Auction

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Auction

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2 bed house for sale Cross Road, Lake, PO36

Guide Price

£140,000

Added on 29/09/2026

For sale by auction

Type: Semi-detached
Bedrooms: 2
Bathrooms: 2
Size: £108 per sq ft
Tenure: Freehold

Council tax Band B £2,042 a year

Key features

Great investment opportunity with potential to modernise
Cash Buyers only
Walking distance to local amenities and transport links
For sale by Modern Auction -T & C's apply
Subject to an undisclosed Reserve price, Buyer's fee's apply.
Above-average EPC energy efficiency rating C (75/82)

About this property

Calling all investors!!

This semi-detached house is tucked away in Lake and offers an abundance of space both inside and out including a garage. There are multiple living spaces, and it is a great project for someone not afraid of DIY! Open to cash buyers only due to the construction.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

Floorplan

Council tax

Band B £2,042 a year

Per year

Band A

£1,751
Band B

This home: £2,042
Band C

£2,334
Band D

£2,626
Band E

£3,209
Band F

£3,793
Band G

£4,376
Band H

£5,252

This home is in band B, which costs £2,042 a year in Isle of Wight for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Isle of Wight, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

This home

£108 / sq ft

Area average (sold)

£281 / sq ft

Price per area, sold homes nearby

£173 / sq ft

£108 / sq ft

£388 / sq ft

Lowest

This home

Highest

£108 per sq ft, below almost all recent sales in PO36 (£173–£388, 10th–90th percentile, 407 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 407 homes sold in PO36 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in PO36 →

Location

Cross Road, Lake, PO36

Open map Street View

Mortgage and stamp duty

Property price £140,000

£70k £210k

Deposit10% £14,000

£0 £140k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £126,000 mortgage. Most lenders would want a household income of about £28,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Chestnut Cottage, Cross Road Detached	Detached	Aug 2011	n/a	n/a	n/a	£230,000
2, Ivy Cottages, Cross Road Semi-detached	Semi-detached	Feb 2008	797 sq ft £182/sq ft	797 sq ft	£182	£145,000
Chestnut Cottage, Cross Road Detached	Detached	Jan 2007	n/a	n/a	n/a	£240,000
4, Cross Road Detached	Detached	Aug 2005	n/a	n/a	n/a	£226,000
1, Ivy Cottage, Cross Road Semi-detached	Semi-detached	Jul 1996	1,292 sq ft	1,292 sq ft	n/a	£35,000