We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · PO40 9PL
For saleListed 53 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*chain free* Beautifully presented terraced bungalow situated on a private cul-de-sac just a stone’s throw from Colwell Bay.
The property comprises entrance hall, large open plan living space with modern kitchen, bathroom, and two good sized double bedrooms.
The rear garden is mostly patio, providing a low maintenance space with the benefit of a large garden outbuilding, fitted to a good standard and ideal for a multitude of uses as it benefits from lighting and electricity.
There is a small lawn to the front of the property and parking for two cars.
Coles Close is a private cul-de-sac accessed off Colwell Chine Road which enjoys a fantastic location just a moment away from the beautiful Colwell Bay, which boasts a sandy beach and popular waterside eatery 'The Hut'.
From here you can access miles of walks along the islands coastal path, westerly, towards Totland Bay and the iconic Needles Landmark, or easterly towards Yarmouth and Newtown Creek Nature Reserve.
The nearby villages of Freshwater and Totland provide a multitude of local shops and cafes, as well as a doctors surgery and sports centre.
The pretty harbour town of Yarmouth is a circa 5 minute drive, offering boutique shops and restaurants as well as a mainland link via car ferry to Lymington.
Tenure Freehold Council Tax Band C Entrance Hall Living/Kitchen 3.6m max x 7.67m - 11'10" max x 25'2" Bedroom 1 (3.02m x 3.48m) 9'11" x 11'5" Bedroom 2 (3.02m x 3.38m) 9'11" x 11'1" Bathroom (1.68m x 2.67m) 5'6" x 8'9" Outbuilding (5.77m x 3.33m) 18'11" x 10'11" Nb.
Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 plus VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our obligations as agreed with hmrc and includes mover protection insurance to protect against the cost of an abortive purchase.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About 7, Coles Close, Isle of Wight
Explore nearby