School Green Road, Freshwater, Isle of Wight, PO40
South East
£50,000Guide Price
Listed on 26/10/2026
Listed on 26/10/2026
The listing
Property details
Bedrooms
1Type
FlatDescription
This second-floor one-bedroom apartment is situated in Freshwater, close to the playing fields, local shops and eateries. The accommodation includes a large lounge, a kitchen/diner, a bedroom with built-in storage and a bathroom. The property is offered with no onward chain and is described as requiring modernisation throughout, with scope for buyers considering a holiday base or an investment. Offered through the Modern Method of Auction, the sale includes a reservation fee and a 56-day completion requirement. Buyers should review the auction terms and legal documents and make their own enquiries before proceeding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
42out of 100
Grade ELow opportunity
Confidence: LOW
This spacious Freshwater apartment has a clear renovation canvas: the lounge looks generous, there is built-in bedroom storage, and the kitchen/diner offers scope to rethink the finishes. The photographed interiors are heavily dated, with worn flooring and staining or discolouration across several areas; replacing the kitchen and bathroom finishes and redecorating could give the flat a more cohesive, modern feel. The asking price is £50,000, but floor area is missing, so value against local £/sq ft cannot yet be judged. The WHOTS score is 42/100, grade E: the project has potential, but the overall opportunity remains limited on the available information.
Key opportunities
- Use the generous-looking lounge and kitchen/diner as the basis for a refreshed, more cohesive living space.
- Replace the dated kitchen and bathroom finishes to create a more contemporary interior.
- Refresh the worn flooring and marked surfaces throughout the photographed areas, while making use of the built-in bedroom storage.
Key risks
- The £42,000–£72,000 works range makes this a full-gut-scale programme rather than a cosmetic refresh; allow for a substantial budget and programme.
- Visible staining or discolouration across several internal surfaces warrants investigation to establish its cause and whether further work is needed.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£189
Based on a loan of £37,500 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.
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