Merrie Gardens, Lake, Isle of Wight
PI

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

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 £
Average area rental value
1,300.00 £/mo
Decreased by 23.48 %
from 1,699.00 £/mo
Est rental Yield
3.62 %
Decreased by 27.16 %
from 4.97 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Pittis created the listing.

Nearby Schools

NameTypeOfstedDistance
Broadlea Primary SchoolCommunity SchoolGood0.16 KM
Gatten And Lake Primary SchoolCommunity SchoolGood0.77 KM
The Bays Children'S CentreChildren's Centre1.68 KM
St Blasius Shanklin Cofe Primary AcademyAcademy Sponsor LedGood2.02 KM
The Bay Church Of England SchoolVoluntary Controlled SchoolGood2.13 KM

Images

Front Aspect Lounge Kitchen Conservatory Lounge Bedroom 1 Bedroom 2 Wet Room

Nearby Streets

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

Nearby Transport

NameNLCTLCDistance
Lake5504LKE0.97 KM
Shanklin5529SHN1.46 KM
Sandown5525SAN1.85 KM
Brading5530BDN5.39 KM
Smallbrook Junction5494SAB7.59 KM

Nearby Listings

AddressPriceTypeScoreDistance
Merrie Gardens, Lake, Isle of Wight £ 280,000BUY6 / 100.00 KM
Merrie Gardens, Lake, Isle of Wight £ 265,000BUY6 / 100.00 KM
Merrie Gardens, Lake, Isle of Wight £ 185,500BUY6 / 100.00 KM
CHAIN FREE * LAKE £ 275,000BUY6 / 100.18 KM
Merrie Gardens, Lake £ 315,000BUY7 / 100.19 KM

Nearby Properties

AddressPriceDistance
75 Merrie Gardens £ 157,0000.01 KM
48 Merrie Gardens £ 207,5000.01 KM
76 Merrie Gardens £ 222,5000.01 KM
71 Merrie Gardens £ 185,0000.01 KM
64 Merrie Gardens £ 210,0000.01 KM