.png)
West Flat, Silver Mist, Victoria Street, Ventnor, Isle Of Wight, PO38 1ES
Marketed by:
Clive Emson
London Road, Maidstone, Kent, England, ME16 8PY
0345 8500333
Leasehold Flat For Investment
West Flat, Silver Mist, Victoria Street, Ventnor, Isle Of Wight, PO38 1ES
Unsold
£70,000
West Flat is a first floor one-bedroom leasehold flat situated within the attractive building, Silver Mist, a converted property that sits on an elevated position with views across Ventnor and the English Channel.
The flat is currently let to tenants who have been in occupation of the property for over 20 years and the rent has not increased in some time, however, it is considered very worthy of addition to an income producing letting portfolio. The flat is also sold with a parking space to the front of the building and an allocated area of garden within the communal grounds.
Accommodation
Entrance Hall, bathroom, separate W.C, kitchen, living room, bedroom.
Outside
Parking space and garden.
Tenure
Remainder of a 125-year lease from 30th April 1973 at a current ground rental of £10 per annum.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £500 per calendar month. From 1st May 2026 the tenancy will become a rolling tenancy and referred to as an Assured Periodic Tenancy.
EPC Rating
To be confirmed.
Council Tax Band A
Auction Details :
Clive Emson
Auction Date :
05/05/26
Lot Number :
101
Property Location:
West Flat, Silver Mist, Victoria Street, Ventnor, Isle Of Wight, PO38 1ES
View our Property Calculators:
-
BRRR Calculator - Estimate your potential returns after refurbishment and refinancing.
-
Buy to Let Calculator - Calculate rental yield, cash flow and potential return.
-
Property Development Calculator - Assess development costs, GDV and potential profit.
-
Build Cost Calculator - Estimate refurbishment, extension and construction costs.
-
Bridging Finance Calculator - Estimate borrowing costs and potential finance requirements.
Building Suppliers in your area
Tradespersons in your area
Professionals in your area
More Auction Properties from:
Clive Emson
Image | Property Title | Price | Postcode | Location | Auction Date | Status |
|---|---|---|---|---|---|---|
FREEHOLD GROUND RENTS | £18,000 | RM10 | Essex | 12/06/2025 | Sold | |
PERIOD DETACHED COTTAGE WITH GARAGE | £290,000 | RH6 | Surrey | 12/06/2025 | Sold | |
FREEHOLD FORMER SHOP WITH LIVING ACCOMMODATION | £85,000 | PO33 | Isle of Wight | 12/06/2025 | Sold | |
SEMI-DETACHED HOUSE FOR INVESTMENT | £250,000 | TN23 | Kent | 12/06/2025 | Sold | |
FREEHOLD PARCEL OF LAND | £500 | TW10 | Surrey | 12/06/2025 | Sold | |
TERRACED HOUSE FOR REFURBISHMENT | £192,000 | ME7 | Kent | 12/06/2025 | Sold | |
SEMI-DETACHED HOUSE FOR IMPROVEMENT | £100,000 | PL26 | Cornwall | 12/06/2025 | Sold | |
HOUSE IN NEED OF IMPROVEMENT | £142,000 | ME15 | Kent | 12/06/2025 | Sold | |
FREEHOLD CAR WORKSHOP AND GARAGE | £480,000 | DA1 | Kent | 12/06/2025 | Sold | |
BLOCK OF GARAGES INCLUDING LARGE WORKSHOP | £82,500+ | TR18 | Cornwall | 12/06/2025 | Sold | |
TWENTY-THREE PARCELS OF LAND | £15,100 | TR7 | Cornwall | 12/06/2025 | Sold | |
DETACHED COTTAGE IN MID-ESSEX VILLAGE | £280,000 | CM3 | Essex | 12/06/2025 | Sold |