First Floor Flat, 16b, Pier Street, VENTNOR, Isle of Wight, PO38 1ST

Description

Leasehold first floor flat Grade II Listed Location: The property is located on Pier Street. Local amenities can be found throughout the Seaside resort of Ventnor with a further range of shops, bars and restaurants available within Newport Town Centre lying to the north. Public transport links are provided by a local range of bus services serving the surrounding areas. The property is served by road links including the A3055 and the B3327 located to the north. Recreational pursuits can be found at Ventnor Park lying to the west and along the sea front. Accommodation: Two bedrooms, reception room, kitchen, bathroom/wc EPC Rating: D Council Tax Band: B Lease: Held on a lease for a term of 999 years from 25/12/2010 at ground rent of £TBC per annum. To view: 27/8, 4/9 at 11am No booking required – Please arrive at the time stated

Location

The property is located on Pier Street. Local amenities can be found throughout the Seaside resort of Ventnor with a further range of shops, bars and restaurants available within Newport Town Centre lying to the north. Public transport links are provided by a local range of bus services serving the surrounding areas. The property is served by road links including the A3055 and the B3327 located to the north. Recreational pursuits can be found at Ventnor Park lying to the west and along the sea front. Accommodation: Two bedrooms, reception room, kitchen, bathroom/wc

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆