Smoke can be seen issuing from a property on Blackgang Road, at the start of the village’s one-way traffic system.
Members of the public summoned fire crews by dialling 999 at around 11:00.
UPDATE @ 11:15 – The first appliances are now on scene – 1 from Ventnor and 1 from Newport.
Firefighters are using water to dowse the flames having gained access to the property equipped with breathing apparatus equipment. A hose reel jet is also being used externally.
The road is currently blocked by the appliances whilst crews deal with the emergency.
UPDATE @ 11:30 – A total of 4 appliances have now been mobilised to the incident, according to fire control. Additional crews from Shanklin and Newport are en-route to the incident.
No one is thought to be inside the property.
Southern Vectis say that all Route 6 and Island Coaster buses are having to divert via Appleford and Chale to reach Blackgang.
Police have closed the road in both directions.
UPDATE @ 12:10 – Fire crews are thought to have now extinguished the fire, an hour after arriving on scene.
Although no persons have been injured, there is thought to be a significant level of smoke damage to the home.
Crews remain on scene damping down and clearing smoke from the property.