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Melville Street, Ryde, Isle of Wight 2 bed end of terrace house for sale
Melville Street, Ryde, Isle of Wight
£140,000
Melville Street, Ryde, Isle of Wight
£140,000
Our Summary
- For cash buyers only
- This attractive freehold period property is arranged as two one bedroom self-contained apartments, each sold subject to long term tenancies and on their own 125 year leasehold titles, together with a detached coach house and outbuilding to the rear that offers clear scope for conversion or redevelopment subject to planning permission
- The coach house benefits from its own separate access, creating the potential for independent use or an additional future income stream
- 80 per annum), providing an immediate return with significant potential for uplift through refurbishment, reconfiguration or redevelopment of the ancillary buildings subject to consent
- This is a strong opportunity for investors and developers looking for an income producing asset with clear angles for future growth in one of Ryde’s most desirable residential streets
- For sale by online auction
Description
This attractive freehold period property in Ryde's conservation area offers a unique investment opportunity for cash buyers. The property is arranged as two one-bedroom self-contained apartments, each sold subject to long-term tenancies, and comes with a detached coach house and outbuilding that has scope for conversion or redevelopment subject to planning permission. The property benefits from its prime location, close to the seafront, town centre amenities, and excellent transport links, supporting strong rental demand and long-term prospects for value add improvements. The two existing flats generate a combined rental income of £9,124.80 per annum, providing an immediate return with significant potential for uplift through refurbishment, reconfiguration, or redevelopment of the ancillary buildings subject to consent. This is a strong opportunity for investors and developers looking for an income-producing asset with clear angles for future growth in one of Ryde's most desirable residential streets.