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School Lane, Carisbrooke, Newport

South East

£250,000
Listed on 01/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
991 sqft

Description

This three-bedroom semi-detached house presents an exciting opportunity for first-time buyers and families looking to inject personal style into a property. With no onward chain, the home is ready for a new owner to transform it to their liking. The ground floor comprises two reception rooms; one offers a pleasant garden view while the flexible second reception can accommodate various living arrangements. The kitchen is bright, benefiting from ample natural light, and there is a convenient ground floor WC. On the first floor, you’ll find two generously sized double bedrooms alongside a single bedroom and a family bathroom. Outside, the property features a sizable garden as well as a garage at the rear. Ideally situated, this house provides access to local schools, making it practical for families. Newport town center and Carisbrooke village are both accessible nearby, offering an array of shops, supermarkets, cafés, and essential services. Excellent public transport links are available from Newport bus station for easy commutes across the island and connections to mainland destinations like Portsmouth and Southampton. This property not only offers immediate living potential but also significant renovation prospects that can enhance value over time.

Investment Analysis

(PO30 area)

Below Market Value

This property is priced -7.9% below area average per sq ft

-7.9%
Potential saving
This Property
£252/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£298,742
10% above area average per sq ft
Potential ROI
+3.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PO30)

Area prices are falling by -5.5% over the last 12 months
3 year growth: -3.9%
5 year growth: +1.0%
Investment Disclaimer: Analysis based on PO30 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

School Lane, Carisbrooke, Newport
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£892
Based on a loan of £187,500 over 30 years at 3.97% 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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