IDEAL FAMILY HOME * LAKE
TH

IDEAL FAMILY HOME * LAKE

By The Wright Estate Agency

£ 310,000

Reviews

3 out of 5 stars

The Wright Estate Agency says ..

This fantastic detached home is located towards the bottom of Merrie Gardens, a very popular estate of houses and bungalows, just a short walk from 2 supermarkets, a popular primary school, and bus stops providing a regular service between Shanklin and Sandown. The local train station with direct...

Property Oracle says ..

This four-bedroom, one-bathroom house is located in Lake South on the Isle of Wight, England. The property is situated on Merrie Gardens, described as a popular residential area convenient to amenities like supermarkets and a primary school. Public transport is also readily accessible, with several bus routes and train stations within walking distance. The property itself appears to be a detached house, with a small garden visible in the photos.

The interior photos reveal a somewhat dated aesthetic, with the decor and furnishings appearing to be in need of an update. While clean and seemingly well-maintained, the condition of the property is not in pristine condition. Some rooms may benefit from modernisation and decluttering to enhance its overall appeal and market value. There is also a lack of precise details on the overall square footage, which would help in providing a more comprehensive valuation. The presence of a small garden is a positive attribute but this is a modest garden and not large or particularly well-landscaped.

The asking price is in line with other similar properties on the Merrie Gardens estate. However, without precise square footage and land information, it’s difficult to fully analyze the value per square foot to provide an accurate valuation comparison. The nearby properties with available information demonstrate a range of prices, suggesting that the list price reflects the current market conditions in the immediate area.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
4
Bathrooms
1
Sqft (est)
1,000.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
431,250.00 £
Increased by 5.19 %
from 409,967.00 £
Est sale value
433,000.00 £
Increased by 65.90 %
from 261,000.00 £
Average area rental value
1,300.00 £/mo
Decreased by 23.48 %
from 1,699.00 £/mo
Est letting value
1,000.00 £/mo
Unchanged by 0.00 %
from 1,000.00 £/mo
Est rental Yield
3.62 %
Decreased by 27.16 %
from 4.97 %
Crime Rate
24.00 %
Unchanged by 0.00 %
from 24.00 %

Agent Activity

  • The Wright Estate Agency created the listing.

Nearby Schools

NameTypeOfstedDistance
Broadlea Primary SchoolCommunity SchoolGood0.45 KM
Gatten And Lake Primary SchoolCommunity SchoolGood0.81 KM
St Blasius Shanklin Cofe Primary AcademyAcademy Sponsor LedGood1.77 KM
The Bays Children'S CentreChildren's Centre2.03 KM
The Bay Church Of England SchoolVoluntary Controlled SchoolGood2.52 KM

Images

resizedLounge2.jpg resizedBed2.jpg resizedBathroom.jpg resizedDiner1.jpg resizedKitchen1.jpg resizedDiner2.jpg resizedMain1.jpg resizedGarden3.jpg resizedBed1.jpg resizedBed3.jpg resizedBed4.jpg resizedDriveway.jpg resizedGarden2.jpg resizedLounge1.jpg resizedNEWBed1.jpg resizedNEWBed3.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Home Farm Close £ 000.00 KM
Plover Close £ 275,00000.00 KM
Royal Close £ 260,00000.00 KM
Deans Close £ 240,00000.00 KM
Lea Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Shanklin5529SHN1.24 KM
Lake5504LKE1.36 KM
Sandown5525SAN2.23 KM
Brading5530BDN5.76 KM
Smallbrook Junction5494SAB7.84 KM

Nearby Listings

AddressPriceTypeScoreDistance
IDEAL FAMILY HOME * LAKE £ 310,000BUY6 / 100.00 KM
Blackpan Close, Sandown, Isle of Wight £ 182,000BUY7 / 100.09 KM
Blackpan Close, Sandown, Isle of Wight £ 275,000BUY6 / 100.09 KM
CHAIN FREE * LAKE £ 275,000BUYUnknown0.12 KM
Lake * Chain Free £ 265,000BUY6 / 100.14 KM

Nearby Properties

AddressPriceDistance
1 Merrie Gardens £ 132,0000.03 KM
9 Merrie Gardens £ 205,0000.03 KM
5 Merrie Gardens £ 235,0000.03 KM
7 Merrie Gardens £ 181,0000.03 KM
12 Merrie Gardens £ 177,5000.06 KM