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Kestrel Close, Lake, Isle of Wight

South East

£280,000

Listed on 17/07/2026

Property details

Bedrooms
2
Type
Detached Bungalow

Description

This spacious detached bungalow located within the sought-after Merrie Gardens estate presents a compelling opportunity for renovation. Featuring a generous living area, this property includes a large lounge and kitchen, along with two bedrooms, one boasting an en suite shower room. The mature gardens at both the front and rear provide ample outdoor space, complemented by a garage and extensive driveway. While the interior requires modernisation, it holds significant potential to be transformed into a comfortable forever home or an appealing investment property. With local amenities including supermarkets and beautiful countryside walks nearby, this location is ideal for those seeking tranquility without sacrificing convenience.

Investment analysis

(PO36 area)
Area Average
£275/sq ft
Avg Rent (weekly)
£207
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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 +2.9% over the last 12 months
3 year growth: -8.4%
5 year growth: +3.5%
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

Kestrel Close, Lake, 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
£1,058
Based on a loan of £210,000 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.

Stamp duty calculator

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