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Blackwater, Isle of Wight

South East

£450,000
Listed on 02/05/2026

Property Details

Bedrooms
5
Type
Detached

Description

This substantial four-bedroom detached property, located in a serene rural hamlet south of Newport, presents a promising opportunity for renovation and investment. The home is set on an expansive plot featuring extensive gardens, including a unique private woodland area at the rear, perfect for outdoor enthusiasts and families alike. With generous parking options and a garage, the property already offers ample space for family living but would greatly benefit from modern updates throughout. There is significant potential to enhance the existing layout, particularly by converting the attic rooms into additional bedrooms or flexible living spaces—subject to necessary building regulations. The current living areas are characterized by versatility, beginning with a spacious dual-aspect lounge that boasts views of both front and rear gardens, complemented by a non-functioning fireplace that could be restored to serve as a central feature. The lounge seamlessly connects to a dining room through stained-glass tri-folding doors, leading directly into the conservatory which overlooks the lush garden. The kitchen is functional with plenty of storage options and provides access to a utility area connected to the garage. Upstairs, four well-sized bedrooms equipped with built-in storage cater well to family needs and are serviced by a family bathroom. There is also potential on the second floor where two interconnected attic rooms offer excellent possibilities for hobbies or home office use, adding further value. Outdoor features include an inviting formal garden complete with greenhouse and workshop, transitioning into a tranquil woodland retreat that allows direct access to local cycling paths. This unique blend of indoor and outdoor spaces creates an ideal setting for those looking to invest in creating their dream home in this picturesque location while benefitting from proximity to Newport’s amenities.

Investment Analysis

(PO30 area)
Area Average
£274/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
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
8%
Properties sold annually

Local Market Trend (PO30)

Area prices are falling by -5.5% over the last 12 months
3 year growth: -3.9%
5 year growth: +1.0%
Investment Disclaimer: Analysis based on PO30 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

Blackwater, Isle of Wight
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,605
Based on a loan of £337,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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