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Newcomen Road, Lake, Isle of Wight

South East

£229,000

Listed on 23/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This semi-detached house presents a promising opportunity for investors looking to enhance their portfolio. While it currently requires modernisation, the potential for transformation into an appealing residence is significant. Notably, the property includes a one-bedroom lower ground floor flat, which could be a valuable addition to rental income. The layout features a variety of spaces including multiple bedrooms, lounge areas, and essential facilities such as a kitchen and bathroom. With thoughtful updates, this property could truly shine in the market.

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

Newcomen Road, Lake, 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
£817
Based on a loan of £171,750 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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