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Chain Free * Lake

South East

£200,000
Listed on 11/05/2026

Property Details

Bedrooms
1
Type
Detached Bungalow

Description

This detached bungalow, nestled within the desirable Merrie Garden estate, presents a valuable opportunity for renovation enthusiasts or investors. Its location is ideal, being within walking distance of local supermarkets, convenient bus routes connecting Shanklin and Sandown, and nearby dining options. The vibrant town centre, packed with shops and essential amenities, is easily accessible, while the stunning seafront with picturesque coastal walks is just a short drive away.

Inside, the property comprises a lounge that opens directly onto the garden, a separate kitchen area, a double bedroom featuring built-in storage, and a bathroom. Although generally in need of updating to bring it up to modern standards, these existing features offer a solid foundation for transformation. The exterior includes a driveway for off-road parking along with a detached garage and an enclosed rear garden—perfect spaces to enhance outdoor living.

The property's prime location coupled with its potential for personalized upgrades makes it an exciting prospect for those looking to invest in one of the area's most sought-after coastal towns. A viewing is highly recommended to grasp the full scope of what this chain-free home has to offer.

Investment Analysis

(PO36 area)
Area Average
£278/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Chain Free * Lake
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£714
Based on a loan of £150,000 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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