A wonderful chance to develop a piece of land in a sought after area of the Isle Of Wight in the village of Gurnard.
Positioned at the end of a private road, there are only 6 other houses in this road and boast views of The Solent and Gurnard Luck.

The house is a 2-bedroom, with a study and living space upstairs that could be used as a third bedroom.
Building costs are reduced due to the favoured timber frame method used on the island. Utilities up to the site.
Plot is clear and ready to build. Conditions have been discharged and the planning permission has been cleared as extended.

The financials:
▪ Purchase price: £110,000
▪ GDV: £295,000
▪ Purchase costs: £2,500
▪ Profit once sold: £42,925
▪ ROCE: 369%
▪ Refurb costs: £113,850

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.