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Yarmouth, Isle of Wight

South East

£499,950

Listed on 13/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1142 sqft

Description

This well-preserved, 3-bedroom timber-framed chalet bungalow represents an exceptional opportunity for investors or those seeking a unique home. Nestled in a stunning Area of Outstanding Natural Beauty (AONB), the property is set on approximately 2.47 acres, featuring an adjoining paddock that enhances its appeal with potential for agricultural use or recreational purposes. This residence has not been on the market since its construction, making it a rare find. The layout offers bright and spacious living areas, including a double-aspect sitting room transitioning into the dining space, which could also serve as an additional snug for added comfort. While the home requires minor updates to modernize its interior spaces—such as the kitchen and bathroom—it retains essential features like a relatively new treatment plant and generous garden spaces filled with mature shrubs and trees. Surrounding the house is a well-maintained garden leading to an expansive field that assures privacy. This land has previously been productive, suitable for hay production or livestock keeping, presenting an enticing opportunity for self-sustained living. The property's potential extends beyond merely residential use; it could easily become a thriving hobby farm or a serene retreat. Additionally, the lean-to storage area offers practical solutions for outdoor equipment or could accommodate small vehicles. With direct access from Cranmore Avenue and ample parking available, this property stands ready for thoughtful renovations that would enhance both its functionality and charm in this picturesque setting.

Investment Analysis

(PO41 area)

Above Market Value

This property is priced +19.3% above area average per sq ft

+19.3%
This Property
£438/sq ft
Area Average
£367/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£460,900
10% above area average per sq ft
Potential ROI
-14.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (PO41)

Area prices are falling by -100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on PO41 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

Yarmouth, Isle of Wight
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £374,962 over 30 years at 4.45% 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.

Stamp Duty Calculator

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