Merrie Gardens, Lake, Isle of Wight
By Pittis
£ 265,000
Reviews
3 out of 5 stars
Pittis says ..
OPEN HOUSE THIS SATURDAY (15TH MARCH) - by appointment only. Chain Free! This modern bungalow is situated at the top of the ever-popular Merrie Gardens estate and therefore enjoys some fine countryside views. The bungalow has been extended to the rear of the garage to provide an extra bedroom and...
Property Oracle says ..
This property is a detached bungalow situated in Lake, Isle of Wight. The location benefits from being close to local amenities and transport links, including Lake train station, which is approximately 0.97km away. There are also several well-regarded primary schools within a short distance, such as Broadlea Primary School (0.16km) and Gatten And Lake Primary School (0.77km), both rated as ‘Good’ by Ofsted. The property itself appears to be in reasonable condition, although some modernisation may be desirable to enhance its appeal. The images suggest a small garden, adding to its overall value. While the property is listed at £265,000, the average price for similar properties in the area is £312,000. Considering the condition, location, and available land, the listed price appears to be slightly below the average, making it potentially a good value purchase. However, the lack of square footage data prevents a precise price-per-square-foot comparison.
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
- 8
- Land
- 6
- Bedrooms
- 2
- Bathrooms
- 1
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Metrics Year-on-Year
- Average area value
- 431,250.00 £Increased by 5.19 %
- Average area rental value
- 1,300.00 £/moDecreased by 23.48 %
- Est rental Yield
- 3.62 %Decreased by 27.16 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
Pittis created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Broadlea Primary School | Community School | Good | 0.16 KM |
| Gatten And Lake Primary School | Community School | Good | 0.77 KM |
| The Bays Children'S Centre | Children's Centre | 1.68 KM | |
| St Blasius Shanklin Cofe Primary Academy | Academy Sponsor Led | Good | 2.02 KM |
| The Bay Church Of England School | Voluntary Controlled School | Good | 2.13 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Plover Close | £ 275,000 | 0 | 0.00 KM |
| Deans Close | £ 240,000 | 0 | 0.00 KM |
| Home Farm Close | £ 0 | 0 | 0.00 KM |
| Lea Road | £ 0 | 0 | 0.00 KM |
| Royal Close | £ 260,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lake | 5504 | LKE | 0.97 KM |
| Shanklin | 5529 | SHN | 1.46 KM |
| Sandown | 5525 | SAN | 1.85 KM |
| Brading | 5530 | BDN | 5.39 KM |
| Smallbrook Junction | 5494 | SAB | 7.59 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Merrie Gardens, Lake, Isle of Wight | £ 280,000 | BUY | 6 / 10 | 0.00 KM |
| Merrie Gardens, Lake, Isle of Wight | £ 265,000 | BUY | 6 / 10 | 0.00 KM |
| Merrie Gardens, Lake, Isle of Wight | £ 185,500 | BUY | 6 / 10 | 0.00 KM |
| CHAIN FREE * LAKE | £ 275,000 | BUY | 6 / 10 | 0.18 KM |
| Merrie Gardens, Lake | £ 315,000 | BUY | 7 / 10 | 0.19 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 75 Merrie Gardens | £ 157,000 | 0.01 KM |
| 48 Merrie Gardens | £ 207,500 | 0.01 KM |
| 76 Merrie Gardens | £ 222,500 | 0.01 KM |
| 71 Merrie Gardens | £ 185,000 | 0.01 KM |
| 64 Merrie Gardens | £ 210,000 | 0.01 KM |