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New Road, Sandown, Isle of Wight

South East

£235,000
Listed on 04/10/2023

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1035 sqft

Description

This three-bedroom semi-detached Victorian property presents a unique opportunity for renovation and modernization, making it an excellent investment for first-time buyers or those looking to create a tailored family home. Ideally located near the vibrant town center of Sandown and just a short stroll from the golden beaches, the property offers convenient access to local shops, eateries, and public transport links. Internally, the layout includes a welcoming entrance hall leading to a spacious living room featuring a charming bay window and a cozy fireplace. The dining room connects seamlessly to the kitchen, which has an external door leading to a porch and out into the expansive rear garden. Upstairs, the first floor comprises two generously sized bedrooms with built-in wardrobes and a smaller third bedroom that offers versatility depending on your needs. The family bathroom is positioned at the end of the landing. The sunny rear garden is complemented by patio space, perfect for outdoor entertaining or gardening enthusiasts. This home requires modernisation throughout but holds significant potential for those willing to invest time and effort into transforming it into a stylish living space.

Investment Analysis

(PO36 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£227/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£208
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£328,343
10% above area average per sq ft
Potential ROI
+19.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PO36)

Area prices are rising by +4.0% over the last 12 months
3 year growth: -3.6%
5 year growth: 22.3%
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

New Road, Sandown, Isle of Wight
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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
£861
Based on a loan of £176,250 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