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New Road

South East

£845,000
Listed on 26/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a promising development opportunity covering 4.02 acres, currently with full planning consent for the construction of five residential units. The approved plan includes three 3-bedroom bungalows and two 2-bedroom homes, each designed to include ample outdoor decking and generous gardens along with designated parking areas. The site, formerly a garden area for a nearby property, is located near Wootton Creek and benefits from proximity to local amenities, including shops, dining options, and schools. It is also conveniently situated just minutes from the Fishbourne-Portsmouth ferry hub and within a short drive to East Cowes for additional transport links. Prospective buyers should note that while utilities may be available nearby, it will be necessary to conduct independent assessments on service connections before development proceeds. An existing internal roadway allows for access, but certain pre-commencement conditions set forth by the local council must be addressed by the new owner as part of the acquisition process.

Investment Analysis

(PO33 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PO33)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -4.3%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on PO33 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

New Road
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,048
Based on a loan of £633,750 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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