Summary - JAMES HOUSE FLAT 8 CHURCH LANE RYDE PO33 2LX
2 bed 1 bath Apartment
Compact third-floor flat with renovation upside in a central seaside location for buy-to-let buyers.
- Two-bedroom third-floor flat with distant sea views
- Grade II listed building; alters permitted works and costs
- Requires renovation; solid brick walls, limited insulation
- EPC rating E; electric storage heating throughout
- Leasehold with c.88 years remaining; ground rent £1
- Service charge c.£2,500pa; factor into running costs
- Central town location with strong rental demand potential
- Local area records higher crime; consider security measures
A compact two-bedroom third-floor flat in a Grade II listed corner building, positioned in Ryde town centre with distant sea views. The flat offers a straightforward layout: a reception room with adjoining kitchen, one double and one single bedroom, and a separate bathroom. Its central location and proximity to transport, shops and the seafront give reliable rental demand.
This property is offered to investors only and comes with clear refurbishment scope. The flat currently requires renovation, has an EPC rating of E and uses electric storage heating; internal improvements and insulation work (solid brick walls) would materially improve comfort and running costs. The building’s listed status will restrict some works and may add cost and lead time.
Practical ownership facts: the tenure is leasehold with c.88 years remaining, an average service charge of around £2,500 per year, and a nominal ground rent. The council tax band is low and there is no flood risk. Note the location records higher local crime levels; factor any security or management measures into operating costs.
This is a value-led, hands-on investment: buy-to-let potential in a sought-after seafront town, but budget for renovation, listed-building constraints, and above-average service charges. For an investor prepared to manage works and the leasehold position, the flat offers short-term rental appeal and scope to increase yield after improvement.
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