Frank James Court

Property Information

This beautiful Grade II listed home forms part of the historic Frank James Hospital, originally opened in 1893 by the James brothers. The building has since been thoughtfully converted into a spacious two-bedroom terraced house, retaining a wealth of original features, including the distinctive weather vane depicting the Frank James Ship, the Lancashire Witch.

The accommodation comprises:

• Spacious lounge
• Modern kitchen with integral appliances
• Separate dining room
• Two well-proportioned bedrooms
• Family bathroom
• Entrance cloakroom

Additional benefits include:

• High ceilings and feature windows
• Gas central heating
• Allocated parking
• Private garden

Investment Information

• Asking Price: £180,000
• Rental Income: £950 PCM (£11,400 per annum)
• Tenure: Leasehold (Peppercorn lease)
• Lease Length: 999 years
• Ground Rent: £0
• Service Charge: £1,500 per annum
• EPC Rating: C
• Gross Yield: 6.3%
• Net Yield: 5.5%

This property offers a solid yield opportunity with minimal ground rent obligations and long-term lease security.

Reasons to Invest

• Strong and consistent rental demand in the area
• Attractive rental yield with immediate income potential
• Unique Grade II listed character property
• Long 999-year lease with peppercorn ground rent
• Desirable tenant appeal due to period features and modern finish
• Low-maintenance investment with managed service charge structure
• Excellent commuter links enhancing tenant demand

Location Information

Situated just a short walk from the centre of East Cowes, the property benefits from a wide range of local amenities including supermarkets, independent shops, a medical centre, and cafés. The nearby Red Funnel ferry terminal offers frequent services to Southampton, making it ideal for commuters.

Families are well catered for with pre-schools and primary schools within walking distance, along with convenient bus routes providing direct access to Ryde and Newport.