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St Lukes Drive, Bembridge, Isle of Wight, PO35 5XA

South East

£695,000

Listed on 08/07/2026

Property details

Bedrooms
4
Type
Detached Bungalow

Description

This 1936-built detached bungalow offers a wealth of renovation potential in a highly desirable location. Set within expansive gardens that were once a market garden for the village, this property provides an opportunity for a creative buyer to modernise and tailor the space according to their needs. With the possibility of extending and adding annexe accommodation, subject to planning permissions, the investment potential is considerable. Currently, the layout features an entrance porch leading to a spacious sitting room that opens into a conservatory, along with three double bedrooms, a shower room, and an additional cloakroom. The upper level hosts a converted loft space serving as a fourth bedroom, with opportunities to expand further by adding additional bathrooms or bedrooms. The outdoor area is equally impressive, featuring mature gardens, vegetable plots, fruit cages, and ample parking for at least three cars alongside a detached garage. This listing presents an exciting chance for new owners to establish their ideal home in the charming coastal village of Bembridge.

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Investment analysis

(PO35 area)
Area Average
£388/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO35)

Area prices are falling by -15.9% over the last 12 months
3 year growth: -8.8%
5 year growth: -7.1%
Investment Disclaimer: Analysis based on PO35 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

St Lukes Drive, Bembridge, Isle of Wight, PO35 5XA
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,626
Based on a loan of £521,250 over 30 years at 4.45% 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

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