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4 bed semi-detached house
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Price History
Our Summary
- Potential To Increase Value
- An excellent investment opportunity positioned within the popular seaside town of Sandown on the Isle of Wight, benefiting from strong buyer and tenant demand driven by its coastal location, local amenities and excellent transport connections
- The property requires refurbishment and modernisation throughout, presenting buyers with the opportunity to add significant value
- Estimated refurbishment costs are approximately £20,000–£35,000, depending on specification and scope of works, with comparable refurbished properties within the Newport Road area and wider Sandown market achieving approximately £220,000–£260,000+
- With continued demand from both local residents and mainland relocators, alongside Sandown's appeal as a well-connected coastal town, the property offers strong potential for capital growth and attractive long-term investment returns
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Description
The property is a investment opportunity located in the seaside town of Sandown on the Isle of Wight. It has strong buyer and tenant demand due to its coastal location and excellent transport connections. The property requires refurbishment and modernisation throughout, with estimated costs of £20,000-£35,000.
Once refurbished, it is expected to achieve a value of approximately £220,000-£260,000. The property is approximately 6% to 8% yield on rental, based on comparable rentals of £900-£1,200 per calendar month.