3-bedroom bungalow · PO30 2EP
Listing removedListed 51 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious 3 bedroom detached bungalow with a large attic room. Good size rooms and manageable garden. Close to bus routes, the local town, park and schools.
The accommodation with approximate measurements comprises: Hallway Large storage cupboard with hanging space. Airing cupboard with shelving. Radiator.
Doors to: Lounge 4.85 m x 3.77 m (15'11" x 12'4") Double glazed window to rear aspect. Radiator. Door to: Kitchen 6.13 m x 2.80 m (20'1" x 9'2") Fully fitted with matching wall, base and drawer units.
Mid level electric oven. Gas hob. Stainless steel sink and drainer. Space for appliances. Double glazed windows to both front, side and rear aspects. Double glazed door to side aspect.
Bedroom 3.95 m x 3.01 m (13'0" x 9'11") Double glazed window to front aspect. Radiator. Door to: Bedroom 3.61 m x 2.99 m (11'10" x 9'10") Double glazed window to front aspect. Radiator.
Bedroom 4.09 m x 3.72 m (13'5" x 12'2") Double glazed window to rear aspect. Radiator. Step down to utility room. Utility room 3.26 m x 2.42 m (10'8" x 7'11") Radiator.
Double glazed window to rear aspect. Door to Garage. Bathroom 2.19 m x 1.79 m (7'2" x 5'10") Hand basin and vanity unit. Low level WC. Bath with glass screen. Heated towel rail. Tiled walls.
Garage 5.00 m x 3.16 m (16'5" x 10'4") Up and over door. Consumer unit. Steps up to: Loft room 3 velux windows. A good selection of eaves storage. Electric heater.
Walk in eaves cupboard housing the Wall hung boiler. Outside Front: Mainly laid to lawn with ample parking and drive in drive out entrance. Mature plants and shrubs.
Gates to either side of the property and leading to the rear garden. Rear: Mainly laid to lawn.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Fairlee Road, Newport, Isle of Wight
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