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Lincoln Way, Bembridge, PO35 5QL

South East

£295,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1006 sqft

Description

This detached bungalow offers significant renovation and investment potential nestled in a quiet neighborhood, conveniently close to various village amenities. Residents will appreciate the proximity to local shops, hairdressers, pharmacies, bars, and restaurants, alongside easy access to beautiful nearby beaches. The interior features an adaptable layout with a spacious sitting/dining room bathed in natural light from full-length double-glazed windows. The room’s design allows for distinct living and dining areas, making it suitable for diverse configurations. A functional kitchen is equipped with fitted cupboards and essential appliances, providing a solid foundation for modern upgrades. Adjacent to the kitchen is a study that could serve multiple purposes, complemented by a bright conservatory that opens up to the private rear garden. This space invites ideas for transformation into an entertainment area or additional living space, taking full advantage of its southern exposure. The property includes two well-sized double bedrooms that overlook the garden, offering potential for cosmetic updates to create comfortable retreats. The shower room features contemporary fittings, while the separate WC adds convenience. Outside, the enclosed rear garden is predominantly laid to lawn and surrounded by fencing for privacy. There is also side access leading to an open front garden with attractive plantings. Parking is readily available with a large driveway leading to a single garage equipped with power and lighting. This chain-free residence presents an excellent opportunity for those looking to make their mark through renovations. It offers blank canvases—both inside and out—that provide ample scope for personalization and enhancement in a desirable location.

Investment Analysis

(PO35 area)

Below Market Value

This property is priced -25.2% below area average per sq ft

-25.2%
Potential saving
This Property
£293/sq ft
Area Average
£392/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£434,064
10% above area average per sq ft
Potential ROI
+33.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PO35)

Area prices are falling by +5.2% over the last 12 months
3 year growth: 6.1%
5 year growth: 21.7%
Investment Disclaimer: Analysis based on PO35 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

Lincoln Way, Bembridge, PO35 5QL
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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
£1,081
Based on a loan of £221,250 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