116 Avenue Road, Sandown, Isle Of Wight

Description

The plaque on the front of this historic cottage shows a build date of 1631 when King Charles I was on the throne. The immediate surrounding area has since seen many changes and has been developed over the years to a mixture of residential and commercial properties. The property comprises three bedroom accommodation across two storey's with an enclosed front and rear garden, with a garage and driveway to the side. The property has been in use as an investment property for many years and is being offered subject to the assured tenant who inherited the tenancy from their parents. It is considered ideal for addition to an income-producing portfolio.

Accommodation

Ground Floor: Living room, dining room, kitchen, breakfast room, conservatory, utility area. First Floor: Landing, three bedrooms, bathroom with W.C, additional separate W.C. Outside: Enclosed front and rear garden, garage, driveway for multiple cars.

Location

Situated on Avenue Road, on the outskirts of Sandown, the location offers good access to the local road network with Sandown's sandy beaches a short distance away.

Tenure / Property Information

Investment Analysis

The only supplied sold comparables are the same-street detached freehold property sold in 2001 and 2002, so they do not provide reliable evidence of current market value. The £1,625 pcm rental listing is an advertised asking rent and is not evidenced as comparable to this occupied property. Current passing rent is stated at £850 pcm from 1 November 2026. A current GDV cannot therefore be supported.

Investment Snapshot

Strategy Recommendation

Consider only as an income-producing buy-to-let if the assured tenancy, rent increase, property condition and all auction-related costs are verified. Do not underwrite a BRRR or flip strategy on the supplied evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. A purchaser should undertake appropriate legal, property and condition due diligence; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because there is no current GDV, refurbishment budget or supported refinance valuation. The occupied assured tenancy may also affect access, management and any future possession strategy. Refinance proceeds and cash left in are therefore unsupported.

Buy-to-Let Analysis

At the £100,000 guide price, the stated rent of £850 pcm produces annual rent of £10,200 and a gross yield of 10.2% before purchase costs, finance, management, maintenance, voids and taxation. The property is occupied by an assured tenant, providing stated income, but the inherited tenancy and rent-review position require legal and tenancy due diligence. The yield on true total cost cannot be established because buyer charges and other non-optional costs are unspecified.

Flip Analysis

A flip analysis is not supported. No current resale evidence, refurbishment requirement, project cost or selling-cost allowance is supplied, and the property is occupied by an assured tenant.

Investor Risks & Due Diligence

• The property is sold subject to an assured tenant whose tenancy was inherited from their parents.

• The stated £850 pcm rent is effective from 1 November 2026 and should be verified against the tenancy and rent increase notice.

• Buyer administration charges and other non-optional costs may be payable but are not quantified.

• Current market value cannot be supported by the supplied 2001 and 2002 sales evidence.

• No condition survey or refurbishment budget is supplied.

• The £1,625 pcm rental evidence is only an advertised asking rent and has not been shown to be comparable.

• Stamp Duty, Land Registry fees and VAT may be payable in addition to the bid price.

Recommendation

Consider only as an income-producing buy-to-let if the assured tenancy, rent increase, property condition and all auction-related costs are verified. Do not underwrite a BRRR or flip strategy on the supplied evidence.

Strategy Rating

Analysis Confidence

The passing rent, guide price, tenure, occupancy and accommodation are supplied, but current comparable sales, condition information, refurbishment costs, buyer fees and a current valuation are absent.