2-bedroom bungalow · PO39 0DA
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*chain free* Beautifully presented two bedroom property situated within a collection of modern holiday homes.
Neutrally decorated throughout, the cottage comprises entrance hall, two double bedrooms, shower room, kitchen, and open plan living/dining area.
French doors lead from the lounge to a low maintenance seating area, and to the rear of the property is a private patio complete with a hot tub.
The property benefits from an allocated parking space with further parking available on site.
Resort amenities include a swimming pool, soft play area and coffee house, whilst superb local restaurants 'The Hut' at Colwell Bay, and 'The Waterfront' at Totland Bay are within walking distance.
The stunning sandy beach at Colwell Bay is popular with swimmers and paddle-boarders.
The village of Freshwater is a short drive away and provides a host of amenities including shops, cafes and leisure centre, whilst the pretty harbour town of Yarmouth is just a circa 7-minute drive, hosting a range of boutique shops and eateries, as well as a mainland link via car ferry to Lymington.
Tenure Leasehold. 992 Years Remaining. Service Charge - £2543.39 which includes water, insurance, swimming pool charges and upkeep of communal areas.
Hall Open Plan Living (5.33m x 5.56m) Bedroom One (2.5m x 3.58m) Bedroom Two (3m x 2.44m) Shower Room (1.9m x 2.57m) 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
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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 No. 3 The Bay Cottages,, Fort Warden Road, Isle of Wight
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