Stonelands Park, Ryde
£100,000

Nestled in the charming Binstead Village, this detached house offers a unique investment opportunity for those with a keen eye for potential. With 4 reception rooms, 4 bedrooms, and 3 bathrooms, this property provides ample space for comfortable living. That said, the house is currently uninhabitable having flooded well into the first floor.

One of the standout features of this property is the garage & parking spaces available for up to 4 vehicles, ensuring convenience for both residents and guests. The property's layout presents a canvas for creativity, with the potential to renovate the existing structure or embark on a new design that caters to potential risk of future flooding.

Situated by a brook that has been identified as the source of flooding, there is an exciting opportunity to address this issue and mitigate future risks. Cash buyers with a vision for innovation and a willingness to explore solutions to prevent or improve flooding are invited to consider this investment.

Don't miss out on the chance to transform this property into a resilient and bespoke living space. Embrace the challenge and seize the opportunity to create a home that not only meets your needs but also addresses environmental considerations.

Entrance Hall

Lounge (6.12m x 3.33m (20'1 x 10'11))

Kitchen/diner (8.23m x 4.32m (27'0 x 14'2))

Dining Room (3.40m x 2.77m (11'2 x 9'1))

TV Room/Study (3.40m x 2.69m (11'2 x 8'10))

Utility Room & Cloakroom (3.48m x 2.62m (11'5 x 8'7))

Landing
Loft hatch

Built in Cupboard

Principal Bedroom (5.00m plus wardrobes x 3.38m (16'5 plus wardrobes)

En Suite (2.74m x 1.47m (9'0 x 4'10))

Bedroom (4.29m x 3.12m plus wardorbes (14'1 x 10'3 plus war)

Bedroom 14'6 plus wardrobe x 10'5 max

Bathroom (3.40m x 2.18m (11'2 x 7'2))

Bedroom (3.40m x 2.82m plus wardrobes (11'2 x 9'3 plus ward)

Shower Room (2.72m x 1.91m (8'11 x 6'3))

Double Garage (5.66m x 4.78m (18'7 x 15'8))
With an up and over door. Door to side. Pitched roof.

Driveway
Brick paved driveway with spaces for 4 vehicles

Gardens
The house sits in a chine-like plot with a brook flowing through it at its lowest point surrounded by sloping banks. The plot sits down below road level largely hidden from its surroundings. This makes for an idyllic spot but is also one of the contributing factors to the flooding history of the property. Established trees sit along three of the plot boundary making for a natural feeling environment. A patio sits off the kitchen/diner to the south side of the house and a raised deck protrudes on the west side overlooking the brook and garden.

Flooding History Disclosure
In our opinion, the unfortunate flooding of this property will present a risk to the new owner unless mitigated, for example, by a redesigned new build or potentially altering the culvert and its entrance which runs under the main road. These, and any other options will need to be explored by any interested party. The house flooded in 2024 and 2022. Any upgrading to the culvert, alteration to the brook or demolishing of the existing house in favour of a new design will no doubt attract formal permissions and approval from the relevant governing bodies. We fervently advise investigating the potential of this site to fulfil the opportunity this plot/house will afford.

Tenure
Freehold

Council Tax
Band F

Flood Risk
High risk from surface water. Medium risk from sea and rivers.

Mobile Coverage
Limited coverage from EE, O2, Vodaphone and Three

Broadband Connectivity
Wightfibre and Openreach networks. Ultrafast fibre available.

Construction Type
Built early 2000's. Standard construction.

Services
Unconfirmed gas, water, electric and drainage. As the property has extensive water damage we suggest that the suitability of all connections are checked prior to purchase.

Agents Note
Our particulars are designed to give a fair description of the property, but if there is any point of special importance to you we will be pleased to check the information for you. None of the appliances or services have been tested, should you require to have tests carried out, we will be happy to arrange this for you. Nothing in these particulars is intended to indicate that any carpets or curtains, furnishings or fittings, electrical goods (whether wired in or not), gas fires or light fitments, or any other fixtures not expressly included, are part of the property offered for sale.