3-bedroom bungalow · PO36 8PQ
Listing removedListed 527 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A semi-detached chalet bungalow that is well located in a popular residential area and offering convenient access to the twin seaside resort towns of Sandown and Shanklin and also within close proximity of local shops at Lake, railway station and cliff walks with path to the beach.
The property, which is warmed by gas fired central heating benefits from replacement uPVC double glazed windows, driveway parking and a tranquil enclosed, west facing garden to the rear.
The property is offered with no onward chain and should be viewed internally to be fully appreciated.
It comprises: Ground Floor Recessed Entrance With Front Door to Entrance Hall Lounge/Diner (6.22m max x 3.61m max (20'5 max x 11'10 max )) With French Doors to rear garden.
Kitchen (3.38m x 2.69m (11'1 x 8'10)) With wall hung gas fired Valliant boiler. Opening to Lobby Area With cloakroom off.
Bedroom 1 (3.45m x 3.35m into wardrobe (11'3" x 10'11" into w) Fitted wardrobes. Vanity wash basin unit. Bedroom 2 (3.33m x 3.35m max (10'11 x 11 max )) With wash basin and easy access shower.
Dining Room (3.05m 2.13m x 3.18m (10' 7 x 10'5)) With stairs leading to First Floor Landing Bedroom 3 (3.30m x 2.67m exc of dormer window (10'10 x 8'9 ex) Bathroom/Wc Outside There is driveway parking for two cars and to the rear there is a super enclosed, west facing garden being mainly laid to lawn with a patio and flower borders.
Summer house and shed. Services All mains are available. Tenure Freehold.
Council Tax Band C Nb: Under the Estate Agents Act 1989 we hereby formally disclose that one of the co-vendors is an employee of Arthur Wheeler Estate Agents Ltd.
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
FAQ
About 3, Heath Gardens, Lake
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