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Nicholson Street, Newport, Isle Of Wight PO30 - Image 1
Nicholson Street, Newport, Isle Of Wight PO30 - Image 2
Nicholson Street, Newport, Isle Of Wight PO30 - Image 3

Nicholson Street, Newport, Isle Of Wight PO30

South East

£450,000
Listed on 13/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents a substantial development opportunity in Newport, Isle of Wight, encompassing approximately 1.65 acres. The central feature is a grade II listed residential structure exceeding 3000 sqft, which currently requires significant modernisation and renovation. Accompanying this are several single-storey outbuildings that have fallen into disrepair. With no tree preservation orders noted, the site is relatively unencumbered by environmental restrictions; however, potential investors should conduct their due diligence regarding the presence of invasive plant species. The area is classified within a key regeneration zone, suggesting potential for planning applications aimed at residential development—either through refurbishment of the existing building or new construction projects with access from Horsebridge Hill (A3020). Located close to Parkhurst Forest and approximately 1.8 miles from Newport Town Centre, this property benefits from proximity to essential amenities including schools, hospitals, and transport links to the mainland.

Investment Analysis

(PO30 area)
Area Average
£272/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PO30)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -0.9%
5 year growth: +4.6%
Investment Disclaimer: Analysis based on PO30 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

Nicholson Street, Newport, Isle Of Wight PO30
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,594
Based on a loan of £337,500 over 30 years at 3.91% 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

This calculation uses non-residential (land/commercial) tax rates.

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