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Gurnard, Isle of Wight

South East

£595,000

Listed on 17/04/2024

Property Details

Bedrooms
3
Type
Property With Land
Area
3700 sqft

Description

Presenting a unique opportunity to acquire a spacious 3.2-acre parcel of land with planning permission in place for a modern two-storey residence, offering sweeping views over Thorness Bay and The Solent. Nestled in a tranquil, rural setting adjacent to the desirable village of Gurnard, this plot is characterized by its natural beauty, featuring mature woodland and vibrant wildflowers. The approved design encompasses approximately 350 square meters of living space, thoughtfully crafted to optimize the stunning vistas from each room. The upper ground floor layout includes an expansive open-plan living area with kitchen and dining spaces, ensuring a seamless connection to the outdoor surroundings. Added conveniences such as a snug, study, laundry room, and luxurious principal suite elevate the living experience. The lower ground floor hosts additional bedrooms with en-suites and dedicated utility/storage areas. A charming Scandi-style cabin enhances the property’s appeal, currently designed as an open-plan retreat with essential amenities and sea views—a perfect space for guests or personal retreat. With all necessary services in place including mains power, water, and a new drainage system already installed, this site is primed for development. Located within walking distance of local amenities in Gurnard and just minutes from Cowes' vibrant town life, including international sailing activities and ferry links to Southampton—this property represents significant investment potential for those looking to create a bespoke home in an enviable coastal locale.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -49.6% below area average per sq ft

-49.6%
Potential saving
This Property
£161/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£266
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £350,000
Target Value
£1,299,551
10% above area average per sq ft
Potential ROI
+37.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PO31)

Area prices are falling by -3.9% over the last 12 months
3 year growth: +2.3%
5 year growth: +15.3%
Investment Disclaimer: Analysis based on PO31 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

Gurnard, Isle of Wight
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,248
Based on a loan of £446,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-8.5% since listed
£595,000£55,000(-8.5%)
11/06/2025
Current price
£650,000Initial listing
17/04/2024

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