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Canteen Road, Ventnor, Isle of Wight

South East

£320,000
Listed on 04/02/2025

Property Details

Bedrooms
3
Type
Barn Conversion
Area
1334 sqft

Description

This charming detached barn conversion offers a unique opportunity to invest in a property that already blends modern living with historical character. Completed in 2020, this building retains notable features from its original 1700s structure, including attractive stone elevations and high-level window openings that enhance its spacious interiors. With planning permission granted for use as a holiday home, the property presents potential for generating income or creating a perfect getaway. The contemporary amenities include an air source heat pump for efficient heating and a newly fitted sewage treatment plant. Set amidst expansive gardens with ample parking, the property also includes permission to construct a large double garage, adding further value. Inside, the generous entrance hall leads to a bright sitting room with dual aspects and a modern kitchen designed with family dining in mind. The first floor accommodates three bedrooms and two bathrooms, providing comfortable living space. The surrounding countryside offers picturesque views and is ideal for outdoor enthusiasts, while proximity to local beaches enhances its appeal as a vacation or permanent residence. This property is not just a home; it's an investment waiting to be maximized.

Investment Analysis

(PO38 area)

Below Market Value

This property is priced -21.9% below area average per sq ft

-21.9%
Potential saving
This Property
£240/sq ft
Area Average
£307/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£450,712
10% above area average per sq ft
Potential ROI
+25.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO38)

Area prices are falling by -13.3% over the last 12 months
3 year growth: -12.2%
5 year growth: -9.9%
Investment Disclaimer: Analysis based on PO38 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

Canteen Road, Ventnor, Isle of Wight
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,142
Based on a loan of £240,000 over 30 years at 3.97% 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

Price History

-20.0% since listed
£320,000£40,000(-11.1%)
13/06/2025
Current price
£360,000£20,000(-5.3%)
22/05/2025
£380,000£20,000(-5.0%)
18/04/2025
£400,000Initial listing
03/02/2025

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