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Newport

South East

£845,000
Listed on 04/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive 38.19-acre parcel of agricultural land presents a unique opportunity for renovation and investment, featuring both a modern agricultural building and a derelict Cold War nuclear bunker that could be repurposed for various uses (subject to planning permission). Located on the outskirts of Newport, Isle of Wight, this property offers direct access via Staplers Road, making it conveniently positioned just 2 miles from the town center. Newport boasts a diverse array of shops, restaurants, and educational facilities, while nearby towns like East Cowes and Wootton provide additional services and ferry connections to the mainland. The property is divided into two lots. Lot 1 encompasses 19.83 acres, comprised of 17.08 acres of arable land along with 2.75 acres of permanent pasture. It features a well-constructed agricultural building measuring 24m x 15m, equipped with dual roller shutter doors and single-phase electricity—ideal for storage or operational use within agricultural activities. Notably, this lot also includes two mobile homes currently utilized for storage purposes. Lot 2 comprises 18.63 acres of arable land and offers potential for various developments due to its inclusion of an inaccessible Cold War nuclear bunker—an intriguing feature that could attract interest for creative repurposing projects. Additionally, Lot 2 benefits from a lease agreement involving a private telecom mast that generates an annual rental income of £4,000. With existing rights of access over established routes and no public rights of way encumbering the land, both lots are primed for future development opportunities. The current zoning allows for agricultural use, but recent trends in neighboring areas suggest that residential planning applications may also be viable avenues worth exploring. Overall, this property combines significant land area with valuable infrastructure and unique elements that enhance its appeal not only as an agricultural site but also as a long-term investment opportunity in a developing region.

Investment Analysis

(PO30 area)
Area Average
£274/sq ft
Avg Rent (weekly)
£240
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PO30)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 1.5%
5 year growth: 11.8%
Investment Disclaimer: Analysis based on PO30 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

Newport
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,095
Based on a loan of £633,750 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