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Witbank Gardens, Shanklin

South East

£225,000
Listed on 22/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This spacious three-bedroom detached house presents a significant renovation opportunity, nestled on a sought-after road just outside Shanklin's town centre. Ideal for cash buyers or developers, the property is currently in a state of disrepair and lacks essential kitchen and bathroom facilities, making it uninhabitable and unsuitable for mortgage financing. The generous plot allows for ample off-road parking and features a grassy area both at the front and rear of the property. There is potential for expansion with an extension to the side (subject to necessary planning consent), which could enhance its value significantly. The layout includes a lounge, dining room, several rooms suitable for repurposing, and three bedrooms on the upper level. This property is not only a blank canvas but also an excellent investment opportunity to create a modern family home.

Investment Analysis

(PO37 area)
Area Average
£283/sq ft
Avg Rent (weekly)
£197
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PO37)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -2.6%
5 year growth: +7.4%
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

Witbank Gardens, Shanklin
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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
£811
Based on a loan of £168,750 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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