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Ventnor, Isle of Wight

South East

£550,000
Listed on 04/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Discover a valuable investment opportunity in the picturesque setting of Steephill Cove, Isle of Wight. This substantial plot is situated in an elevated position, providing stunning panoramic views of the sea and the English Channel. The location is renowned for its charm, featuring traditional beach cafés and quaint fishermen’s cottages that contribute to its unique character. The property comes with granted planning permission for a contemporary three-bedroom home designed with an upside-down layout, allowing for optimal enjoyment of the breathtaking views. Plans include a generous decked terrace and an additional sun terrace, creating ideal spaces for outdoor living and relaxation amidst the tranquil surroundings. Essential utilities including electricity, gas, water, and sewerage are already available on-site, simplifying the development process. Access to the seawall from this plot enhances its appeal, offering immediate proximity to coastal activities while maintaining a sense of privacy. Additionally, being close to the celebrated Ventnor Botanic Garden adds further value to this location as both a peaceful retreat and a potential lucrative investment. Opportunities like this—offering both exceptional views and appealing development prospects—are rare in such a sought-after area. This plot presents a unique chance to create a distinctive residence in one of the Isle of Wight's most coveted coastal locales.

Investment Analysis

(PO38 area)
Area Average
£310/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PO38)

Area prices are falling by +6.7% over the last 12 months
3 year growth: -8.3%
5 year growth: 6.0%
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

Ventnor, Isle of Wight
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 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