A Ventnor property will be included in an online bidding auction on Wednesday.

The three-bedroom house at 9 Newport Road, Ventnor, is listed as a residential investment property and currently produces a gross income of £14,400 per annum.

The detached property is just a short walk from Ventnor town centre with spectacular sea views. The house comprises of a hall, reception room, kitchen/diner, utility room and bathroom with WC on the ground floor. There are three bedrooms on the first floor, while outside the house has a front decking and a garden area and has a guide price of just £91,000.

Ian Tudor, managing director at West Midlands-based Bond Wolfe Auctions, which is auctioning the property, said: “We understand that the property is let, subject to an Assured Shorthold Tenancy, at a rental figure of £1,200 per calendar month, or £14,400 per annum.

“This makes the guide price particularly attractive for potential investors and we expect considerable interest.”

The Ventnor house is the first Isle of Wight property to be auctioned by the Midlands company and the live-streamed auction starts at 9am and features 214 lots, with potential buyers bidding by proxy, telephone or internet only. 

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