Investment Opportunity – Two Adjoining Bungalows, Ryde, Isle of Wight
Tucked away in the Oakfield area of Ryde, down a private driveway just off Oakfield High Street, this unique site offers two adjoining bungalows set within generous grounds. Both properties are currently tenanted and provide a healthy rental return, making them an ideal turnkey investment.
Each bungalow benefits from its own private outdoor space, along with an allocated parking bay. Inside, the accommodation is well presented with modern fitted kitchens and contemporary bathrooms/shower rooms, ensuring a comfortable living environment for tenants. Beyond the individual gardens, the site features an extensive turf area, adding to the sense of space and potential.
With its strong rental performance and desirable setting close to local amenities and Ryde town, this is a ready-made opportunity for buy-to-let investors. Furthermore, the large grounds may offer scope for future redevelopment or alternative use, subject to the necessary planning consents from the Isle of Wight Council.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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