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High Street, Oakfield, Ryde, Isle of Wight, PO33

South East

£150,000

Listed on 18/06/2026

Property Details

Bedrooms
2
Type
End Of Terrace
Area
870 sqft

Description

Presenting a semi-detached cottage in Oakfield, this property is available with no onward chain and comes with vacant possession. Conveniently located just a short stroll from the town centre and train station, it features a spacious rear garden accompanied by nearby street parking. The interior of the cottage is primed for restoration, requiring updates and modernization throughout, particularly the installation of a new heating system. The ground floor consists of a front lounge and a separate dining area, along with a galley kitchen and bathroom. An adjoining lean-to provides additional storage space. Originally designed with two double bedrooms on the upper level, recent modifications have resulted in one larger bedroom and a single room, alongside a WC that could be transformed into an en-suite; reinstating the original layout or adding a shower could significantly enhance the property's functionality. Located near essential amenities like a convenience store and bus stops, the long garden filled with mature trees offers potential for creating an inviting outdoor retreat when cleared. This property represents an excellent renovation opportunity for investors or buyers looking to add value through thoughtful improvements.

Investment Analysis

(PO33 area)

Below Market Value

This property is priced -38.8% below area average per sq ft

-38.8%
Potential saving
This Property
£172/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£196
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£269,826
10% above area average per sq ft
Potential ROI
+34.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO33)

Area prices are rising by +2.5% over the last 12 months
3 year growth: -1.2%
5 year growth: +4.8%
Investment Disclaimer: Analysis based on PO33 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

High Street, Oakfield, Ryde, Isle of Wight, PO33
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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
£567
Based on a loan of £112,500 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.

Stamp Duty Calculator

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