1 bedroom top floor flat in Shanklin

Spring Gardens, Shanklin, Isle of Wight

Price£65,000

  • 1x Bedrooms
  • 1x Reception rooms
  • 1x bathrooms

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Description

Key features

  • First floor 1 bedroom apartment
  • Centrally located close to town
  • Double-glazing, gas central heating
  • Ideal Buy to Let investment
  • Walking distance to beach and shops
  • En-suite bathroom
  • EPC energy rating D (64)

What the owner says

This flat has always been a popular choice with tenants and we have never had a problem finding someone to live here.

The current tenant would be happy to stay if anyone were to want a ready-made buy-to-let and we are currently receiving £425 per month.

This is a gross yield of 7.8% a year – far more than you would get in an ISA or savings account.

The only reason we are selling is due to my fathers health deteriorating so it is the right time to let somebody else take over the property.


Property details

This compact first floor apartment is conveniently located in the heart of Shanklin and is perfectly placed for easy access to the shops, restaurants and amenities of Shanklin High Street.

Why not take a stroll down to the Old Village and world famous Chine and enjoy a creamed tea in one of the many cafés and tea rooms.

If you are looking for an investment, this flat has a proven track record and could even come with a ready-made tenant if necessary.

As you step inside this cosy flat the main bedroom is a comfortable size and has the shower and toilet located within the room.

The lounge is separate to the kitchen and has plenty of space to relax and unwind after a hard day at work or down the beach.

With double-glazing and gas central heating this flat will be warm and toasty even in the winter months.

All in all, this is a great flat that would make an ideal addition to an existing letting portfolio or a perfect lock up and leave holiday home.

N.B. Due to a lack of Building Regulation Approval for the original conversion of this building into flats it is not considered suitable for mortgage lending so only offers from cash buyers will be accepted.

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Floor plans

Floor plan

First Floor

First Floor Room Dimensions

Hallway
Lounge 13'9 x 11'5 (4.19m x 3.48m)
Kitchen 8'0 x 5'10 (2.44m x 1.78m)
Bedroom 11'11 x 11'5 (3.63m x 3.48m)
Map & Area

Map & area

Please note, the map markers may only show the centre of a postcode and not the actual address.

Brochure

Brochure

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Shanklin Branch

57 Regent Street, Shanklin, Isle Of Wight, PO37 7AE

01983 868777


Investment opportunity

9.05% yield

Estimated yield

£490 pcm

Estimated rental income

Our property investment expert

Talk to our lettings expert Antony to discuss this investment opportunity.

Ask Antony

Property to sell?

Book a free property valuation with Christopher Smith from our local Shanklin branch.

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