Summary - Ground Floor Flat, 26 St. Johns Road PO33 2RN
1 bed 1 bath Apartment
Vacant one-bedroom with strong rental upside and quick auction completion.
Vacant basement flat of approximately 575 sq ft (53 sq m)
Requires full refurbishment throughout, high renovation potential
Close to Ryde town centre, train station and nearby seafront
Potential gross rental yield around 12% (subject to works and lettings)
Leasehold with c.103 years remaining; sold at online auction
Service charge £840 pa; ground rent £200 pa
Basement location — limited natural light and lower-level accommodation
Wider area classified as very deprived; constrained renter market
A well-sized one-bedroom basement flat of approximately 575 sq ft, offered vacant and requiring full refurbishment. Located within walking distance of Ryde town centre, the train station and the seafront, the property is well placed for rental demand and capital appreciation in a busy coastal market. Fast broadband and excellent mobile signal support lettings and modern living needs.
The flat sits in a Victorian terrace with period character externally and a contemporary interior shell. It benefits from mains gas central heating, double glazing (install date unknown) and a 103-year lease, making it straightforward for buyers to plan medium-term investment or owner-occupation after works. Service charge and ground rent are modest at £840 and £200 respectively.
Key selling points are the vacant possession, refurbishment upside and strong rental prospects — a potential gross yield in the region of 12% has been indicated. Important negatives to note: the property is a basement flat so natural light may be limited, it needs renovation throughout, and the wider area is classified as very deprived with constrained local renters. The property will be sold at online auction with six weeks’ completion required, so purchasers must be prepared to transact quickly.
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