Property description

An amazing opportunity to acquire a blank canvas project in a fantastic location!

Bank Acre

Is a large (potentially 4-5 bedroom) semi-detached property situated in a beautifully secluded area off Madeira Road on a private road near Bonchurch. The property has lovely views of the sea to the front and St Boniface to the rear and is only a short walk to Bonchurch village and pond, Ventnor town centre, beach and stunning coastal walks.
We're told Bank Acre was built in the 50's and converted into two apartments in the mid 70's and remains as two apartments, however as the renovation work has only just started and will remain unfinished (as shown in the photos) this would be the right time to convert the apartments back to one house (subject to local planning) with upside down living to make the most of the views and balcony, with bedrooms downstairs and studio above the garage.
However the apartments would make great holiday lets or long term letting investments for anyone looking to add to their investment portfolio.

Current Accommodation: Ground Floor

The ground floor is currently comprises 2 bedrooms, sitting/dining room, shower room and kitchen with door out to the rear garden. The apartment is tired, but is warmed by a combination gas boiler via radiators. There's new double glazing on all external windows and a new composite front door provides security. The ground floor apartment has two parking spaces on the front driveway and opposite.

Current Accommodation: First Floor

Accessed via the steps up by the garage, the first floor apartment really is a blank canvas! A new double glazed door opens rooms that have been stripped back to bare brick and floorboards. Double glazed french doors open onto the balcony area and there's great views to the front and the rear. There is also an external studio/office/bedroom above the garage, which also has fabulous views to the front and rear. The first floor apartment also has two parking spaces, the garage and the garage forecourt.

The loft could also be converted (subject to planning), and is already boarded with velux window to the rear overlooking St Boniface.

Further Information

The property is under one title and owns the land behind the house to Madeira Road and in the front to include a path down to the other side of Madeira Road.
The rear garden extends across the entire width of the property with wonderful views of the St Boniface slopes beyond.
There is also a small parcel of land opposite the property with steps down to Madeira Road (heading west into town). Subject to consent, this could be developed into additional parking or garden.

Bonchurch

The coastal village of Bonchurch is set within an area of outstanding natural beauty and is protected by the imposing backdrop of St Boniface Down. It is an enchanting, hidden village, with an almost undiscovered feel and yet is only a 15 minute walk away from the quirky Victorian seaside town of Ventnor as is believed to be one of the oldest settlements on the Isle of Wight.

Ventnor

Ventnor is a charming Victorian coastal town at the south of the Isle of Wight protected by St. Boniface Down – the highest point on the island. This creates a micro-climate which encourages lush vegetation and varied wildlife and some of the UK’s sunniest summers and mildest winters.

The western esplanade has a part sand, part fine shingle beach, good for sunbathing and swimming with nearby pubs, cafés, amusements and paddling pool. The eastern promenade leads to Bonchurch, the Island’s best preserved Victorian village much favoured by prominent Victorian literati. Charles Dickens wrote part of David Copperfield whilst staying at Bonchurch which he described as “The prettiest place I ever saw in my life, at home or abroad”.

In Victorian times Ventnor became a fashionable holiday and health resort. Sir James Clark, Queen Victoria’s doctor, endorsed the health-giving properties of Ventnor’s climate “Nothing along the south coast will bear comparison with it” he enthused. The town is currently reinventing itself as a stylish destination with new residential development, luxury hotels, wine bars, a piano bar and a new harbour. It was recently listed in the Top Ten best coastal towns in Britain in Coast magazine!
Amenities

Amazing project!

Fabulous location!

Super sea and countryside views!

Two apartments or one house (subject to planning)

Ample parking

Short walk to town centre & beach

Viewing strongly advised!