Worst House on the Street Logo
Gurnard, Isle of Wight - Image 1
Gurnard, Isle of Wight - Image 2
Gurnard, Isle of Wight - Image 3
Gurnard, Isle of Wight - Image 4
Gurnard, Isle of Wight - Image 5
Gurnard, Isle of Wight - Image 6
Gurnard, Isle of Wight - Image 7
Gurnard, Isle of Wight - Image 8
Gurnard, Isle of Wight - Image 9
Gurnard, Isle of Wight - Image 10
Gurnard, Isle of Wight - Image 11
Gurnard, Isle of Wight - Image 12
Gurnard, Isle of Wight - Image 13
Gurnard, Isle of Wight - Image 14
Gurnard, Isle of Wight - Image 15
Gurnard, Isle of Wight - Image 16
Gurnard, Isle of Wight - Image 17
Gurnard, Isle of Wight - Image 18
Gurnard, Isle of Wight - Image 19

Gurnard, Isle of Wight

South East

£595,000

Listed on 18/04/2024

Property Details

Bedrooms
3
Type
Plot
Area
3700 sqft

Description

This unique opportunity presents a 3.2-acre parcel of land, complete with planning permission for a modern two-story residence that capitalizes on the spectacular vistas of Thorness Bay and The Solent. Located in a tranquil rural area near the desirable village of Gurnard, this plot is characterized by its stunning natural surroundings, including mature woodlands adorned with bluebells and various wildflowers. The approved plans detail a spacious 350 square meter home designed to maximize sea views from all primary living spaces and generously-sized bedrooms. The upper ground floor features open-plan living areas and a luxurious principal suite, while the lower ground floor includes additional bedrooms with en-suite facilities. A charming Scandi-style cabin on the site provides an immediate retreat for relaxation and enjoyment of the views. With essential services already in place, including mains power and a new drainage system, the groundwork for your custom dream home has begun. Given its location and potential, this site promises not just a home but an investment into an enviable lifestyle near Cowes' vibrant sailing community.

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
£200,000 - £300,000
Target Value
£1,299,551
10% above area average per sq ft
Potential ROI
+45.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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
Loading map...

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
18/04/2024

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.