Spring Hill, Ventnor
South East
£79,950
Listed on 11/11/2026
Listed on 11/11/2026
The listing
Property details
Bedrooms
1Type
FlatFeatures
- Garden
Description
This first-floor one-bedroom flat is offered for cash buyers and is described as requiring refurbishment. The lounge and bedroom have sea views, and the flat has uPVC double-glazed windows. The accommodation comprises an entrance hall with airing cupboard, lounge/diner, separate kitchen, bedroom and bathroom. Access is via an external staircase, and communal gardens are provided to the rear of the block.
The property is just off Ventnor town centre, close to shops and local amenities. It is leasehold, with the listing stating a balance of 125 years from 5 October 1988, a £10 annual ground rent and a most recent service charge of £798.67 including ground rent. Council Tax is Band A. Mains electricity, water and drainage are stated, while the gas supply is currently disconnected.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
43out of 100
Grade ELow opportunity
Confidence: LOW
At £79,950, this first-floor flat offers a clear renovation canvas, with sea views from the lounge and bedroom and a communal garden. The pictured interiors have worn flooring and dated finishes, including a tired kitchen and bathroom, while discolouration around the bedroom window is worth investigating. The building and communal areas look broadly maintained in the available views.
The overall score is E (43/100), reflecting limited condition and fundamentals scores; it is not a judgement that the flat is overpriced. Floor area is missing, so value versus local £/sqf cannot yet be judged. The cash-buyers-only requirement and disconnected gas supply are practical points to resolve, alongside the lease and service-charge details.
Key opportunities
- Rework the dated interiors as a coherent project, updating the kitchen and bathroom and refreshing finishes and flooring in the pictured rooms.
- Make the lounge and bedroom sea views a defining feature of the finished flat.
- The broadly maintained exterior and communal garden provide a useful setting while the interior is transformed.
Key risks
- Worn finishes across several pictured rooms, including discolouration around the bedroom window, add to the scope of a heavy interior programme; allow for a full multi-room overhaul rather than a cosmetic refresh.
- Cash buyers only, with the gas supply currently disconnected; establish the implications before proceeding.
- Check the lease terms and service-charge arrangements as part of due diligence.
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Transport
Nearest stations
Shanklin Rail Station
2.7 miles
Train · Shanklin
Lake (Isle of Wight) Rail Station
3.8 miles
Train · Lake
Sandown Rail Station
4.5 miles
Train · Sandown
Brading Rail Station
6.3 miles
Train · Brading
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£327
Based on a loan of £59,962 over 30 years at 5.13% 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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