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Shanklin, Isle of WIght

South East

£260,000

Listed on 01/06/2026

Property Details

Bedrooms
5
Type
Semi Detached
Area
2021 sqft

Description

This is a rare opportunity to purchase a historic church hall with approved planning permission for transformation into an expansive residential property along the scenic coastline of Shanklin. Set in a desirable location just a short stroll from the charming old village and seafront, this building boasts substantial renovation potential. With plans in place to convert the impressive hall featuring vaulted ceilings into a spacious two-story home comprising five bedrooms, this project offers over 2,000 sq. ft of living space while preserving its original architectural charm, including stone window details and striking elevations. The prospect includes off-road parking at the rear and an enclosed garden to enhance outdoor living. The surrounding area is rich in amenities, with shops, restaurants, and access to beautiful coastal walks nearby. Future owners will work closely with the diocese and local governing bodies to ensure that development adheres to regulations and enhances the character of this unique property. Being leasehold with a significant long-term lease presents further advantages for prospective buyers looking to create a distinct residence in an attractive locale.

Investment Analysis

(PO37 area)

Below Market Value

This property is priced -54.5% below area average per sq ft

-54.5%
Potential saving
This Property
£129/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£191
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£629,248
10% above area average per sq ft
Potential ROI
+23.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO37)

Area prices are falling by -4.3% over the last 12 months
3 year growth: +1.1%
5 year growth: -0.2%
Investment Disclaimer: Analysis based on PO37 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

Shanklin, Isle of WIght
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£982
Based on a loan of £195,000 over 30 years at 4.45% 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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