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Wheelers Bay Road, Ventnor PO38

South East

£179,950
Listed on 08/05/2026

Property Details

Bedrooms
2
Type
Flat

Description

This first-floor apartment presents a distinctive opportunity for renovation and investment, located in proximity to Wheelers Bay and the vibrant town centre. The property features two double bedrooms, both offering captivating sea views from the main living areas as well as the balcony. While the apartment requires modernization, its competitive pricing reflects this potential. A spacious garage adds utility and storage options, housing essential electrical systems. The surrounding area is rich in local attractions, with a pathway leading directly to Wheelers Bay and the popular Seapot café. Enjoy leisurely strolls to Bonchurch, known for its picturesque pond and historic church dating back to the 11th century, or dine at the Bonchurch Inn. The Ventnor seafront is also nearby, featuring a variety of cafés and restaurants alongside independent shops that create a charming atmosphere. Inside, the layout includes a landing with ample storage solutions and access to loft space. The living room is bright and airy with sliding doors opening onto a covered balcony, perfect for enjoying scenic views. The kitchen offers a functional design with opportunities for updates. Both bedrooms provide comfort and natural light, while the bathroom awaits modernisation to enhance functionality and style. With its prime location near Ventnor's amenities and its potential for refurbishment, this apartment could become an outstanding investment or comfortable home after thoughtful updates.

Investment Analysis

(PO38 area)
Area Average
£307/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO38)

Area prices are falling by -13.3% over the last 12 months
3 year growth: -12.2%
5 year growth: -9.9%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£642
Based on a loan of £134,962 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

Price History

-5.3% since listed
£179,950£10,000(-5.3%)
31/03/2026
Current price
£189,950Initial listing
13/12/2025

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