2-bedroom bungalow · PO30 2DH
For saleReduced £20k (−7.1%) on 21 JunListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Quietly tucked away on the edge of a popular residential estate on the outskirts of Newport is extended detached bungalow that offers 2 bedrooms & flexible accommodation throughout.
Due to backing on to fields you get a real feeling of space as the property isn't overlooked and benefits from generous front, rear gardens that make this ideal for a young family, especially with local schools & bus routes all within a short walk.
Internally the accommodation comprises; spacious entrance with storage, open plan kitchen/diner with wood burner & well-equipped kitchen, family bathroom and double bedrooms.
To the side of the property a driveway provides off road parking for 2 vehicles. This property provides flat access in to the kitchen whilst a garage is ideal for extra storage or parking.
The rear garden is generous in size and has excellent versatility for a patio for entertaining, decent sized lawn for the kids to play as well as excellent potential to the side for vegetable patches or raised flower beds.
We highly recommend viewing to fully appreciate the size of the accommodation on offer - all within easy access of Newport's many amenities!
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
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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
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FAQ
About 38, Mayfield Drive, Isle of Wight
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