This property represents a promising investment opportunity in the sought-after coastal town of Sandown, Isle of Wight. Known for its appealing seaside location, the area boasts robust demand from both buyers and tenants due to its local amenities and excellent transport links. The property is in need of comprehensive refurbishment, allowing prospective buyers to significantly enhance its value through modernization. Current estimates suggest renovation costs could range between £20,000 and £35,000, depending on the scope of improvements made. Notably, similar refurbished properties in the Newport Road vicinity are achieving market values between £220,000 and £260,000+. Furthermore, current rental prices in the area hover around £900 to £1,200 per month, indicating a potential yield of approximately 6% to 8%, contingent on purchase price and renovation expenditure. With ongoing interest from residents and those relocating from the mainland, coupled with Sandown's charm as a well-connected coastal locale, this property holds strong potential for significant capital appreciation and a lucrative long-term investment. Please be aware that any systems or services depicted in marketing materials have not been tested by us and will be governed by the fixtures and fittings agreement with the seller.
