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Reap Lane, Portland DT5 - Image 1
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Reap Lane, Portland DT5

South West

£260,000
Listed on 13/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
918 sqft

Description

This two-bedroom detached bungalow offers a unique renovation opportunity in the sought-after location of Reap Lane on the Isle of Portland. Set close to local amenities and featuring level access, this property is complemented by a southerly facing garden, garage, and driveway for convenient off-road parking. The layout includes two spacious double bedrooms and two adaptable reception rooms that can be easily transformed into additional living space or a third bedroom if desired. A separate utility area enhances functionality, making it ideal for modern family living. Although the home is in need of significant updating, it presents an exciting chance for prospective buyers to inject their personal style and maximize value. This now vacant property is offered with no onward chain, providing flexibility in moving forward with any refurbishment projects. Upon entering, you are greeted by a porch that leads into a central hallway offering access to all main areas and loft storage potential. At the rear, the sitting room connects seamlessly with a conservatory that opens directly onto the sunny garden—perfect for leisure or gatherings. Adjacent lies a dining room that flows into a cottage-style kitchen equipped with fitted cabinets and work surfaces, leading to the practical utility area complete with necessary plumbing. Natural light floods both double bedrooms due to generous window placement. The family bathroom features essentials like a panelled bath and wash basin but may require modernisation to meet current standards. This property’s thoughtful design allows for versatile use while also providing ample potential for improvement.

Investment Analysis

(DT5 area)

Above Market Value

This property is priced +6.6% above area average per sq ft

+6.6%
This Property
£283/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£232
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£268,405
10% above area average per sq ft
Potential ROI
-9.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DT5)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -1.0%
5 year growth: 15.9%
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 DT5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£952
Based on a loan of £195,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE