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Modernisation Required * Lake

South East

£240,000
Listed on 05/03/2026

Property Details

Bedrooms
2
Type
Detached house

Description

This detached bungalow from the 1960s is situated in a sought-after residential neighbourhood, conveniently close to essential amenities including a local shop and supermarkets. The property is just moments away from the picturesque Cliff Path, offering direct seaside access, and is well-served by public transport links connecting Shanklin and Sandown. The accommodation consists of two spacious double bedrooms, a lounge/diner, a separate kitchen, and a bathroom, all of which would benefit from modern updates. The property also includes driveway parking, a garage, and both front and rear gardens. With its great location and the opportunity to personalize your own space through renovation, this home represents an excellent project for DIY enthusiasts or investors looking to capitalize on improvements in one of the Island’s most desirable areas. Viewings are encouraged to fully grasp the potential this CHAIN FREE bungalow presents.

Investment Analysis

(PO36 area)
Area Average
£284/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.7%

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
17
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PO36)

Area prices are rising by +3.3% over the last 12 months
3 year growth: -6.2%
5 year growth: +16.5%
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

Modernisation Required * Lake
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 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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