We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · PO38 2BJ
Sold STCReduced £20k (−7.3%) on 26 OctListed 268 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away in the ever-popular Greenlydd Close in the heart of Niton, this detached two-bedroom bungalow offers generous internal space.
The accommodation includes an entrance hall leading to two well-proportioned double bedrooms, a spacious living/dining room, a separate kitchen in need of modernisation, and a convenient shower room.
To the rear, a bright and airy conservatory offers an additional reception area, perfect for relaxing or enjoying views over the garden.
Outside, the bungalow benefits from a good-size garden, laid mostly to lawn.
There is also access to a converted garage, now arranged as two useful workshop/storage rooms – offering excellent potential for hobbies, a home office, or additional storage.
Driveway parking is also included.
Niton is a highly sought-after village on the southern tip of the Isle of Wight, known for its close-knit community, charming countryside walks, and proximity to the coastline.
The village offers a range of local amenities including a convenience store, post office, GP surgery, popular pub, and a primary school – all within easy reach of the property.
Living Room 5.97m x 3.6m Conservatory 4.98m x 2.9m Kitchen 2.92m x 2.44m Bedroom 1 3.66m x 3.6m Bedroom 2 3.43m x 2.9m Workshop / Store 2.67m x 2.51m Workshop / Store 2 2.57m x 2.26m Tenure Freehold NB Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 inc. 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

FAQ
About Greenlydd Close, Niton, Ventnor
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