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Seaview, Isle of Wight

South East

£225,000
Listed on 20/03/2026

Property Details

Bedrooms
1
Type
Semi Detached
Area
538 sqft

Description

This is a unique chance to acquire a portion of an historic chapel in the heart of Seaview Village, complete with planning permission for conversion into residential units (Class C3). Originally built in 1854, this characterful building benefits from its central location and offers versatile potential for transformation into self-contained homes, or could serve as a studio, office space, therapy room, or even storage. The interior features an inviting open plan layout spanning 50m² under impressive vaulted ceilings, complemented by a kitchenette and W.C. at the rear. The approved plans can allow for innovative living spaces that harmonize modern comforts with the building's original charm. Additionally, future owners will find themselves just a short stroll from local amenities such as shops, restaurants, and stunning coastal paths leading to picturesque beaches. Utilities like electricity and water are already available on-site, while gas connections are accessible from the street. Parking is conveniently located on nearby roads. This property represents an exciting renovation opportunity with significant investment potential in a sought-after seaside location.

Investment Analysis

(PO34 area)

Above Market Value

This property is priced +3.5% above area average per sq ft

+3.5%
This Property
£418/sq ft
Area Average
£404/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£239,058
10% above area average per sq ft
Potential ROI
-21.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (PO34)

Area prices are falling by -6.1% over the last 12 months
3 year growth: -7.6%
5 year growth: +20.2%
Investment Disclaimer: Analysis based on PO34 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

Seaview, Isle of Wight
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£811
Based on a loan of £168,750 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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