3-bedroom bungalow · PO30 1XP
For saleReduced £90k (−17%) on 15 OctListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market chain free, this three bedroom detached split level bungalow presents an exciting opportunity for buyers seeking a home they can modernise and tailor to their own tastes.
Situated on the highly regarded Watergate Road, the property is likely to appeal to families, downsizers and those looking to create a long-term home in one of Newport's most desirable residential locations.
The accommodation includes two reception rooms, providing a bright and flexible layout with dedicated spaces for relaxing, entertaining and family life.
The separate kitchen enjoys plenty of natural light and offers excellent potential for redesign and enhancement.
To the rear, a generous lawned garden is planted with mature trees and shrubs, creating a private outdoor space ideal for children, gardening enthusiasts or summer gatherings.
The property is screened from the road by double opening wooden gates, which lead to a driveway and garage, offering ample parking and storage.
Watergate Road enjoys a convenient position within easy reach of Newport's bustling town centre, where a wide range of shops, supermarkets, cafés, restaurants and everyday amenities can be found.
Families are particularly well served by a selection of highly regarded schools nearby, including primary and secondary education options within easy walking and cycling distance, making the location especially attractive for those with children of all ages.
For those who enjoy an active lifestyle, attractive walking and cycling routes can be accessed nearby, with easy connections to the riverside, local parks and the surrounding countryside.
Newport's central location also makes it an excellent base for exploring the wider Island. Excellent transport links further enhance the property's appeal.
Newport bus station provides regular services across the Island, including routes to Ryde, Cowes, Sandown and Shanklin.
For mainland commuters and travellers, ferry terminals at Cowes, East Cowes and Fishbourne offer convenient crossings to Southampton and Portsmouth, providing onward rail connections to London and beyond.
Lounge (5.75m x 3.72m) Dining Room (3.24m x 3.27m) Kitchen (3.83m x 3.24m) Shower Room (2.68m x 1.39m) Bedroom 1 (4.85m x 3.6m) Bedroom 2 (2.99m x 3.64m) Bedroom 3 (3.25m x 4.43m) Bathroom (2.09m x 3.24m) Heating Gas central heating to a radiator system supplied by the wall mounted Worcester gas boiler.
Outside Double opening gates lead to the driveway which provides off road parking for several cars and leads to the garage. Good size mature garden to the rear.
Tenure Freehold Council Tax Band E 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 21, Watergate Road, Isle of Wight
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