2-bedroom bungalow · PO40 9DD
For saleListed 48 days
Opportunity summary
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About
Notice Of Offer Property Address: 1 Redlake Road, Freshwater, Isle of Wight PO40 9DD. We advise that an offer has been made for the above property in the sum of £225,000.
Any persons wishing to increase on this offer should notify the agents of their best offer prior to exchange of contracts.
Agents Address: Hose Rhodes Dickson, Shirley House, Avenue Road, Freshwater, PO40 9UR Agents Telephone Number: *chain free* Detached bungalow in need of modernisation, located in a popular residential area on the outskirts of Freshwater.
Offering generous living space comprising entrance hall, living room, two double bedrooms, a further living/dining space, kitchen, and family bathroom.
Externally, there is a wraparound garden mostly laid to lawn with decking areas, and driveway, as well as an attached garage.
Redlake Road is ideally situated for country walks along the river Yar, and just a short distance from the popular local pub 'The Red Lion'.
The village of Freshwater is within walking distance or a short drive away, and provides an array of local shops and cafes, as well as a sports centre and library.
The pretty harbour town of Yarmouth is also within a short drive and boasts boutique shops and restaurants as well as a mainland link via car ferry to Lymington.
The West Wight is home to three beautiful beaches: Freshwater Bay, Colwell Bay, and Totland Bay, all within a 10 minute drive, as well as beautiful coastal and downland walking routes.
Tenure Freehold Council Tax Band C Porch Hall (3.89m x 1.24m) 12'9" x 4'1" Lounge (4.7m x 3.58m) 15'5" x 11'9" Dining Room (2.82m x 3.43m) 9'3" x 11'3" Kitchen (2.57m x 4.67m) 8'5" x 15'4" Bedroom 1 (3.4m x 3.35m) 11'2" x 11' Bedroom 2 (3.28m x 2.95m) 10'9" x 9'8" Bathroom (1.9m x 1.68m) 6'3" x 5'6" 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 1, Redlake Road, Isle of Wight
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