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Land adjacent, 5 The Glade - Image 1
Land adjacent, 5 The Glade - Image 2
Land adjacent, 5 The Glade - Image 3

Land adjacent, 5 The Glade

South East

£140,000
Listed on 11/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

**LOCATION** Nestled in a tranquil residential area along The Glade, this plot is conveniently located just a brief stroll from the charming village of Lake. Residents can enjoy easy access to local amenities such as shops and takeaways, including a Tesco Express for daily needs. The property is also within reach of picturesque cliff top walks and offers quick connections to the nearby towns of Shanklin and Sandown, enhancing its appeal for both living and leisure. **DESCRIPTION** This offering consists of a plot measuring approximately 395 sqm (4,250 sq ft) that comes with approved planning permission for the construction of a three-bedroom detached family home. The access road is an unadopted lane off Ranelagh Road, providing an opportunity for buyers looking to invest in development. With existing permissions in place, this site is primed for renovation or new builds tailored to personal or market demands. **SERVICES** Mains services are readily available in the vicinity, making it easier for potential developers to connect utilities as needed. Interested parties are encouraged to verify specifics with local service providers to ensure all requirements are met. **PLANNING** Planning permission was granted in September 2025 under reference no. 25/00932/FUL. Detailed plans and documentation are accessible through the iwight.com planning portal or can be provided upon request. This property stands as a promising investment opportunity in an appealing location, suited for those looking to capitalize on its development potential. To arrange a viewing or learn more about this exciting prospect, please contact HRD Commercial directly.

Investment Analysis

(PO36 area)
Area Average
£288/sq ft
Avg Rent (weekly)
£208
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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
8%
Properties sold annually

Local Market Trend (PO36)

Area prices are rising by +4.0% over the last 12 months
3 year growth: -3.6%
5 year growth: 22.3%
Investment Disclaimer: Analysis based on PO36 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

Land adjacent, 5 The Glade
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£513
Based on a loan of £105,000 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.

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