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Leeson Road, Ventnor, Isle of Wight

South East

£125,000
Listed on 04/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
626 sqft

Description

This two-bedroom terraced home, situated in the desirable upper Bonchurch area on the outskirts of Ventnor, presents a noteworthy opportunity for those looking to invest in a property with renovation potential. The layout offers a functional use of space, making it suitable for first-time buyers or investors seeking a project that can be tailored to individual tastes. One of the standout features is the stunning dual aspect views; from the rear, you can take in the serene vistas of the English Channel, while the front showcases the rolling hills of Ventnor Downs. These picturesque surroundings contribute to a tranquil living environment. The property is equipped with a working open fire in the living room, which adds character and warmth to the space. Additionally, gas central heating and uPVC double-glazed sash windows enhance energy efficiency throughout the home. The kitchen at the front offers practical functionality, with ample potential for customization into an inviting cooking area. Conveniently located on the ground floor is a bathroom that provides easy access. At the rear, the living room opens up to a garden space that invites natural light—ideal for creating an outdoor retreat or entertaining area. While this home already has its charms, it would greatly benefit from cosmetic updates and personal touches, making it an excellent blank canvas for creative minds or those seeking to add value through renovation. Located within proximity to Ventnor’s shops, beaches, and local amenities, this property not only combines charm with practicality but also represents an affordable entry point into a cherished coastal community—perfect for those eager to engage in manageable renovations while enjoying all that this seaside town has to offer.

Investment Analysis

(PO38 area)

Below Market Value

This property is priced -35.6% below area average per sq ft

-35.6%
Potential saving
This Property
£200/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£213,673
10% above area average per sq ft
Potential ROI
+52.6%
After renovation
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

Leeson Road, 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
£458
Based on a loan of £93,750 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