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Fairhaven Close, Bembridge, Isle of Wight, PO35 5SX - Image 1
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Fairhaven Close, Bembridge, Isle of Wight, PO35 5SX

South East

£450,000
Listed on 08/06/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1248 sqft

Description

This detached three-bedroom house presents a unique opportunity for buyers looking to invest in a property with significant renovation potential. The home features spacious and well-proportioned rooms, offering the chance to modernize and tailor the space according to personal preferences. With a bright and airy atmosphere throughout, the house is available for purchase without any chain, facilitating a smoother transition for new owners. The ground floor layout includes an inviting entrance hall with distinctive porthole windows, leading into a dual-aspect sitting room that benefits from ample natural light and features a cozy fireplace. Adjacent to the sitting room is a double-glazed conservatory that opens directly onto the garden, creating an excellent space for relaxation or entertaining. The kitchen, while functional, offers scope for an upgrade and includes essential utilities such as plumbing for a dishwasher. A utility room provides additional storage and workspace, alongside a convenient WC. Upstairs, the property boasts three double bedrooms. The main bedroom is particularly noteworthy; its generous size allows for the possibility of conversion into two separate bedrooms or the inclusion of an ensuite bathroom, aligning with contemporary housing demands. The other two bedrooms also offer ample space and functionality. A family bathroom completes this level. Externally, the property is surrounded by lawned gardens that wrap around the sides and rear, enjoying a favorable southerly aspect. This outdoor space features established shrubs and trees, patio areas for outdoor dining or leisure activities, and even a greenhouse for gardening enthusiasts. A driveway accommodates parking for two vehicles and leads to a single garage. Positioned conveniently within walking distance to local amenities—including shops and schools—this residence also provides easy access to nearby beaches at Lane End and Forelands. The combination of space, location advantages, and potential for enhancement makes this property an excellent choice for those seeking a project that could significantly increase its value over time.

Investment Analysis

(PO35 area)

Below Market Value

This property is priced -10.1% below area average per sq ft

-10.1%
Potential saving
This Property
£361/sq ft
Area Average
£401/sq ft

Renovation Potential

Est. Renovation Cost
£45,000 - £112,500
10-25% of property value
Target Value
£550,905
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Monthly Sales
3
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO35)

Area prices are stable by +0.3% over the last 12 months
3 year growth: 12.2%
5 year growth: 40.7%
Investment Disclaimer: Analysis based on PO35 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Fairhaven Close, Bembridge, Isle of Wight, PO35 5SX
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