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Calbourne, Isle of Wight

South East

£1,250,000
Listed on 08/01/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This property encompasses approximately 98 acres of land, including a three-bedroom bungalow and a variety of farm buildings, all situated in a designated Area of Outstanding Natural Beauty, just west of Calbourne. The expansive landholdings consist primarily of productive agricultural fields, complemented by areas of mature woodland, providing a serene and picturesque backdrop for potential development. The bungalow itself is positioned on a generous garden plot and benefits from recent renovations such as UPVC double glazing and partial roofing updates from around 2015. Despite its agricultural occupancy condition, the home offers light-filled spaces with the possibility for further modernization. The layout features a spacious sitting room with a wood-burning stove, a kitchen/breakfast room that overlooks the garden, and three sizable bedrooms. An extensive range of farm buildings enhances this property’s investment potential. The former dairy structures provide ample space for various uses and may be eligible for change-of-use conversions subject to planning approval. Additionally, an older derelict barn presents further opportunities for residential transformation or alternative applications. The land itself is largely classified as grade 3 according to MAFF standards and includes about 73 acres devoted to grass leys along with approximately 16 acres of mature woodland. This gently undulating terrain not only supports current agricultural practices but also allows for diversification into alternative cropping options. There's notable access to the main road via direct frontages to two fields west of the farm, enhancing visibility and accessibility for any future developments or agricultural ventures. Overall, this property represents a unique opportunity for investors looking to capitalize on its existing infrastructure while exploring various paths for enhancement or expansion in this idyllic setting.

Investment Analysis

(PO30 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£228
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£125,000 - £312,500
10-25% of property value
Monthly Sales
26
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PO30)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 4.2%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on PO30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Calbourne, Isle of Wight
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