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Newcomen Road, Lake, Isle Of Wight PO36 - Image 1
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Newcomen Road, Lake, Isle Of Wight PO36

South East

£229,000

Listed on 26/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This semi-detached house presents a promising investment opportunity for those looking to enhance their property portfolio. It features a separate one-bedroom lower ground floor flat, adding versatility to the layout. While the property requires modernisation to reach its full potential, it offers an appealing canvas for creative renovation. The house comprises a range of rooms, including three bedrooms and multiple living areas, making it suitable for families or tenants alike. The sizeable rear garden further enhances its appeal, offering outdoor space that could be developed into a relaxing retreat or garden area. Investors will appreciate the potential this property holds once renovations are completed.

Investment Analysis

(PO36 area)
Area Average
£278/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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 +4.6% over the last 12 months
3 year growth: -4.6%
5 year growth: +10.6%
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

Newcomen Road, Lake, Isle Of Wight PO36
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£817
Based on a loan of £171,750 over 30 years at 3.97% 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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