Worst House on the Street Logo
Calbourne, Isle of Wight - Image 1
Calbourne, Isle of Wight - Image 2
Calbourne, Isle of Wight - Image 3
Calbourne, Isle of Wight - Image 4
Calbourne, Isle of Wight - Image 5

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 a sizable ring-fenced farm, covering nearly 98 acres within an Area of Outstanding Natural Beauty. The main offering is a three-bedroom bungalow accompanied by an extensive array of farm buildings and 92 acres of primarily productive agricultural land. The bungalow has undergone some enhancements, including UPVC double glazing and partial re-roofing completed around 2015, though it retains a rural charm. The spacious layout features a sitting room with a wood-burning stove, a kitchen/breakfast room overlooking the garden, and three bedrooms that provide ample living space. An attractive garden extends down to the Caul Bourne stream at the rear, adding to the overall appeal of the residence. Of particular interest are the various outbuildings on the property. The former dairy facilities and several additional barns present significant renovation potential, especially for those considering alternative usage through change-of-use applications. The presence of older structures may also allow for residential conversion opportunities, subject to planning approvals. The land itself is largely classified as grade 3 under MAFF guidelines and comprises good-quality grassland with sections suitable for alternate cropping. The gently undulating terrain includes areas of mature woodland which not only enhance the natural beauty but could also serve as diversification avenues for future owners. Further investment potential exists with an additional lot available—approximately 5.39 acres of field land with prominent road frontage on B3401. This extra parcel provides advantageous options for future development or agricultural use. Located just west of Calbourne village, this farm enjoys both rural tranquility and accessibility to nearby amenities. Rights of way cross parts of the land, which may present additional considerations for prospective buyers regarding access and usage. This property represents not only a serene living environment but also an opportunity for strategic renovations and investments in agricultural or residential development within a picturesque setting.

Investment Analysis

(PO30 area)
Area Average
£274/sq ft
Avg Rent (weekly)
£240
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PO30)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 1.5%
5 year growth: 11.8%
Investment Disclaimer: Analysis based on PO30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,579
Based on a loan of £937,500 over 30 years at 4.19% interest

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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE