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Wheelers Bay Road, Ventnor PO38

South East

£179,950

Listed on 11/06/2026

Property details

Bedrooms
2
Type
Flat

Description

This first-floor apartment presents an excellent investment opportunity, ideally located near Wheelers Bay and the town centre. While this property features two double bedrooms and offers stunning sea views from multiple vantage points, it requires updating throughout, making it a prime candidate for renovation. The living area is well-proportioned and bright, opening onto a covered balcony where one can enjoy morning coffee or evening relaxation while overlooking the sea. The separate kitchen, though functional, will benefit from modernisation to fully utilise its potential. Both bedrooms are spacious, with the main bedroom benefiting from views of Wheelers Bay via double-glazed windows. Additionally, there is a generously sized garage that can serve as substantial storage space or accommodate a vehicle. The surrounding area boasts easy access to local amenities, including cafes and restaurants along the Ventnor seafront, as well as quaint village charm in Bonchurch. This strategic location combined with the property's layout provides ample opportunity for enhancement through renovation to increase both comfort and value.

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Investment analysis

(PO38 area)
Area Average
£306/sq ft

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
13
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PO38)

Area prices are falling by -14.6% over the last 12 months
3 year growth: -14.7%
5 year growth: -13.0%
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

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£680
Based on a loan of £134,962 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

Price History

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

Next Steps

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