A rural thatched cottage sitting on nearly half an acre is 1 of 6 Island lots being auctioned in November.
The detached home in Kingston Road, Kingston, has a freehold guide price of £250,000+ and is among a total of 153 lots being sold across southern England and Wales by Clive Emson Auctioneers.
Clive Emson Auctioneers’ online auction ends on Wednesday 2nd November, with bidding opening 48 hours beforehand.
Rob Marchant, the firm’s Island auctioneer, said:
“The cottage requires a programme of significant upgrading and refurbishment but is considered very worthy of the works required beyond which it would be ideally suited to owner occupation or use as a weekend retreat/holiday home or perhaps for commercial holiday letting.
“Adjoining the cottage is the remains of a stone barn which has potential for restoration or, perhaps, for alternative uses, subject to all necessary consents being obtainable.
“Stone Cottage enjoys a pleasant rural outlook particularly from the front elevation and has a plot measuring 0.43 acres, which includes the footprint of the former barn.”
Guided freehold at £600,000+ is Seven Gables Rest Home, a former care home at York Lane, Totland Bay, towards the western tip of the Island.
Rob said:
“The property has until very recently traded as a substantial care home with around 20 residents’ bedrooms on the ground and first floors, most of which have en-suite cloakroom facilities.
“In addition, there are further rooms on the second floor, though these have in more recent times been used as staff facilities.
“There is also a two-bedroom self-contained apartment situated on the first floor above the wing extension to the rear of the property and this has been occupied by staff from the home.
“Seven Gables is situated on a plot in excess of one-third of an acre and there are splendid views over the Solent and the mainland beyond, particularly from the upper floors at the rear of the building.
“It is considered that Seven Gables offers scope and potential for a number of future uses, subject to all necessary consents being obtainable.”
Guided freehold at £320,000-340,000 is a 3-bedroom holiday bungalow called Sedum Cottage at Buckbury Lane, Newport.
Rob said:
“The property enjoys an elevated position to the east of Newport and has stunning views across the nearby Pan Country Park.
“In addition to the modern living accommodation the property also benefits from an outdoor swimming pool and hot tub which are integrated into the rear decking.
“The property is considered ideal for a mix of self-use and holiday rental.”
More than 4 acres of freehold land, “with development potential” and guided at £100,000+, is located at the west side of Packsfield Lane, at the rear of 69 Station Road, Wootton Bridge, Ryde.
Rob said:
“Of interest to investors and developers as well as conservationists, this freehold interest controls development of this attractive site.
“Situated in the popular residential location of Wootton Bridge, the site extends to 4.25 acres and is in use as a pony paddock, which is accessible off Packsfield Lane.
“The freehold title is subject to a long lease which is held by the owner of a neighbouring property in Station Road, which is the currently proposed access point.
“The suitability of the site for residential development is affirmed by a motion to grant Outline Planning Consent (subject to an S106 agreement) which was passed by the Isle of Wight Council for the construction of 29 residential dwellings in a scheme which would have seen the demolition of 69 Station Road, a property which is owned by the long lessee.”
Guided freehold at £220,000-230,000 is a 4-bedroom house called Montella, Marlborough Road, Ventnor.
Rob said:
“Montella is situated on a quiet road, a short walk from the centre of Ventnor, with its popular shopping and other amenities.
“The beach is also a further short walk away. The property as recently been refurbished/upgraded and offers flexible accommodation over three floors to include four bedrooms.
“Montella would be ideally suited for owner occupation, investment or, perhaps, best suited as a weekend retreat of holiday home. Alternatively, as a commercial holiday let/B&B.”
A freehold storage facility at 69B Pelham Road, Cowes, is guided freehold at £16,000-18,000.
Rob said:
“This speculative site, which extends to 0.01 acres, is currently partially occupied by a derelict building, last in use as a storage facility.
“It is considered the site may offer potential for a variety of future uses, subject to all necessary consents being obtainable.”
Joint auctioneers: Hose Rhodes Dickson.
