Rural properties for sale: Isle of Wight values are insulated from the UK property market

Added: (Tue Aug 12 2008)

Pressbox (Press Release) - Prime waterfront country properties, often bought with cash rather than mortgages are still selling in the hotspots of Cowes, Seaview and Bembridge on the Isle of Wight.

Sam Biles of estate agents Creasey Biles and King (Tel: 01983 282222), attributes the relative stability of the Isle of Wight's elite property market to the narrow strip of water that separates the island from the rest of Hampshire. He says: "Traditionally, the Solent has proved a natural barrier to the ups and downs of the property market in the rest of south-east England".


Creasey Biles estate agents quotes a guide price of £2.1m for the elegant Regency Oakhill, in Baring Road, Cowes, 300 yards from the Royal Yacht Squadron.


Built in the early 1800s in the style of John Nash, striking blue-painted Oakhill looks out across the Solent towards Calshott and the New Forest, and has three main reception rooms, eight bedrooms, six bath/shower rooms, a separate artist's studio and terraced gardens.


Estate agents Savills (Tel: 02380 713990) is offering Seahaven at Port La Salle, a mile east of Yarmouth on the island's north-west coast, at a guide price of £1.25m. The six-bedroom house is the eastern wing of an Edwardian mansion, which was originally built for the Duchess of Carnarvon. The property comes with a 25ft jetty, as well as 40ft of water frontage and an offshore mooring leased from the Crown Estate.


To read Penny Churchill’s full article, and for the latest country houses for sale see the August 6th issue of Country Life or visit Country Life.


Notes to Editors
The online arm of Country Life, Countrylife.co.uk brings over 100 years of editorial and commercial excellence to the web. The site allows users to instantly immerse themselves in the Country Life world from the comfort of their home.