Flat 4, Palmer House, 24 Castle Street, Ryde, PO33 2EE

UPRN:10024248757Converted Flat2 bedsBuilt before 1900

LeaseholdCouncil Tax: Band BEPC: D (66)

Data freshness:Listing· freshPlanning· 3mo agoEPC· 6mo agoRisk· 5mo agoConnectivity· 1mo agoSchools· 1mo agoAmenities· 2mo agoArea· Census 2021Council Tax· 6mo ago

Flat 4, Palmer House, 24 Castle Street, Ryde, PO33 2EE

HP Score

/ 100

Mixed

Verdict

3 days ago

Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Mixed signals - investigate

Evidence

20 of 21 sources

Sale Estimate

£218,000

£207k - £229kHigh

Estimate

£218k

Range

£207k – £229k

Rent Estimate (pcm)

£1,050

£950 - £1k

Monthly

£1,050

Yield

14.01%

Verdict

Derived from HomePortfolio scores

Flat 4 earns an INVESTIGATE rating with HP Score 54/100. Investment score 57/100 reflects moderate fundamentals. Crime intensity is elevated. Walkability is limited (61/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is leasehold. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.

Key SourcesEPC RegisterPortal listingsOfcom Connected NationsOfcom mobile coverageMarket estimates (third-party AVM)HM Land Registry sales matched to addressDefra strategic noise mapping, England Round 4 (Contains Defra data © Crown copyright and database right 2023-2024, Open Government Licence v3.0)Walk ScoreONS Census 2021Police.ukHM Land Registry company ownershipHM Land Registry covenantsHM Land Registry leasesHM Land Registry Price PaidPlanIt / council planning portalsOverture Maps PlacesOfsted / DfE GIAS

HP Score

54/ 100

Mixed

Investment Score

57/ 100

Moderate

Crime Score

83/ 100

Elevated

Walkability

61/ 100

Moderate

Transit & Bike

Transit 21Bike 56

Walk Score, out of 100

Opportunity

Not scored as an opportunity

We will not put a number on this one.

estimate implies a 59% discount - beyond plausibility (gate 50%); suspected unit/basis mismatch, not a realisable edge

Withholding a score is deliberate. A number built on missing or stale inputs would look more certain than the evidence allows.

Economics

What happens to your money

Your assumptions

Purchase price£89,950

At the asking price

Monthly rent£1,050/mo

Evidenced range £950-£1,100

Interest rate5.4%

Loan to value75%

Cash required: £28,286
Net cash flow: £423/mo
Cash on cash: 18.0%
Score at this price: -

After a 8% void allowance, 15% management and 10% maintenance. Lender coverage (rent ÷ interest): 3.46 - clears the usual 1.25 test. These are your assumptions, not evidence: only the pre-filled rent and price come from the record.

Risks

What could kill this deal

Score confidence is low
largely a single source - treat the number as a prompt, not a conclusion

Property risk deep-dive →flood, subsidence, crime, environment - the full domain

Plan

Before you offer

1. Commission a full structural survey, not a basic condition report.
The score prices market evidence, not the fabric of the building.

Every step above was generated from a specific gap or flag in the evidence - no generic advice, no invented tasks.

Valuation & Market

Sale Estimate£218,000

Rent Estimate (pcm)£1,050

Gross Yield14.01%

1y Growth+85.8%

3y Growth-0.4%

5y Growth+0.2%

10y Growth+3.0%

Last Sold Price£187,500 (2018-08-24)

View Market Details

Risk Overview

Flood RiskUnknown
SubsidenceSignificant
RadonLow
MiningUnknown
LandslideLow
Air QualityLow
NoiseLow

View Full Risk Report

Planning Activity

Recent Apps

1PO33 2EE

Approval Rate

100%12mo

Development

low

26/01541/DIS
Condition compliance application on 25/01636/FUL relating to Condition 7 (Update Noise Management Plan) to be discharged
Pending
26/01494/TW
T1; Acer - Reduce crown by 30%; Reason: the tree has outgrown its location.
Pending
26/01492/TW
T1; Apple tree. Formative pruning. Reason: tree has outgrown its location.
Pending

View Planning Timeline

Ownership

Corporate Ownership62.2%
Overseas OwnershipNo
Lease Term Remaining999+ yrs
CovenantsRestrictive
Lease TypeLeasehold
Last Ownership Change2018-08-24
SourceLand Registry

View Ownership Details

Connectivity

Broadband (Standard)

16 Mbps

Mobile 4G/5G Coverage

EEThreeO2Vodafone

EV Charger

PTAL Rating

View Connectivity Map

Area Profile

Median EarningsLocal authority£26,740

Population Density-

Owner Occupied35%

Age Distribution

0-15 12%16-64 66%65+ 22%

View Area Profile

Schools Nearby

Dover Park Primary School
0.3 mi
Good
Ryde School with Upper Chine
0.5 mi
Inspected by ISI
St Mary's Catholic Primary School
0.6 mi
Area grades2025
Inspected after Ofsted withdrew the single overall grade.
Oakfield Church of England Aided Primary School, Ryde
0.8 mi
Report card2026
Ofsted no longer awards a single overall grade.

3 of 13 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.

View All Schools

Comparables

View All

Palmer House, 24 Castle Street
-
£158k
-
23 Castle Street
-
£65k
-
23 Castle Street
-
£60k
-
Palmer House, 24 Castle Street
-
£30k
-

Boundary data not available for this property

No registered title polygon, building footprint, or street match for this property yet.

Why: No HMLR INSPIRE / OSM footprint / OS Open USRN match for this UPRN

Source: HM Land Registry INSPIRE / OpenStreetMap / OS Open USRN