3 bed flat for sale

The Strand, Ryde PO33

Stunning 3-Bedroom Sea View Flat – Ideal Holiday Home or Investment Opportunity

Offered to the market chain free, you could be waking up to breathtaking sea views in this beautifully presented 3-bedroom flat, perfectly positioned to enjoy coastal living at its finest. Whether you're looking for a tranquil holiday retreat or a high-yield investment property, this flat ticks all the boxes.

The property also benefits from a shared lockup for storage in the old cellar in the basement, and access to a big, well maintained garden.

This property is ready to move into or start earning immediately. Its coastal charm, combined with low-maintenance upkeep and high demand from holidaymakers, makes it a standout opportunity in today’s market.

Currently operating on Airbnb at 5/5 and Booking com at 9.5/10 with a monthly turnover of over £2100 p/m, with transferable bookings until September. Long term rental AST potential of around £1050 as a single flat or £1300 as three individual rooms with no mandatory HMO license required after discussions with the local council.

Lease Information

Share of Freehold (1/10 share of management company): Lease, 999 years from 2002 (977 years remaining)

Ground rent & service charge: £2300 per annum (includes buildings insurance with flood cover)

Property Ownership Information

Tenure

Leasehold

Council Tax Band

B

Annual Ground Rent

£6.50

Ground Rent Review Period

No review period

Annual Service Charge

No service charge

Service Charge Review Period

No review period

Lease End Date

01/01/2970

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.