# Studio flat for sale (PO33 2HX) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 6, STAR HOUSE, 3, STAR STREET, RYDE, ISLE OF WIGHT PO33 2HX | | Price | £70,000 | | Bathrooms | 1 | | Construction age | England and Wales: 2003-2006 | | Floor area | 28 m² | | Last sold | £67,000 Feb 2020 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Expiry date:** 20/08/2029 - **Current heating cost:** £148/year [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/2898-0084-6278-6731-7930) ## Description CASH BUYERS ONLY(see notes)......................This purpose built first floor studio flat is conveniently situated within the very heart of Ryde's bustling town centre. Shops, cafes, a supermarket, post office plus a wealth of other facilities are all literally on your doorstep making everyday requirements just that little easier. The nearest bus stop is less than a hundred yards away leaving local travel truly accessible, and for those who commute to the mainland the proximity to the hovercraft and Fastcat links are well within walking distance. Built circa 2007, this building is one of only a handful of purpose built developments within central Ryde and it is certainly one of very few buildings with a lift. This will mean that this flat is fully accessible to all regardless of ability and age and it comes with all the modern accoutrements one would expect such as gas central heating and double glazing. This flat has a successful rental track record generating some £5000 per annum (12 month occupation) or £416 pcm. This will generate an annual return of some 7% (approx). At a glance:- Communal Entrance First Floor Landing Entrance Hallway (8'10 x 3'4) Bed/Sitting Room (15'0 x 11'9 max to recess) Kitchen (8'5 x 7'7) Bathroom (6'6 x 5'9) Communal Facilities - Lift to all floors. Dustbin storage area to rear. Secure entry system. LEASEHOLD Tenure 112 years remain on lease Maintenance £770 per annum CASH BUYERS ONLY - at 28.6 sqm gross internal area it does not meet mortgage requirements. No Onward Chain ## Property Photos - ![Photo 6](/listings/photos/73644625/1258339) - Photo 6 - ![Photo 5](/listings/photos/73644625/1258341) - Photo 5 - ![Photo 2](/listings/photos/73644625/1258343) - Photo 2 - ![Photo 4](/listings/photos/73644625/1258345) - Photo 4 ## Floorplans - ![Floorplan 1](/listings/photos/73644625/1258347) - Floorplan 1 ## EPC Graphs - ![Energy Perform...](/listings/photos/73644625/1258349) - Energy Perform... ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | STAR HOUSE, 3 FLAT 6 STAR STREET, RYDE, ISLE OF WIGHT, PO33 2HX | £67,000 | 24/02/2020 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | CROFTON HOUSE, 105 FLAT 2 GEORGE STREET, RYDE, ISLE OF WIGHT, PO33 2JE | £108,000 | 19/08/2025 | Flat | | CROFTON HOUSE, 105 FLAT 4 GEORGE STREET, RYDE, ISLE OF WIGHT, PO33 2JE | £121,000 | 12/02/2025 | Flat | | 157 FLAT 3 HIGH STREET, RYDE, ISLE OF WIGHT, PO33 2HT | £61,000 | 30/11/2023 | Flat | | 157 FLAT 4 HIGH STREET, RYDE, ISLE OF WIGHT, PO33 2HT | £61,000 | 30/11/2023 | Flat | | 157 FLAT 5 HIGH STREET, RYDE, ISLE OF WIGHT, PO33 2HT | £61,000 | 30/11/2023 | Flat | | 157 FLAT 1 HIGH STREET, RYDE, ISLE OF WIGHT, PO33 2HT | £61,000 | 30/11/2023 | Flat | | 157 FLAT 2 HIGH STREET, RYDE, ISLE OF WIGHT, PO33 2HT | £61,000 | 30/11/2023 | Flat | | 10 FIRST FLOOR FLAT BEDWORTH PLACE, RYDE, ISLE OF WIGHT, PO33 2RF | £152,500 | 30/09/2022 | Flat | | OXFORD HOUSE, 10 FLAT 5 BARFIELD, RYDE, ISLE OF WIGHT, PO33 2JP | £130,000 | 10/05/2022 | Flat | | CHESTNUT COURT, 20 APARTMENT 5 BARFIELD, RYDE, ISLE OF WIGHT, PO33 2JP | £215,000 | 03/05/2022 | Flat | | OXFORD HOUSE, 10 FLAT 2 BARFIELD, RYDE, ISLE OF WIGHT, PO33 2JP | £117,000 | 03/03/2022 | Flat | | STAR HOUSE, 3 FLAT 3 STAR STREET, RYDE, ISLE OF WIGHT, PO33 2HX | £115,000 | 25/02/2022 | Flat | | 41 FLAT 2 PLAYER STREET, RYDE, ISLE OF WIGHT, PO33 2JB | £151,000 | 04/02/2022 | Flat | | 62A FLAT 1 HIGH STREET, RYDE, ISLE OF WIGHT, PO33 2RJ | £80,000 | 17/12/2021 | Flat | | 63 FLAT C HIGH STREET, RYDE, ISLE OF WIGHT, PO33 2RJ | £92,000 | 17/12/2021 | Flat | | ST AUSTELL, 89 FLAT 2 GEORGE STREET, RYDE, ISLE OF WIGHT, PO33 2JX | £80,000 | 22/10/2021 | Flat | **Area average:** £104,156 (16 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £127,157 (27 Flat, PO33, 2024–2026) - **Deviation:** -44.9% ## Rental Range *ONS Price Index of Private Rents (Isle of Wight). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £851/mo - **Realistic:** £946/mo - **Optimistic:** £1,041/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 1 Bed Flat, Star Street, PO33 | £690/mo | 1 | 0.06 miles | OpenRent | | 4 Bed Detached House, Newport St, PO33 | £1,250/mo | 4 | 0.07 miles | OpenRent | | 1 Bed Semi-Detached House, Player Street, PO33 | £850/mo | 1 | 0.11 miles | OpenRent | | 2 Bed Semi-Detached House, Bank Gardens, PO33 | £825/mo | 2 | 0.14 miles | OpenRent | | 1 Bed Flat, High Street, PO33 | £750/mo | 1 | 0.19 miles | OpenRent | | 4 Bed Semi-Detached House, St. Thomas Street, PO33 | £1,150/mo | 4 | 0.25 miles | OpenRent | | 1 Bed Flat, Monkton Street, PO33 | £725/mo | 1 | 0.29 miles | OpenRent | | 2 Bed Flat, St. Johns Road, PO33 | £900/mo | 2 | 0.29 miles | OpenRent | | [Somerset Road, Ryde, Isle Of Wight](http://87.117.209.195:8080/listings/dca55f0) | £1,200/mo | 3 | 0.86 miles | Rightmove | **Average rent: £927/mo (9 listings)** ## 1% Rule - **Rent ratio:** 1.21% (strong) - **Max investor price (0.8%):** £106,250 - **Target investor price (1%):** £85,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £850/mo).* - **Gross yield:** 14.6% - **Cost-to-rent:** 6.9× - **Monthly cashflow:** £464/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 27.4% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £2,500/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -24.4% - **10y growth:** 8.6% ## House Price Index (HM Land Registry) *Official index for Isle of Wight; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -5.7% - **5y growth (index):** -5.5% - **10y growth (index):** 17.1% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)