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Chatsworth Avenue, Shanklin, Isle of Wight

South East

£340,000
Listed on 04/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1757 sqft

Description

This detached chalet bungalow presents a promising opportunity for renovation and investment in a sought-after area of Shanklin. The property is free from any chains, allowing for a straightforward acquisition process. Spanning two levels, the layout includes three bedrooms and a bathroom on the ground floor, alongside two additional bedrooms and another bathroom upstairs, making it ideal for larger families or those seeking flexible living arrangements. The spacious interior features separate living and dining areas, along with a conservatory that offers additional light and potential as a relaxing space. While the property does require comprehensive refurbishment throughout, this is an advantageous aspect for buyers looking to customize their home or maximize its rental potential. The generous garden space adds further value; it's perfect for landscaping or outdoor entertainment areas. Complementing the interior are practical elements such as a garage and ample driveway parking, providing convenience and storage options. The presence of side access enhances the functionality of the exterior space. Located in a desirable neighborhood, this property is well-positioned to benefit from local amenities and transport links. It’s an appealing choice for those interested in undertaking a renovation project while enjoying the advantages of a prime location. With mains services connected and gas central heating already installed, key infrastructure is in place to support both immediate habitation needs and future upgrades. This property represents an exciting opportunity to create a personalized living space in one of Shanklin's favored locales.

Investment Analysis

(PO37 area)

Below Market Value

This property is priced -31.1% below area average per sq ft

-31.1%
Potential saving
This Property
£194/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£542,606
10% above area average per sq ft
Potential ROI
+18.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO37)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -5.8%
5 year growth: 15.1%
Investment Disclaimer: Analysis based on PO37 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

Chatsworth Avenue, Shanklin, 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
£1,246
Based on a loan of £255,000 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