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IDEAL FAMILY HOME * LAKE

South East

£289,950
Listed on 02/04/2025

Property Details

Bedrooms
3
Type
Detached House
Area
1140 sqft

Description

Situated on the picturesque James Avenue in Lake, this detached residence offers a significant opportunity for those looking to invest in a family home with potential. Featuring three generously sized bedrooms, the property provides ample space conducive to family living and personalisation. The presence of a driveway allows for off-road parking, enhancing accessibility for both residents and guests. While the home requires some modernisation, it stands as a blank canvas ready for new owners to infuse their style and preferences, making it an attractive project for individuals keen on renovations. The internal layout facilitates comfortable gatherings, with spacious living areas that promote togetherness. The friendly neighbourhood is ideal for families, augmented by a sense of community that enhances everyday life. The mature garden at the rear offers a serene outdoor space ripe for improvement or landscaping based on your vision. With its promising investment potential and desirable location within a vibrant community, this property represents an excellent chance to create a tailored family sanctuary.

Investment Analysis

(PO36 area)

Below Market Value

This property is priced -9.0% below area average per sq ft

-9.0%
Potential saving
This Property
£254/sq ft
Area Average
£280/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£350,681
10% above area average per sq ft
Potential ROI
+6.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PO36)

Area prices are rising by +3.5% over the last 12 months
3 year growth: -5.0%
5 year growth: +12.4%
Investment Disclaimer: Analysis based on PO36 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

IDEAL FAMILY HOME * LAKE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,027
Based on a loan of £217,462 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-13.4% since listed
£289,950£10,000(-3.3%)
11/04/2026
Current price
£299,950£15,050(-4.8%)
11/09/2025
£315,000£10,000(-3.1%)
01/07/2025
£325,000£10,000(-3.0%)
08/05/2025
£335,000Initial listing
02/04/2025

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