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Redlake Road, Freshwater, Isle of Wight - Image 1
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Redlake Road, Freshwater, Isle of Wight

South East

£220,000

Listed on 05/06/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
963 sqft

Description

This detached bungalow presents a promising opportunity for renovation in a sought-after residential location near Freshwater. The property features a spacious layout, including an entrance hall, living room, two double bedrooms, an additional living/dining area, kitchen, and family bathroom. Outside, the wraparound garden is primarily laid to lawn and includes decking areas, complemented by a driveway and attached garage. With some modernisation, this home has the potential to create a comfortable living space tailored to your preferences. The surrounding area offers scenic country walks along the river Yar and is conveniently close to local amenities such as shops, cafes, and the sports centre in Freshwater. Additionally, the beautiful beaches of Freshwater Bay and Colwell Bay are within a short driving distance, enhancing its appeal as both a residential or investment property.

Investment Analysis

(PO40 area)

Below Market Value

This property is priced -26.9% below area average per sq ft

-26.9%
Potential saving
This Property
£228/sq ft
Area Average
£313/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£331,084
10% above area average per sq ft
Potential ROI
+22.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO40)

Area prices are rising by +4.1% over the last 12 months
3 year growth: -12.6%
5 year growth: +15.2%
Investment Disclaimer: Analysis based on PO40 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

Redlake Road, Freshwater, Isle of Wight
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 over 30 years at 4.45% 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.

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