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See how verdicts work3-bedroom house · PO36 0EZ
No longer listedReduced £48k (−7%) on 21 JunListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Mill House is a beautifully maintained detached period home in the picturesque village of Alverstone, offering three double bedrooms, four reception rooms, extensive riverside gardens, a driveway, and a large garage.
Once a popular post-war tearoom destination beside the River Yar, the property combines rich local history with modern comfort and versatile living spaces.
The home retains its original charm through features such as leaded windows, fireplaces, dado rails, and elegant décor, while also benefiting from high-quality finishes throughout.
Nestled within an Area of Outstanding Natural Beauty, the property enjoys a peaceful setting with convenient access to nearby towns including Shanklin and Newport.
Inside, the accommodation is spacious and adaptable, featuring a welcoming entrance hall, expansive triple-aspect sitting room, cosy snug, stylish kitchen with integrated appliances, dining room overlooking the gardens, utility room, and cloakroom on the ground floor.
Upstairs, a gallery landing leads to three generously sized bedrooms, including a luxurious principal suite with dressing area and ensuite bathroom, alongside a family bathroom and dedicated study nook with scenic countryside and river views.
The property has been carefully designed to blend character and practicality, creating a warm and inviting family home.
Outside, the grounds are a standout feature, with mature planting, terraces, pergolas, lawns, and direct access to the tranquil River Yar.
The rear garden offers multiple seating areas, potting sheds, a covered loggia, and a private gate connecting directly to surrounding countryside footpaths and nature reserves.
The soothing sounds of the river and nearby mill weir add to the home’s unique atmosphere, making The Mill House an exceptionally rare opportunity to own a historic riverside property in one of the Isle of Wight’s most desirable rural locations additional information: Council Tax Band: F Local Authority: Isle Of Wight Legal disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract.
Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose.
Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations.
Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate.
Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves.
Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure To be confirmed by the Vendor’s Solicitors Possession Vacant possession upon completion Viewing Viewing strictly by appointment through The Express Estate Agency
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About The Mill House, Main Road, Sandown
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