New Road, Lake
South East
£200,000
Listed on 05/09/2026
Listed on 05/09/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedFeatures
- Garden
- Parking
Description
This three-bedroom semi-detached house is in Lake, with a Tesco convenience store, secondary school, medical centre and Heights Leisure facility nearby. The ground floor has an enclosed porch, entrance lobby, lounge, separate dining room and kitchen. Upstairs are three bedrooms and a bathroom with a bath, basin, WC and separate shower cubicle.
The property has replacement uPVC double glazing and mains services. The listing notes that it would benefit from modernisation. Outside, there is space to park a small car at the front and an enclosed rear garden. The house is freehold and offered with no onward chain.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
52out of 100
Grade DWeak opportunity
Confidence: LOW
This is a light modernisation project with a clear cosmetic canvas: the photographed living spaces and bedrooms would benefit from fresh decoration and flooring, while the enclosed garden could be tidied and the distinctive pink bathroom updated to suit a buyer’s taste. The kitchen appears usable, and the visible exterior and replacement uPVC double glazing are positives.
The score is a cautious 52/100 (D). Floor area is missing, so value against local £/sqf cannot yet be judged; the available information also leaves the resale economics difficult to assess. No onward chain and access to local amenities add appeal, but the project’s value case needs checking once the floor area and comparable sales are established.
Key opportunities
- Refresh the dated wall finishes and worn carpets across the photographed living spaces and bedrooms.
- Make the enclosed rear garden more inviting with routine clearance and tidying.
- Retain the apparently usable kitchen while considering an update to the distinctive pink bathroom.
Key risks
None recorded.
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Transport
Nearest stations
Lake (Isle of Wight) Rail Station
0.3 miles
Train · Lake
Sandown Rail Station
0.6 miles
Train · Sandown
Shanklin Rail Station
1.2 miles
Train · Shanklin
Brading Rail Station
2.4 miles
Train · Brading
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£817
Based on a loan of £150,000 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-13.0% since listed
£200,000£30,000(-13.0%)
08/10/2026£230,000Initial listing
06/09/2026Services
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