# 2 bedroom apartment for sale (PO38 1EG)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 1, 9 DEVONSHIRE TERRACE, VENTNOR, ISLE OF WIGHT PO38 1EG |
| Price | £276,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £272,250 Apr 2025 |

## Description

Something  special, and should be viewed, if you want to experience Ventnor’s unique seaside atmosphere.  A very rare opportunity to purchase a charming, spacious, high ceilinged, two bedroom apartment, in this prestigious location on the Ventnor coast. Not only sea views, but you can drink in the wonderful sea air. The apartment has just been refurbished, to a high standard with new bathroom and kitchen and decorated throughout. A very short walk, on the level to Ventnor’s lively town centre with its numerous eateries and interesting shops. Being directly on the coast it is only a very short walk down to Ventnor beach and charming sea front. Hideaway Steephill Cove, Wheeler`s Bay and Bonchurch are also within traffic-free walking distance along the beautiful coast. The French-windows of the lounge open onto a sheltered south facing terrace and small garden. The flat also has another larger sheltered garden with special coastal atmosphere, just asking for a summer house. The apartment has one allocated parking space on private Devonshire Terrace and a garage/storage space for gardening and beach paraphernalia. There are private entrances onto Devonshire Terrace and Dudley Road. Public transport is just round the corner.

## Property Photos

- ![Photo](/listings/photos/146781494/1358101)
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## Floorplans

- ![Floorplan 1](/listings/photos/146781494/1358135) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/146781494/1358138) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 9 FLAT 1 DEVONSHIRE TERRACE, VENTNOR, ISLE OF WIGHT, PO38 1EG | £272,250 | 28/04/2025 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| CLARENDON COURT 11 POUND LANE, VENTNOR, ISLE OF WIGHT, PO38 1HY | £132,000 | 23/05/2023 | Flat |
| 47 GARDEN FLAT ALBERT STREET, VENTNOR, ISLE OF WIGHT, PO38 1EU | £140,000 | 10/05/2023 | Flat |
| 94 FLAT 3 HIGH STREET, VENTNOR, ISLE OF WIGHT, PO38 1LU | £105,000 | 08/03/2023 | Flat |
| 93A HIGH STREET, VENTNOR, ISLE OF WIGHT, PO38 1LU | £145,000 | 24/06/2022 | Flat |
| JELLICOE HOUSE, 52 FLAT 8 HIGH STREET, VENTNOR, ISLE OF WIGHT, PO38 1LT | £124,000 | 14/06/2022 | Flat |
| 5A MARKET STREET, VENTNOR, ISLE OF WIGHT, PO38 1HF | £162,000 | 14/04/2022 | Flat |
| BAY COURT FLAT 3 WHEELERS BAY ROAD, VENTNOR, ISLE OF WIGHT, PO38 1HU | £225,000 | 14/04/2022 | Flat |
| 8 FLAT 2 ALEXANDRA GARDENS, VENTNOR, ISLE OF WIGHT, PO38 1EE | £140,000 | 11/04/2022 | Flat |
| 68A HIGH STREET, VENTNOR, ISLE OF WIGHT, PO38 1LU | £167,000 | 08/04/2022 | Flat |
| 95 HIGH STREET, VENTNOR, ISLE OF WIGHT, PO38 1LY | £120,000 | 31/03/2022 | Flat |
| GARDEN FLAT, 50A HIGH STREET, VENTNOR, ISLE OF WIGHT, PO38 1LT | £120,000 | 13/01/2022 | Flat |
| 36 FLAT 3 VICTORIA STREET, VENTNOR, ISLE OF WIGHT, PO38 1ES | £193,500 | 02/12/2021 | Flat |
| OLIVER COURT, 43 FLAT 5 SOUTH STREET, VENTNOR, ISLE OF WIGHT, PO38 1BN | £119,000 | 26/11/2021 | Flat |
| 7B THIRD FLOOR FLAT PIER STREET, VENTNOR, ISLE OF WIGHT, PO38 1ST | £54,000 | 05/11/2021 | Flat |
| JELLICOE HOUSE, 52 FLAT 5 HIGH STREET, VENTNOR, ISLE OF WIGHT, PO38 1LT | £150,000 | 03/09/2021 | Flat |
| [Same street] 1 DEVONSHIRE TERRACE, VENTNOR, ISLE OF WIGHT, PO38 1EG | £902,500 | 02/09/2021 | Flat |
| JELLICOE HOUSE, 52 FLAT 9 HIGH STREET, VENTNOR, ISLE OF WIGHT, PO38 1LT | £242,000 | 28/07/2021 | Flat |

**Street average:** £902,500 (1 sale)
**Area average:** £146,156 (16 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £184,893 (7 Flat, PO38, 2024–2026)
- **Deviation:** +49.3%

## Rental Range

*ONS Price Index of Private Rents (Isle of Wight). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £851/mo
- **Realistic:** £946/mo
- **Optimistic:** £1,041/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Penthouse, Palmerston House, PO38 | £1,000/mo | 2 | 0.18 miles | OpenRent |
| 2 Bed Flat, High St, PO38 | £895/mo | 2 | 0.19 miles | OpenRent |
| 2 Bed Flat, Ardmore House, PO38 | £950/mo | 2 | 0.2 miles | OpenRent |
| 2 Bed Flat, Belmont House, PO38 | £900/mo | 2 | 0.29 miles | OpenRent |
| 2 Bed Flat, Alpine Road, PO38 | £995/mo | 2 | 0.33 miles | OpenRent |
| 2 Bed Flat, Shore Road, PO38 | £875/mo | 2 | 0.55 miles | OpenRent |

**Average rent: £936/mo (6 listings)**

## 1% Rule

- **Rent ratio:** 0.34% (weak for cashflow)
- **Max investor price (0.8%):** £115,625
- **Target investor price (1%):** £92,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £925/mo).*

- **Gross yield:** 4%
- **Cost-to-rent:** 24.9×
- **Monthly cashflow:** £-279/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -4.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 3.9%
- **10y growth:** 1.7%

## House Price Index (HM Land Registry)

*Official index for Isle of Wight; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -5.7%
- **5y growth (index):** -5.5%
- **10y growth (index):** 17.1%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)