ON THE Isle of Wight, 12 property lots, including a prized waterfront building, are scheduled for auction later this month.


The lots, listed by Clive Emson Auctioneers, features the Prince Consort, on St Thomas Street in Ryde, with an indicated price of over £400,000. 

Isle of Wight County Press: 12, Footways, Wootton Bridge.12, Footways, Wootton Bridge. (Image: Deep South Media)

Another listing is a freehold, two-bedroom bungalow at 12 Footways, Wootton Bridge, requiring refurbishment and upgrading, with a guide price upwards of £185,000.

Meanwhile, a self-contained, one-bedroom flat at 4 Victoria Lodge on Monkton Street, Ryde, needs refurbishment and upgrading, coming with a 125-year lease from 1987, priced upwards of £50,000.

Isle of Wight County Press: 4 Victoria Lodge, 71 Monkton Street, Ryde.4 Victoria Lodge, 71 Monkton Street, Ryde. (Image: Deep South Media)

Auctioneer, Rob Marchant, highlighted the three-storey, centrally-located building at 120 High Street, Ryde.

Bringing in £27,850 per year, it is arranged with a retail unit on the ground floor and four studio flats on the upper floors — deemed ideal for rental. The guide price is upwards of £250,000. 

Among the other listings is a one-bedroom flat at Coniston House, 9 Coniston Drive, Ryde — a Victorian 'gentleman's residence' — with a 999-year lease and a starting price above £70,000.

Another unique property is town centre investment, 2 Clarence Buildings, Avenue Road, Freshwater, which includes a shop and three flats, but requiring refurbishment.

The building layout includes a lock-up shop unit, small ground floor flat and a larger first floor flat, sold under a long leasehold, while the second floor holds a two-bedroom flat with rental potential.

An end-terrace freehold house with two bedrooms at 57 Adelaide Grove, East Cowes, has a starting price of £150,000.

On 69-71 Regent Street, Shanklin, a double-width former shop unit rented out for £11,000 annually, has a guide price over £80,000, with a 125-year lease.

A three/four bedroom house at 2 Kent Road, Ventnor, described as "very worthy of significant upgrading and refurbishment", is listed for £180,000-plus.

A five-bedroom, semi-rural farmhouse in Rew Street, Gurnard, has a guide price of between £300,000 and £330,000.

The farmhouse, originally two cottages, has potential to be divided back into two smaller properties.

Isle of Wight County Press: 23A and 23B Cross Street, Sandown, is up for auction.23A and 23B Cross Street, Sandown, is up for auction. (Image: Deep South Media)

A semi-detached town centre property with two flats, requiring improvements, at Cross Street, Sandown, is listed for £200,000-plus.

Currently let, Tintos, a freehold street bar with a three/four bedroom flat, at 24, Pier Street, Ventnor, has a guide price of £190,000-£210,000.

The property has noted potential for investment or owner occupation.

The auction ends on March 20, with bidding beginning 48 hours prior.