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See how verdicts work1-bedroom bungalow · PO36 9QF
For saleListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom terrace bungalow located on the popular Merrie Gardens development. The bungalow has been renovated in recent times to include new bathroom and kitchen suites.
The property is heated by gas central heating via a combination boiler and has uPVC double glazed windows and doors.
Outside is off road parking to the front and to the rear is a patio style garden with a southerly aspect. Via a shared drive is a Garage En-bloc with additional parking.
Merrie Gardens is located toward the outskirts of Lake midway between the twin resorts of Sandown and Shanklin and is conveniently placed for two supermarkets.
The cliff path, coastal walks and safe sandy beaches are about one mile as is the main Town of Shanklin.
Nearby there is access to many miles of foot and bridle paths over the lovely countryside that surrounds the area.
The area is very popular for retirement and is quiet but not isolated and we would recommend an internal viewing which comprises: Enclosed Entrance Porch (1.52m x 1.22m (5' x 4')) Lounge (4.55m x 3.45m (14'11 x 11'4)) Kitchen/Diner (3.63m x 2.18m (11'11 x 7'2)) Inner Lobby With cupboard housing the Glow Worm gas fired boiler.
Ceiling hatch with ladder to attic space. Door to Garden Bedroom (3.30m x 2.72m (10'10 x 8'11)) Outside The the front there is a hardstanding for 1 car.
Shared driveway leading to the Garage (16'10 x 8'5) with up and over door with additional parking.
The rear Garden has a lovely southerly aspect is mainly laid to patio and shingle areas and enclosed by fencing. Gate at the rear of garden leading to the Garage.
Council Tax Band - B Services - All Mains Available Tenure - Freehold
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 17, Home Farm Close, Lake
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