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Reap Lane, Portland, Dorset, DT5 2DW

South West

£275,000

Listed on 15/07/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
1075 sqft

Description

This two-bedroom detached bungalow in Portland offers a prime opportunity for buyers looking to invest in a coastal property with tremendous renovation potential. Set in a desirable location, the home is conveniently close to local amenities while providing easy access to scenic coastal paths along the dramatic Jurassic Coastline. The property features a generously sized garden that faces south, ideal for outdoor living, gardening, or entertaining. A bright conservatory enhances the living space, providing a lovely view of the garden and making it a perfect spot for morning relaxation or reading. Inside, there are two spacious double bedrooms and multiple reception areas that can be reconfigured according to your preferences. While the bungalow requires modernisation and aesthetic upgrades, this is an excellent chance for new owners to tailor the interiors to their personal style and increase property value significantly. Additionally, this residence comes with a garage and private driveway, ensuring off-road parking and secure storage—an asset increasingly sought after in today's market. The property's EPC rating of C suggests respectable energy efficiency levels, providing a solid base for any enhancements you may wish to undertake. Given the absence of an onward chain, this bungalow presents an enticing blend of location and potential for those seeking either a fresh start or an exciting renovation project. Early viewing is recommended for anyone interested in capitalising on this unique offering.

Investment analysis

(DT5 area)

Below Market Value

This property is priced -2.1% below area average per sq ft

-2.1%
Potential saving
This Property
£256/sq ft
Area Average
£261/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£308,987
10% above area average per sq ft
Potential ROI
-1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DT5)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -4.3%
5 year growth: +12.3%
Investment Disclaimer: Analysis based on DT5 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

Reap Lane, Portland, Dorset, DT5 2DW
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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
£1,039
Based on a loan of £206,250 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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