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Greenlydd Close, Niton, Ventnor

South East

£275,000
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Situated in the desirable Greenlydd Close, this detached two-bedroom bungalow presents an excellent opportunity for renovation and investment in the charming village of Niton. With a thoughtful layout and spacious internal areas, the property boasts potential for modern updates that can significantly enhance its appeal. Upon entering, you are welcomed by an entrance hall leading into two sizable double bedrooms, each offering ample natural light and comfortable living space. The expansive living and dining room provides a versatile area for relaxation or entertainment. Adjacent to this, the kitchen is primed for modernization, allowing prospective buyers to infuse their personal style and preferences into the layout and design. A convenient shower room adds to the functionality of the home. At the rear of the property, a bright conservatory extends your living space, ideal for enjoying garden views or creating a tranquil retreat. The good-sized garden is primarily laid to lawn, providing a canvas for landscaping or gardening projects. Additionally, a converted garage has been repurposed into two useful workshop/storage rooms, presenting further possibilities for hobbies or even as a home office. Niton is known for its vibrant community atmosphere and picturesque countryside walks along the southern coast of the Isle of Wight. Local amenities within easy reach include a convenience store, post office, GP surgery, popular pub, and primary school, all contributing to a convenient lifestyle. The location not only provides a pleasant residential experience but also enhances the property's investment potential due to its appealing surroundings and strong demand in the area. This bungalow offers both immediate comfort and considerable scope for improvement—an invitation to create a lovely home tailored to your vision while benefiting from one of Niton's most sought-after settings.

Investment Analysis

(PO38 area)
Area Average
£310/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Greenlydd Close, Niton, Ventnor
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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
£1,007
Based on a loan of £206,250 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