East Yar Road, Sandown, Isle of Wight
South East
£50,000Guide Price
Listed on 09/10/2026
Listed on 09/10/2026
The listing
Property details
Bedrooms
2Type
ApartmentFeatures
- Garage
Description
Offered at auction, this two-bedroom long leasehold flat in Sandown is vacant and requires comprehensive renovation. The accommodation offers scope to create an updated home or rental property, subject to the lease terms and any required consents. The listing notes access to local amenities, transport links and destinations across the eastern Isle of Wight. The lease has approximately 746 years remaining. Ground rent and service charge details are available in the legal pack. The property is rated EPC D and is in Council Tax Band B. Buyers should review the legal pack and confirm all costs and requirements before bidding; the auction terms include a buyer's charge and a six-week completion period.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
45out of 100
Grade ELow opportunity
Confidence: LOW
This two-bedroom flat is a substantial renovation project, with scope to rework the dated interiors, replace the visibly deteriorated kitchen and improve worn finishes and flooring. The block looks generally intact in the available views, and the shared grassed areas and paved access appear maintained. The score is low overall because value against local £/sqf cannot yet be judged without a floor area; the economics are also unproven without that comparison or a stated resale value. As this is an auction, £50,000 is the guide price, not a confirmed sale price: bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Redesign the dated living space and bedroom finishes to create a more contemporary home.
- Replace the deteriorated kitchen and improve the worn bathroom finishes as part of a coordinated upgrade.
- The gallery shows a garage, which could add practical value if confirmed as included.
Key risks
- The stripped-back scope across the flat, including deteriorated kitchen finishes and extensive dark floor staining in a bedroom, points to a £45,000–£85,000 works budget and a full-gut programme rather than a cosmetic refresh.
- Extensive dark staining across a bedroom floor covering needs investigation to establish its cause and whether there is any underlying issue.
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Finance
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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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