East Yar Road, Sandown, Isle of Wight
South East
£50,000Guide Price
Listed on 10/10/2026
Listed on 10/10/2026
The listing
Property details
Bedrooms
2Type
ApartmentDescription
This two-bedroom first-floor leasehold flat in Sandown is offered at auction with vacant possession and is described as requiring comprehensive renovation. It offers scope to update the accommodation, subject to the lease terms and any necessary consents. The lease began in 1973 for 800 years, with 746 years remaining. The EPC rating is D and the council tax band is B.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
46out of 100
Grade ELow opportunity
Confidence: LOW
This two-bedroom flat is a substantial renovation project, with a separate living room and clear scope to rework the tired interior. The worn kitchen, dated finishes and flooring across several rooms offer plenty of room to improve the home; the block looks generally intact in the submitted views. Extensive dark staining on a bedroom floor should be investigated to establish its cause and what work is needed.
The score is E, reflecting limited visible condition scoring and value that cannot yet be assessed: floor area is missing, so the price versus local £/sq ft cannot be judged. The auction guide is £50,000, with a £30,000–£55,000 renovation range; bidding can take the hammer above the guide, so the eventual price may not stay this cheap. Check the lease and legal pack, including service charge, ground rent and the buyer’s charge, before bidding.
Key opportunities
- Use the separate living room, kitchen and two bedrooms as a clear starting point for improving the layout and overall finish.
- Replace or refresh the visibly worn kitchen and update the dated bathroom fittings and finishes as part of a modernisation.
- Renew tired wall finishes and floor coverings across the flat, investigating the stained bedroom floor before choosing the repair.
Key risks
- Worn finishes across several rooms, a poor-condition kitchen and extensive dark staining on a bedroom floor make this a £30,000–£55,000 works programme, not a cosmetic refresh; investigate the staining and allow for the scope to affect budget and timing.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£189
Based on a loan of £37,500 over 30 years at 4.45% 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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