53 Gills Cliff Road, Ventnor, Isle Of Wight

Description

This south-facing freehold site is situated in the southern part of the Isle of Wight, close to the centre of the popular seaside town of Ventnor. The site extends to an approximate total of 0.07 hectares (0.17 acres), enjoys stunning sea views over the English Channel and backs onto downland. Two separate Planning Consents have been obtained (and commenced) for the construction of a single four bedroomed detached unit and a pair of detached units.

Accommodation

Planning consent has been obtained and commenced for the construction of a single four bedroomed detached unit and a pair of detached units.

Location

The site is situated in the southern part of the Isle of Wight, close to the centre of the popular seaside town of Ventnor. It enjoys stunning sea views over the English Channel and backs onto downland.

Tenure / Property Information

Investment Analysis

The guide is £80,000–£85,000 for a 0.17-acre freehold site with two commenced planning consents: one four-bedroom detached unit and a pair of detached units. Nearby completed detached sales range from £185,000 to £450,000, but the evidence does not provide floor areas, specification, consent drawings, build stage, abnormal costs or whether the consents represent alternative or cumulative schemes. A reliable GDV, development cost appraisal and maximum bid therefore cannot be established.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led development opportunity only after reviewing both consents, confirming the intended scheme, obtaining a full build-cost appraisal and checking all auction fees and obligations. Do not bid from the guide alone.

Works Required

Verify both planning consents and commencement status, then complete the consented residential construction scheme selected by the purchaser. Detailed build, infrastructure, landscaping and professional works cannot be specified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be established because there is no supported GDV, construction budget, completed accommodation value, rental evidence or refinance appraisal. The planning position may support development, but the two consents and their relationship require verification.

Buy-to-Let Analysis

BTL analysis cannot be established. No sufficiently specific rental evidence, completed accommodation, floor areas or development costs are supplied, and the asset is currently vacant land with planning rather than an income-producing property.

Flip Analysis

A development resale strategy may be possible, but no reliable flip surplus can be calculated. The detached sold comparables provide market context only and are not sufficiently detailed to value the consented units or establish total development costs and selling allowances.

Investor Risks & Due Diligence

• The two planning consents and whether they are alternative or cumulative schemes are not clarified.

• No unit sizes, specifications, drawings or detailed planning conditions are supplied.

• Construction, infrastructure, professional, finance and selling costs are unknown.

• The administration fee and other non-optional auction costs are unspecified.

• The sold comparables are detached-house transactions without sufficient detail to value the consented development units.

Recommendation

Treat as a planning-led development opportunity only after reviewing both consents, confirming the intended scheme, obtaining a full build-cost appraisal and checking all auction fees and obligations. Do not bid from the guide alone.

Strategy Rating

Analysis Confidence

Planning descriptions and nearby sales are supplied, but there are no unit sizes, drawings, detailed consent conditions, build costs, rental evidence, development finance assumptions or specified auction charges.