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Gurnard, Isle of Wight

South East

£595,000
Listed on 29/06/2024

Property Details

Bedrooms
3
Type
Plot
Area
3700 sqft

Description

This is a unique opportunity to secure a 3.2-acre site with planning permission for a modern dwelling that promises stunning vistas of Thorness Bay and The Solent. Set in a tranquil rural area near the desirable village of Gurnard, the plot boasts mature woodland and beautiful natural features, including bluebells and wildflowers. It's an ideal canvas for a contemporary two-storey home covering approximately 350 square meters, carefully designed to maximise the spectacular views from every room. The approved plans detail generous living spaces, ensuring that both the main residence and additional structures such as a double carport and outdoor kitchen are well-integrated into the landscape. A charming Scandi-style cabin on-site serves as an immediate retreat, already equipped with power, water, and drainage—this enhances the site's allure while offering potential rental income or guest accommodation. Given its proximity to local amenities and Cowes' vibrant sailing community, this property not only provides an exceptional living experience but also represents substantial investment potential due to its location and existing planning consent. Notably, some groundwork has already commenced with the installation of new drainage systems, allowing for an expedited start to construction.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -49.1% below area average per sq ft

-49.1%
Potential saving
This Property
£161/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£1,285,103
10% above area average per sq ft
Potential ROI
+29.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PO31)

Area prices are falling by -2.6% over the last 12 months
3 year growth: +4.3%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,107
Based on a loan of £446,250 over 30 years at 3.91% 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%)
10/06/2025
Current price
£650,000Initial listing
28/06/2024

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