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Green Lane, Shanklin, Isle of Wight

South East

£220,000
Listed on 14/05/2026

Property Details

Bedrooms
4
Type
Detached Bungalow

Description

Nestled in a serene and welcoming neighbourhood, this detached chalet bungalow presents a prime opportunity for renovation and modernisation. With spacious front and rear gardens, along with ample off-road parking, the property offers significant potential for reconfiguration or enhancement. Conveniently located on a major bus route and just a short stroll from local shops, beaches, and the town centre, this home is perfectly positioned for those seeking both tranquillity and accessibility. The versatile layout features four bedrooms, a lounge area, bathroom, cloakroom, and kitchen, all of which could benefit from updates to realise their full potential. The inclusion of a garage further adds to the practicality of this investment. Given its location and characteristics, this property holds great promise for any buyer looking to put their personal touch on a home.

Investment Analysis

(PO37 area)
Area Average
£286/sq ft
Avg Rent (weekly)
£192
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO37)

Area prices are falling by -4.7% over the last 12 months
3 year growth: +2.9%
5 year growth: +3.2%
Investment Disclaimer: Analysis based on PO37 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

Green Lane, Shanklin, Isle of Wight
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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
£785
Based on a loan of £165,000 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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