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Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 1
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 2
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 3
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 4
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 5
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 6
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 7
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 8
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 9
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 10
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 11
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 12
Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33 - Image 13

Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33

South East

£100,000
Listed on 14/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
609 sqft

Description

This 2-bedroom ground floor flat, located centrally in Ryde, presents a noteworthy opportunity for investors or homebuyers seeking to add value through renovation. Just a short stroll from local shops and amenities, the property boasts attractive sea views and includes an allocated parking space. Inside, the apartment features a spacious lounge and kitchen that offer potential for modernisation alongside two double bedrooms and a bathroom. Although it requires updates and fresh decor to meet contemporary standards, it comes with essential comforts such as double glazing, gas central heating with a modern boiler, and ample storage throughout. Historically successful as a rental property, it has consistently generated strong returns. Additionally, residents can enjoy communal outdoor spaces with convenient access to transport links including bus and train services within a five-minute walk. This property is sold 'chain free' via the Modern Method of Sale, making it an appealing option for those looking to act swiftly on their investment.

Investment Analysis

(PO33 area)

Below Market Value

This property is priced -42.0% below area average per sq ft

-42.0%
Potential saving
This Property
£164/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£196
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£189,582
10% above area average per sq ft
Potential ROI
+51.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO33)

Area prices are rising by +4.0% over the last 12 months
3 year growth: +0.4%
5 year growth: +8.4%
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

Rose Court, 48 Melville Street, Ryde, Isle of Wight, PO33
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£357
Based on a loan of £75,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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