortgages
Listed status — restrictions and potentially higher repair costs
Small overall size (~422 sq ft) — compact accommodation
Electric storage heating; walls likely uninsulated — running costs
Town-centre location close to station, seafront and amenities
Set within a Grade II listed Georgian building in central Ryde, this top-floor one-bedroom flat is presented as an investment opportunity with immediate rental potential. The property is vacant and reportedly in good internal order, with an estimated market rent around £650 pcm, producing a strong projected gross yield in excess of 15% PAX for cash buyers.
Practical considerations are significant: the lease has approximately 62 years remaining, which will restrict mortgage availability and could deter some purchasers. The listed status also brings repair and alteration constraints and may increase ongoing maintenance costs. The property will be sold at online auction with a six-week completion and is therefore best suited to cash buyers or experienced investors able to move quickly.
Internally the flat is compact (circa 422 sq ft) and heated by electric storage heaters; the building’s sandstone walls are assumed to lack insulation. These factors mean running costs and future upgrade requirements should be factored into any refurbishment plan. Its town-centre location, excellent mobile signal, fast broadband and proximity to transport links and the seafront underpin its rental appeal.
This is a clear buy-to-let or short-term investor proposition: buy with cash, accept the listed-building restrictions and lease length, then let to benefit from strong local rental demand. For buyers seeking a long-term owner-occupier home or reliant on mortgage finance, this lot carries material obstacles.
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