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Peacock Close, Shanklin

South East

£550,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached home presents a promising opportunity for renovation in a serene cul-de-sac, conveniently situated on the outskirts of Shanklin town center. The location offers easy access to local amenities and is surrounded by picturesque countryside walks and cycling paths, making it an ideal spot for outdoor enthusiasts. The property features spacious living areas that are ripe for modernization, allowing you to tailor the space to your taste. It benefits from essential amenities such as gas-fired central heating and uPVC double-glazed windows, ensuring a comfortable living environment. A covered entrance leads into a welcoming hallway with built-in storage, setting the tone for the rest of the home. The expansive lounge/dining area boasts French doors opening to the rear garden, creating a seamless connection between indoor and outdoor spaces. The kitchen is equipped with a gas hob, double oven, and integrated dishwasher, providing a functional layout with potential for updates. Adjacent to the kitchen is a utility room housing the wall-mounted Valliant gas boiler. On the ground floor, there is also an office space suitable for working from home or additional storage needs, along with a bathroom featuring both a corner bath and separate shower cubicle. Three well-proportioned bedrooms are positioned on the first floor. The main bedroom enjoys an ensuite shower room and under-eaves storage, while another bedroom also has its own ensuite facilities. Outside, the property includes a block-paved driveway leading to a garage equipped with power and light. There’s also an adjacent store/workshop that could serve various purposes. The enclosed rear garden mainly consists of grass with a concrete patio area, ideal for outdoor gatherings or personal landscaping projects. Side access gates provide convenience for garden maintenance or additional outdoor use. This property not only offers comfortable living but also presents significant investment potential through renovation efforts. With all mains services available and freehold tenure, it provides an excellent foundation for creating your ideal home while benefiting from its prime location near Shanklin’s amenities and natural surroundings.

Investment Analysis

(PO37 area)
Area Average
£281/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Peacock Close, Shanklin
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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
£2,015
Based on a loan of £412,500 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