From an architecturally designed house with uninterrupted views of the English Channel to a former care home, 17 diverse properties on the Isle of Wight are to be auctioned in May.
They are among 168 lots listed across southern England by Clive Emson Auctioneers in the firm’s latest property and land auction.
The auction concludes on Thursday 1st May, with bidding live from 48 hours beforehand.
Among the highlights is Moonshine, a 4-bedroom detached house at 70A Leeson Road, Bonchurch, Ventnor, with a freehold guide price of £195,000+.
Rob Marchant, Island auctioneer, said:
“Unfortunately, in common with the other properties in the area, Moonshine was affected by a landslip in December 2023, losing part of its extensive grounds and suffering from some structural damage and this is reflected in the guide price.
“Moonshine retains an attractive plot with landscaped gardens to the south west of the house and affords stunning views.
Article continues below this advertisement “The dwelling itself provides beautiful living accommodation with four bedrooms and four bathrooms, set over three floors maximising the panoramic views over the English Channel.
“The beautiful mezzanine floor embraces the curved wooden ceiling and overlooks the open-plan living space. We anticipate keen interest because of its unique design and location.”
Described as having stunning sea views, a 4-bedroom detached house at 115 Gills Cliff Road, Ventnor, has a freehold guide price of £245,000+.
On a 950-year lease from 1923, a semi-detached house with 2 bedrooms at 56 Albert Street, Ventnor, has a freehold guide price of £130,000-£140,000.
On a 999-year lease from 1989, guided at £40,000+ and at a peppercorn ground rental, is a 1-bedroom holiday chalet at 1 Westcliffe, Boxers Lane, Niton, Ventnor.
On the same lease terms, a 2-bedroom holiday chalet, also chalked for improvement, is at 13 Westcliffe and is guided at £75,000-£80,000.
Let at £28,000 per annum, God’s Providence House at 12 St Thomas’ Square, Newport, has a freehold guide price of £195,000+.
Rob said:
“Occupying a prominent position overlooking St Thomas Square in the centre of Newport, God’s Providence House is one of the Isle of Wight’s oldest and best-known food establishments.
“The property is arranged over three floors which includes a residential flat on the top floor, although this space is currently utilised as storage by the commercial tenant.
“The property is let under the terms of a five-year commercial lease and is considered ideal for addition to an income producing investment portfolio.”
Currently part let is the former Roseglen Hotel at 12 Palmerston Road, Shanklin, which has been partially converted to a house in multiple occupation (HMO). Freehold, the property is currently part let at £44,720 per annum and has a guide price of £300,000 – £330,000.
Described as in need of upgrading and refurbishment, a freehold detached chalet-style house at 1 Alresford Road, Shanklin, had a guide price of £125,000 – £135,000, a reduction of up to £35,000 on the previous listing. There are 3 bedrooms, with off-road parking, and Wright & Co are joint auctioneers.
Currently let at £6,600 per annum, 37 Atherley Park Close, Shanklin, is a flat with a wraparound balcony and has a guide price of £70,000+. The property, which includes an allocated car parking space, is on the remainder of a 125-year from 2013.
On the remainder of a 215-year lease from 1975 is a 2-bedroom flat with a garden and garage at 10B Witbank Gardens, Shanklin. The guide price is £90,000+.
Described as needing improvement, a 3-bedroom semi-detached house at 10 Denness Road, Lake, between Sandown and Shanklin, has a freehold guide price of £140,000+.
A commercial property studio, with bed/living room, shower room and kitchen, which has current planning usage as an office, is guided at £35,000+ and benefits from off-road parking. The single storey building at Little Star, New Village, Freshwater, is freehold.
Guided freehold at £160,000 – £180,000, a 3-bedroom cottage at 2 Chawton Cottages, Chawton Lane, Chawton, near Cowes, requires improvement. Freehold, the property was until recently occupied by a life tenant who had been involved in local agriculture.
With a freehold guide price of £950,000+, a former care home at York Lane, Totland Bay, has planning permission to be converted into 9 apartments.
Seven Gables was originally a substantial Victorian before becoming a care home, with additions to include a substantial 2-storey rear annex.
Rob said:
“The care home closed in 2022 and the property is now being sold with the benefit of planning consent for conversion to form nine residential apartments, the majority of which will be two or three-bedroom apartments, with one four-bedroom unit and two one-bedroom flats.
“The attractive planning scheme includes roof terraces and balconies, with the resultant apartments likely to be popular in the local resale market in what is a sought-after residential location.”
With a guide price of £295,000+, and let at £33,300 per annum, is a freehold block of four flats for investment at 23 Star Street, Ryde.
A freehold former shop with owner’s 2-bedroom accommodation above and behind is guided freehold at £125,000+. The property, at 49 Monkton Street, Ryde, is close to Ryde St Johns Road railway station.
With 2 bedrooms, a freehold terraced house at 34 New Street, Newport, has a guide price of £90,000+ and is said to need refurbishment. Joint auctioneers are Chinneck Shaw.
Clive Emson Auctioneers, established 36 years ago, is a sponsor of the National Landlord Investment Show taking place on 30 April at the Ashford International Hotel, Kent.
Does anyone know if purchasing a chalet eg the one
shown or ones at Sandown Bay Holiday Centre or
Gurnard Pines have to pay DOUBLE COUNCIL TAX??