Auction

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Auction

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2 bed house for sale Redlake Road, Freshwater, PO40

Guide Price

£200,000

Reduced on 20/10/2026

For sale by auction

Type: Bungalow
Bedrooms: 2
Bathrooms: 1
Size: £211 per sq ft
Tenure: Freehold

Council tax Band C £2,334 a year

Key features

Link detached bungalow with extension to rear
Landscaped garden
Well preserved & economical, including 10 solar panels
For sale by Modern Auction Method. T&C's apply
Subject to an undisclosed reserve price. Buyer's fees apply
Above-average EPC energy efficiency rating B (85/92)

About this property

On the fringe of the village this bungalow has everything from a garage and driveway to a fifteen kitchen and rear extension; with homely presentation and easy access to transport links. For sale by Modern Auction Method. T&C's apply. Subject to an undisclosed reserve price. Buyer's fees apply.

AUCTIONEER'S COMMENTS

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

Floorplan

Council tax

Band C £2,334 a year

Per year

Band A

£1,751
Band B

£2,042
Band C

This home: £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 C, which costs £2,334 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

£211 / sq ft

Area average (sold)

£304 / sq ft

Price per area, sold homes nearby

£188 / sq ft

£211 / sq ft

£440 / sq ft

Lowest

This home

Highest

£211 per sq ft, below the middle of recent sales in PO40 (£188–£440, 10th–90th percentile, 122 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 122 homes sold in PO40 over the last 24 months. This home's figure uses its asking price.

Location

Redlake Road, Freshwater, PO40

Open map Street View

Mortgage and stamp duty

Property price £200,000

£100k £300k

Deposit10% £20,000

£0 £200k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £180,000 mortgage. Most lenders would want a household income of about £40,000 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
2, Redlake Road Detached	Detached	Sept 2025	840 sq ft £411/sq ft	840 sq ft	£411	£345,000
14, Redlake Road Detached	Detached	Oct 2024	926 sq ft £272/sq ft	926 sq ft	£272	£252,000
10, Redlake Road Detached	Detached	Aug 2022	753 sq ft £445/sq ft	753 sq ft	£445	£335,000
2, Redlake Road Detached	Detached	Apr 2022	840 sq ft £345/sq ft	840 sq ft	£345	£290,000
2, Redlake Road Detached	Detached	Sept 2021	840 sq ft £333/sq ft	840 sq ft	£333	£280,000
13, Redlake Road Semi-detached	Semi-detached	Sept 2021	743 sq ft £323/sq ft	743 sq ft	£323	£240,000
20, Redlake Road Detached	Detached	Apr 2021	646 sq ft £387/sq ft	646 sq ft	£387	£250,000
6, Redlake Road Semi-detached	Semi-detached	Jan 2021	560 sq ft £447/sq ft	560 sq ft	£447	£250,000