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St. Michaels Avenue, Ryde, Isle of Wight, PO33 - Image 1
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St. Michaels Avenue, Ryde, Isle of Wight, PO33

South East

£190,000
Listed on 12/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
743 sqft

Description

This semi-detached family home features three bedrooms and presents a compelling opportunity for those interested in renovation or investment. Nestled in the sought-after Haylands area of Ryde, the property boasts a location that offers proximity to local schools, shops, and beautiful beaches, making it ideal for families and those seeking a vibrant community. Inside, the layout includes a spacious reception room that welcomes natural light and provides flexibility for various living arrangements. The kitchen and dining area, while functional, require modernization—allowing new owners to customize the space according to their taste. A utility area adds convenience on the ground floor alongside a bathroom. Upstairs, you will find two generous double bedrooms and an additional single bedroom, perfect for accommodating children or guests. The large south-facing garden is another highlight of this property. With ample sunlight throughout the day, it serves as a blank canvas for gardening enthusiasts or anyone looking to create an inviting outdoor space. This home has been well maintained over the years with notable upgrades such as a two-year-old boiler still under warranty for eight more years. Other features include double glazing and gas central heating throughout, ensuring comfort year-round. Accessibility is also a strong point; regular bus services are nearby, and ferry connections to the mainland are just a short five-minute drive away. As a leasehold property with 999 years remaining on the lease and no associated ground rent or fees, this home presents not only a place to live but also potential for future value growth through thoughtful renovations or upgrades. It is classified under Council Tax Band B, adding to its appeal as an investment opportunity.

Investment Analysis

(PO33 area)

Below Market Value

This property is priced -9.8% below area average per sq ft

-9.8%
Potential saving
This Property
£256/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£203
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£231,623
10% above area average per sq ft
Potential ROI
+2.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PO33)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -1.7%
5 year growth: 14.6%
Investment Disclaimer: Analysis based on PO33 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

St. Michaels Avenue, Ryde, Isle of Wight, PO33
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£696
Based on a loan of £142,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE