2-bedroom terraced house · PO38 1AB
Sold STCListed 225 days
Opportunity summary
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About
Offered for sale chain free, this character stone cottage is set in an elevated position in Ventnor, where it enjoys sea views from the front aspect and the rear garden.
The cottage requires renovating and updating throughout, but once these works are completed it will provide a new owner with a charming, characterful home.
The accommodation comprises sitting room, kitchen, lobby and shower room on the ground floor, and 2 bedrooms on the first floor.
Externally, there is a walled garden to the front and a good sized terraced garden to the rear.
This is great opportunity for those seeking a project where they can renovate and design a home to their own requirements.
Kitchen 9' 3'' x 8' 6'' (2.84m x 2.6m) A hardwood front door gives access to the kitchen which is fitted with wall and floor units with work surfaces over and a sink unit.
Door to the lobby and stairs to the first floor. Sitting Room 9' 0'' x 8' 9'' (2.75m x 2.67m) Bow window to the front with views of the sea. Feature fireplace.
Lobby Accessed from the kitchen. Door to the side. Door to: Shower Room Fitted with a shower cubicle, wash basin and WC.
Landing Accommodation off: Bedroom 1 9' 0'' x 8' 7'' (2.75m x 2.63m) Window to the front with views of the sea. Feature fireplace.
Bedroom 2 9' 0'' x 6' 0'' (2.75m x 1.83m) Window to the rear. Over stairs cupboard. Wash basin.
Outside There is a walled garden to the front of the cottage, and a path leading to the front door.
To the rear there is a terraced garden which is laid to , and where from the top of the garden there are wonderful views of the sea.
Additional Information Tenure: Freehold EPC rating: TBC Council tax band: A Please note: All services/appliances have not and will not be tested. This property is sold as seen.
MISREPRESENTATION ACT 1967. PROPERTY MISDESCRIPTION ACT 1991.
Turnbull IOW Ltd, for themselves and Vendors of the property, whose agents they are, give notice that these particulars, although believed to be correct, do not constitute any part of an offer or Contract, that all statements contained in these particulars as to this property are made without responsibility and are not relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever to this business.
An intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Ocean View Road, Ventnor, Isle of Wight, PO38 1AB
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