Park Road, Ryde, Isle Of Wight PO33
South East
£120,000
Listed on 09/09/2026
Listed on 09/09/2026
The listing
Property details
Bedrooms
2Type
FlatArea
610 sqftFeatures
- Parking
Description
This two-bedroom top-floor flat is in a purpose-built apartment building in Ryde and includes a share of the freehold and an allocated parking space beneath the building. The listing describes the block as well maintained and notes that the flat would benefit from updating and decorative work. It has a bay-fronted lounge, two bedrooms, a kitchen and a bathroom, with double glazing and electric heating throughout.
The property is close to bus routes and is described as around a five-minute walk from the train station, with the town centre and seafront also within walking distance. The lease is stated as 125 years from 1 June 1988, with approximately 87 years remaining; ground rent is nil and the service charge is approximately £100 per month. Council tax is band B.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
74out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £120,000, this two-bedroom flat is priced well below the local £/sqf average, making the asking price a clear opportunity to acquire. The bay-fronted lounge, far-reaching views and allocated parking add appeal, while the share of freehold and convenient access to the station, town centre and seafront strengthen the package.
The project looks cosmetic rather than structural: the photographed rooms are usable but have dated decoration and finishes, including older kitchen and bathroom fittings. With £6,000–£15,000 indicated for the works, there is scope to refresh the interiors and make the flat feel more current; the building exterior appears generally intact in the submitted views.
Key opportunities
- Refresh the dated decoration and flooring to give the usable interiors a more contemporary feel.
- Update the older kitchen and bathroom finishes, with scope to assess whether a cosmetic refresh is sufficient.
- Make the most of the bay-fronted lounge, far-reaching views and allocated parking.
Key risks
None recorded.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£453
Based on a loan of £90,000 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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