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Modernisation Required * Lake

South East

£265,000
Listed on 02/05/2026

Property Details

Bedrooms
2
Type
Detached Bungalow

Description

This detached bungalow presents a significant opportunity for renovation and personalization, located conveniently near scenic coastal paths and just a short stroll to the seafront. The area is well-served by local shops, public transport links connecting Shanklin and Sandown, as well as essential amenities like a medical centre and leisure facilities within walking distance. The interior includes a lounge, a separate kitchen featuring an AGA, two bedrooms, and a conservatory. While the property is in need of modernisation, it offers abundant potential for those looking to invest their skills and creativity into updating the space to meet contemporary living standards. Additional highlights include off-road parking via a gated driveway and an enclosed rear garden that could be transformed into an outdoor retreat. Ideal for buyers wanting to leave their mark in one of the region's cherished seaside towns, this chain-free bungalow warrants a viewing to explore its full potential.

Investment Analysis

(PO36 area)
Area Average
£278/sq ft

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
16
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PO36)

Area prices are rising by +4.6% over the last 12 months
3 year growth: -4.6%
5 year growth: +10.6%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£945
Based on a loan of £198,750 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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