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Modernisation Required * Lake

South East

£325,000
Listed on 21/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

This detached chalet bungalow offers a promising opportunity for those looking to invest in a property with significant renovation potential. Set in a sought-after residential area, it is conveniently located near essential amenities, schools, and Sandown train station, which provides ferry connections to the mainland. The nearby cliff path and seafront invite you to explore extensive coastal walks. The flexible layout includes a spacious entrance hall, lounge/dining room, separate kitchen, one bedroom, and a shower room on the ground floor. Upstairs, you'll find two additional bedrooms and a separate WC. This home also benefits from a driveway, garage, and an expansive rear garden that offers ample outdoor space. The current condition presents an excellent canvas for updates and personalization, making it suitable for families or investors eager to create their ideal living space in one of the Island's most desirable coastal towns. A visit is encouraged to fully grasp the potential this detached bungalow holds for renovations.

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
£1,172
Based on a loan of £243,750 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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