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Reap Lane, Portland

South West

£270,000
Listed on 15/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
796 sqft

Description

This three-bedroom detached bungalow presents a unique opportunity for renovation and investment in the sought-after residential area of Southwell. With no onward chain, this property is ideal for those looking to add their own personal touch or enhance its current features. The bungalow features a well-sized kitchen-diner, equipped with white cabinetry and granite-effect worktops, providing ample space for freestanding appliances. This area offers the potential for modernization to create a contemporary cooking and dining space that suits today’s lifestyle. The adjoining living room is generously proportioned and includes a charming stone fireplace, adding character while also allowing for reimagining the layout to maximize comfort and functionality. Natural light floods the home through multiple windows, particularly in the conservatory that overlooks the rear garden. The sunny aspect of this additional living space makes it perfect for year-round enjoyment or as an ideal play area. The rear garden itself is predominantly laid to lawn with patio areas, presenting possibilities for landscaping or creating an outdoor entertaining space. There are three well-sized bedrooms, each offering versatility in design options, whether you choose to maintain them as cozy sleeping spaces or convert them into a home office or guest rooms. The shower room is practical with level access, making it suitable for all ages. Externally, the property features a driveway that accommodates several vehicles alongside a detached garage—ideal for storage or as a workshop. Given its location in an appealing neighborhood and the potential for enhancement through renovation, this bungalow stands out as an attractive investment opportunity. Interested buyers are encouraged to view the property to fully appreciate its potential and explore how they can make it their own.

Investment Analysis

(DT5 area)

Above Market Value

This property is priced +27.6% above area average per sq ft

+27.6%
This Property
£339/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£232
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£232,734
10% above area average per sq ft
Potential ROI
-21.1%
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
15%
Properties sold annually

Local Market Trend (DT5)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -1.0%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on DT5 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

Reap Lane, Portland
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE