23 Star Street, Ryde, Isle Of Wight 4 bed block of apartments for sale

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23 Star Street, Ryde, Isle Of Wight 4 bed block of apartments for sale

23 Star Street, Ryde, Isle Of Wight
£280,000

Our Summary

  • Residential EPC: DImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
  • Auction Date : 12 June 2025
  • For Sale by Online Auction

Description

This freehold detached building in Ryde town centre is currently divided into four self-contained one-bedroom flats, each let under Assured Shorthold Tenancy Agreements and generating a significant rental income. The property offers living rooms, kitchens, bedrooms, and bathrooms or shower rooms, with gardens to the rear. All flats have an EPC rating of D and are in Council Tax Band A. The current tenancies range from six months to over three years, with rental income of £645-£750 per month. The property is considered ideal for addition to an income-producing letting portfolio, with the potential for further growth and development.