2 bed flat for sale

Madeira Court, Ventnor PO38

A fantastic investment opportunity located within a consistently strong rental area on the Isle of Wight, with potential to generate approximately £900 pcm from reliable long-term tenants with no arrears history, providing a secure income-producing asset from day one. Can rent on a AST. No holiday letting or pets

Priced competitively below comparable market value due to seller motivation, the property offers investors immediate equity alongside a projected yield of over 6%. Comparable rental properties within the PO38 1QJ area and wider Ventnor market are achieving approximately £850–£1,050 pcm, reflecting steady demand driven by coastal living appeal, tourism-linked employment and limited rental supply.

The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any portfolio. Madeira Court benefits from a desirable residential setting close to Ventnor town centre, local amenities, transport links and the seafront, ensuring consistent tenant demand and long-term rental stability.

Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.

Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.

All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.