Lake is named after the Old English “Lacu” referring to the creek that ran along, and has been artificially widened into what is now Scotchells Brook, which is between the Isle of Wight Airport, the Morrisons Superstore and the Spithead Industrial Park.
Lake has excellent communications and easy to find and get to. The Island Line Train has a stop in Lake, close to where the main shops can be found.
The high street that runs through Lake has not changed much since the early 20th century. However, the village war memorial, constructed in 1920, has been relocated behind the Fairway Bus Shelter due to having been run down twice by carelessly driven lorries. The thatched cottage at Merrie Gardens dates from the 17th century and is the oldest surviving building in Lake.