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Ventnor, Isle of Wight

South East

£550,000
Listed on 01/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This exceptional plot presents a rare chance for development in the idyllic setting of Steephill Cove on the Isle of Wight. Positioned in an elevated and secluded area, this substantial land offers uninterrupted sea views that stretch across Steephill Cove to the expansive English Channel. With planning permission already secured for a thoughtfully designed three-bedroom home, potential buyers can capitalize on an upside-down living layout that enhances the stunning vistas. The proposed design features a generous decked terrace along with an additional sun terrace, ideal for enjoying the serene atmosphere and picturesque surroundings. Essential services such as electricity, gas, water, and sewer connections are readily available on-site, facilitating a smoother building process. Direct access to the seawall promotes outdoor activities and nearby attractions, while the charming character of Steephill Cove—characterized by its quaint beach cafés and traditional fishermen's cottages—offers both exclusivity and community spirit. Situated close to the Ventnor Botanic Garden, this plot not only serves as a tranquil retreat but also represents a valuable investment opportunity in a highly sought-after coastal area. Securing property of this caliber in such a renowned location is uncommon—this could be your chance to develop a remarkable home in an enchanting environment.

Investment Analysis

(PO38 area)
Area Average
£306/sq ft
Avg Rent (weekly)
£212
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PO38)

Area prices are falling by -3.0% over the last 12 months
3 year growth: -7.1%
5 year growth: +0.3%
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

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£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,984
Based on a loan of £412,500 over 30 years at 4.06% 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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