CHAIN FREE * LAKE
By The Wright Estate Agency
£ 275,000
Reviews
3 out of 5 stars
The Wright Estate Agency says ..
This detached bungalow is located in a quiet cul-de-sac on the popular Merrie Gardens estate. Several local supermarkets and bus stops with a regular service to Shanklin and Sandown are all within easy walking distance. The accommodation comprises 2 bedrooms, lounge/dining room, separat...
Property Oracle says ..
This property is a 2-bedroom, 1-bathroom detached bungalow located in Lake, Isle of Wight. The property benefits from being on the Merrie Gardens estate, within walking distance of local supermarkets and bus routes to Shanklin and Sandown. While the photos show a property that is habitable, some updating may be needed to bring it to modern standards. The property includes a garden, a valuable asset in this location. However, the plot size is listed as 0.00 sqft which may need clarification. The list price of £275,000 is slightly below the average price of £312,000 for the area, but the average sqft price of £252 is significantly higher than what this property offers, given its size. Nearby similar properties are listed between £264,500 and £295,000, making this property competitively priced, although further information on the exact square footage is needed to fully assess its value.
Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 8
- Land
- 7
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 610.00
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 %
- Est sale value
- 264,130.00 £Increased by 65.90 %
- Average area rental value
- 1,300.00 £/moDecreased by 23.48 %
- Est letting value
- 610.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.62 %Decreased by 27.16 %
- Crime Rate
- 23.00 %Unchanged by 0.00 %
Agent Activity
The Wright Estate Agency created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Broadlea Primary School | Community School | Good | 0.32 KM |
| Gatten And Lake Primary School | Community School | Good | 0.75 KM |
| St Blasius Shanklin Cofe Primary Academy | Academy Sponsor Led | Good | 1.85 KM |
| The Bays Children'S Centre | Children's Centre | 1.90 KM | |
| The Bay Church Of England School | Voluntary Controlled School | Good | 2.37 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Plover Close | £ 275,000 | 0 | 0.00 KM |
| Home Farm Close | £ 0 | 0 | 0.00 KM |
| Deans Close | £ 240,000 | 0 | 0.00 KM |
| Royal Close | £ 260,000 | 0 | 0.00 KM |
| Lea Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lake | 5504 | LKE | 1.20 KM |
| Shanklin | 5529 | SHN | 1.30 KM |
| Sandown | 5525 | SAN | 2.08 KM |
| Brading | 5530 | BDN | 5.62 KM |
| Smallbrook Junction | 5494 | SAB | 7.75 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| CHAIN FREE * LAKE | £ 275,000 | BUY | 7 / 10 | 0.00 KM |
| CHAIN FREE * LAKE | £ 280,000 | BUY | 6 / 10 | 0.06 KM |
| CHAIN FREE * LAKE | £ 275,000 | BUY | Unknown | 0.07 KM |
| Woodhall Drive, Lake, Isle of Wight | £ 280,000 | BUY | 7 / 10 | 0.07 KM |
| Woodhall Drive, Lake, Isle of Wight | £ 185,500 | BUY | Unknown | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 19 Ashey View | £ 150,000 | 0.02 KM |
| 3 Ashey View | £ 202,000 | 0.02 KM |
| 11 Ashey View | £ 323,500 | 0.02 KM |
| 4 Ashey View | £ 183,000 | 0.02 KM |
| 1 Ashey View | £ 219,950 | 0.02 KM |