Ryde, Isle of Wight, PO33 2QY
Listed 15 Jan 2026 · Ryde
How the price compares
Key features
- Gross Yield 5.81%
- Apartment Block - established income stream from 12 fully let residential units
- Centrally located in Ryde, a key commuter town with fast links to the mainland
- Consistent rental income with room for growth in line with market demand
- Ideal for hands-on investors – low management input and long-term asset stability
- High street location close to amenities, transport, and local employment
- Long 999-year lease, long term investment
About this home
Fully Let Residential Investment Block | Gross Yield 5.64% | Prime Island Location
Elliott Lincoln is pleased to bring to market Hills Court, a fully tenanted residential investment comprising 12 self-contained apartments situated in the heart of Ryde’s High Street on the Isle of Wight.
This is an attractive opportunity to acquire a fully income-producing asset with strong rental performance, long-term lease security, and minimal management liability.
Property Overview - 12 Residential Apartments 11 x One-Bedroom Apartments 1 x Two-Bedroom Apartment Tenure: Leasehold – 999 years Tenancies: Fully Let on Assured Shorthold Tenancies Floors: Two Gross Monthly Income: £8,225 Gross Annual Income: £98,700 Management Fees: 5.5% (£5,428.50) Net Operating Income: £93,271.50 per annum Current Yield (Gross): 5.81%
Location - Hills Court is in the heart of Ryde, one of the Isle of Wight’s most desirable and well-connected towns. With the passenger hovercraft and catamaran services nearby, it offers fast and convenient access to Portsmouth and the South Coast. The property is situated in a strong rental catchment area and benefits from proximity to the seafront, shops, cafes, and public transport links.
Further Information - A full tenancy schedule and floor plans are available on request. For more information or to arrange a confidential discussion, please contact Elliott Lincoln.
Property details
- Property type
- Block of Apartments
- Size
- 6,458 sq ft / 600 sq m
- Council tax band
- A
- Tenure
- Leasehold
- Lease remaining
- 999 years left
- Ground rent
- £0 per year
- Service charge
- £0 per year
- Parking
- Communal
- Heating
- Night storage
- Electricity
- Mains supply
- Water
- Mains supply
Floorplan
Location
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1 on this map
- Ryde St. Johns Road Station0.4 mi
- Ryde Esplanade Station0.4 mi
- Ryde Pier Head Station0.9 mi
What nearby homes sold for
Median sold prices in PO33 over the last 12 months: detached £383k · semi-detached £250k · flat £130k · terraced £194k.
Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in PO33
Buying costs
Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.
Listed by Elliott Lincoln, Covering the Isle of Wight on Rightmove (original listing). First listed 15 Jan 2026; details checked 7 Nov 2026. Latest change: reduced on 31/10/2025.
Agent disclaimer
Disclaimer - Property reference 34401668. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Elliott Lincoln, Covering the Isle of Wight. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.