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Alverstone Road, Queen Bower

South East

£475,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1479 sqft

Description

This detached chalet bungalow offers a unique opportunity for renovation and personalization, coming to the market for the first time in half a century. With three bedrooms and three reception areas, alongside two bathrooms, this property is positioned to take full advantage of its stunning rural views and spacious garden. While the home has been well maintained over the years, it presents an ideal canvas for new owners to implement their own design choices. The versatile layout includes an entrance hall leading to a bright living room with dual aspect windows, a ground floor bedroom that can serve multiple purposes, and a dining room with fantastic garden vistas. The kitchen opens into a sunroom that could be reimagined as a utility space or office. On the first floor, two double bedrooms include one with an en-suite bathroom. The generous rear garden is ready for landscaping, allowing for potential enhancements to create an outdoor oasis. Additionally, the large gravel driveway and garage provide ample parking options, with room for expansion if desired. Located in the quaint hamlet of Queen Bower, close to essential amenities in Newport and Sandown while surrounded by beautiful walking paths and cycling routes, this property is ripe for those looking to invest in a unique home with plenty of scope for modernisation.

Investment Analysis

(PO36 area)

Above Market Value

This property is priced +11.8% above area average per sq ft

+11.8%
This Property
£321/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£195
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£467,327
10% above area average per sq ft
Potential ROI
-12.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PO36)

Area prices are rising by +4.7% over the last 12 months
3 year growth: -4.6%
5 year growth: +19.5%
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

Alverstone Road, Queen Bower
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,713
Based on a loan of £356,250 over 30 years at 4.06% 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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