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Wheelers Bay Road, Ventnor PO38 - Image 1
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Wheelers Bay Road, Ventnor PO38

South East

£189,950
Listed on 19/03/2026

Property Details

Bedrooms
2
Type
Flat

Description

This two double bedroom apartment presents an excellent opportunity for renovation in a highly desirable location, just moments from Wheelers Bay and the vibrant town centre. With spectacular sea views from both the main bedroom and living room, this property is ripe for modernising to enhance its appeal and value. The garage offers substantial storage and workspace, accommodating electrical systems as well. The private path leading to Wheelers Bay adds convenience, providing easy access to local attractions like the popular Seapot cafe and other eateries. This property is set within a community that boasts beautiful beaches, historical landmarks, and charming independent shops—all within reach. Internally, the flat retains original features alongside a layout that could benefit from a contemporary overhaul. The living area is bright and airy with direct access to a covered balcony for outdoor relaxation. The kitchen and bathroom are functional yet dated, presenting opportunities for improvement. Given its current state, this apartment requires a thoughtful renovation which can transform it into a comfortable seaside retreat or a profitable investment for rental or resale.

Investment Analysis

(PO38 area)
Area Average
£307/sq ft
Avg Rent (weekly)
£231
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PO38)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -6.6%
5 year growth: +1.0%
Investment Disclaimer: Analysis based on PO38 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

Wheelers Bay Road, Ventnor PO38
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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
£685
Based on a loan of £142,462 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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