2-bedroom detached house · PO30 2JE
For saleListed 195 days
Opportunity summary
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About
Offered chain-free, this detached bungalow is situated in pleasant open surroundings. The well presented property benefits from a new, ergonomically designed kitchen.
New appliances include ceramic hob, electric oven and washing machine. Draw and cupboard units allow plenty of storage space for cutlery, crockery and cleaning items.
On the opposite wall a substantial larder cupboard is ideal for storing packaged food items. The large alcove adjacent, has a conveniently recessed power socket and would suit a fridge freezer.
The property has been fully redecorated and includes all new floor coverings and modern, low power consumption l.e.d lighting.
The consumer unit has been replaced and the electric circuits checked and certified by a qualified electrician.
The boiler heats the hot water and thermostatically controlled radiators, with TRVs in the hallway and bedrooms.
The central roof space has been fully boarded for use as a large storage area, and a good quality wooden attic ladder and hatch installed.
There is an electrical socket in the loft, with two l.e.d lights. Frontages in the road are open plan, giving a spacious feel to the area. A large grassed communal space is virtually opposite.
To the rear of the property a well-sized garden is laid to lawn. From the kitchen window the view is towards the Medina valley.
The front garden enjoys early morning sun, with the rear garden becoming sunny later in the day. Alongside the adjacent property is a garage block, the second garage of which belongs to this property.
Regular nearby bus services link to Newport, Ryde and Sandown. Covered Entrance Porch with double glazed front door and side screen to: Entrance Hall - Radiator. Electric and gas meter cupboard.
Loft access and drop down steps to loft storage space and lighting. Lounge/Diner - 5.16m x 2.95m (16'11" x 9'8") - Double glazed side window and rear window overlooking the garden. Radiator.
Door to: Kitchen - 2.08m x 3.23m (6'10" x 10'7") - Newly refurbished. Double glazed windows and side door to Gardens. Bedroom Two - 2.64m x 2.62m (8'8" x 8'7") - Double glazed window. Radiator.
Bedroom One - 2.97m x 3.58m (9'9" x 11'9") - Double glazed window. Radiator. Bathroom - Panelled bath. Pedestal wash basin and low level WC. Double glazed window. Radiator.
Airing cupboard housing Glow worm gas boiler. Outside - Open plan front garden laid to lawn. Good size rear garden laid to lawn. Garage in block close by. Tenure - This property is Freehold.
Council tax band C.
Value & comps
No previous sales on record.
Returns
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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.
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About Fairmount Drive, Newport
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