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Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38 - Image 1
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Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38 - Image 4
Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38 - Image 5
Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38 - Image 6
Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38 - Image 7
Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38 - Image 8
Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38 - Image 9
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Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38 - Image 11

Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38

South East

£240,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
994 sqft

Description

This three-bedroom semi-detached home offers a unique opportunity for those with an eye for renovation and investment. Situated on a spacious plot, the property features two reception rooms that provide ample living space, as well as off-street parking for up to three vehicles. While the house retains its original character, it currently requires modernization, making it an ideal candidate for buyers looking to personalize their living environment or enhance its value through thoughtful updates. The layout allows for creative redesign possibilities and the potential to transform this property into a contemporary family home. Nestled in the charming village of Godshill, residents benefit from immediate access to a variety of local amenities, including restaurants and pubs, as well as reliable public transport links. This location not only offers a peaceful village atmosphere but also positions itself conveniently for commuting and exploring nearby areas. For those interested in leveraging the home's potential, this property represents an exciting blank canvas with room for growth and improvement.

Investment Analysis

(PO38 area)

Below Market Value

This property is priced -22.2% below area average per sq ft

-22.2%
Potential saving
This Property
£241/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£339,282
10% above area average per sq ft
Potential ROI
+17.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PO38)

Area prices are falling by +6.7% over the last 12 months
3 year growth: -8.3%
5 year growth: 6.0%
Investment Disclaimer: Analysis based on PO38 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

Merryl Lane, Godshill, Ventnor, Isle of Wight, PO38
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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
£879
Based on a loan of £180,000 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