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Flat 7, James House, Church Lane... 1 bed flat for sale
Flat 7, James House, Church Lane, Ryde, Isle Of Wight
£55,000
Flat 7, James House, Church Lane, Ryde, Isle Of Wight
£55,000
Our Summary
- EPC Rating ECouncil Tax Band AResidential EPC: EImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
- Auction Date : 18 September 2025
- For Sale by Online Auction
Description
James House is a landmark building in Ryde, offering a top-floor apartment with attractive views of the town and The Solent. The property has been used as a rental investment for many years, but is now being sold vacant, making it an ideal opportunity for an owner occupier or continued use as an income-producing investment. The flat has recently been redecorated and features an entrance hall, living room, kitchen, bedroom, and bathroom with W.C. The property comes with a 99-year lease from 1989, and in 2025, the current owner received a response from the freeholder outlining options for a lease extension, including a 990-year replacement lease for £13,510 with an ongoing peppercorn ground rent.