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Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA - Image 1
Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA - Image 2
Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA - Image 3
Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA - Image 4
Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA - Image 5
Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA - Image 6
Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA - Image 7

Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA

South East

£85,000
Listed on 26/03/2026

Property Details

Bedrooms
1
Type
Apartment

Description

This property presents a promising opportunity for those looking to invest in a one-bedroom lower ground floor flat, currently unoccupied and in need of significant updating. With its dated interiors, the flat offers ample potential for renovation, allowing buyers to customize the space according to their vision. Located in Binstead, the flat is conveniently positioned near main bus routes that provide easy access to surrounding towns, enhancing its appeal for potential renters or future owners. The accommodation includes a hallway, lounge, kitchen, bedroom, and bathroom/W.C., all set within communal grounds. As a leasehold property with an EPC rating of C, this flat could be transformed into a comfortable living space with the right improvements. Interested parties should explore this opportunity carefully and consider the refurbishment required to realize its full potential.

Investment Analysis

(PO33 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£197
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PO33)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -3.9%
5 year growth: +8.8%
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

Flat 2 Wellwood House, Wellwood Glade, Ryde, Isle Of Wight, PO33 4HA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£307
Based on a loan of £63,750 over 30 years at 4.06% 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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