Aerial pictures of the property present the again of it’s simply yards away from the cliff edge.
Illustrative inventory picture of a ‘on the market’ signal. (Picture: Getty)
A vacation dwelling within the Isle of Wight only a stone’s throw from a reasonably seashore goes underneath the hammer with a information worth of simply £5,000 – however there is a catch. The 2-bedroom bungalow, situated close to Freshwater in West Wight, is being marketed by property brokers Pittis as an “immaculate brick constructed vacation bungalow” that “provides breathtaking sea views of Hurst Fort & Colwell Bay” and is only a “quick stroll to Colwell Bay seashore, making this an excellent seaside vacation retreat”.
In response to the agency it was not too long ago “upgraded with fashionable toilet & kitchen amenities”. Nevertheless, potential patrons should be proud of buying property on one of many UK’s fastest-eroding stretches of coast. Aerial pictures of the property present the again of it’s simply yards away from the cliff edge, which has receded in-land over time by means of coastal erosion.
The property agent’s itemizing Pittis’ itemizing advises viewing as the worth ‘displays the proximity to the cliff edge’. (Picture: Steve Mew/Bav Media)
Emma Carter, a councillor at Freshwater parish council stated that whereas there’s “all the time been coastal erosion there”, it is “actually been fairly appreciable previously three years”.
“The moist climate meant we had some slips final week and previously there have been appreciable chunks which have come down,” she instructed The Telegraph.
Ms Carter stated she “would not be comfy standing on the sting by the constructing and being that near the cliff with out pondering that it is windy sufficient to blow me over”.
The newspaper reported that two neighbouring properties have been condemned and pulled down in 2024 after being deemed unsafe to stay in, although it wasn’t made clear whether or not this was as a consequence of coastal erosion.
There are additionally different necessary issues for anybody fascinated by snapping the property. As a vacation dwelling, it can’t be lived in all year long, as planning regulation limits occupancy to 41 weeks per 12 months.
And whereas this implies it is not topic to the council tax premium, there are different prices patrons must consider, together with being “required to signal a reservation settlement and make cost of a non-refundable Reservation Price, this being 4.5% of the acquisition worth together with VAT, topic to a minimal of £6,000.00 together with VAT”.
Pittis explains that this charge is paid “along with buy worth and can be thought-about as a part of the chargeable consideration for the property within the calculation for stamp obligation legal responsibility”.
The client will even should make a £349 cost towards the preparation price of the Purchaser Info Pack.
Pittis’ itemizing advises viewing as the worth “displays the proximity to the cliff edge”. It famous that viewings of the property by appointment are going down tomorrow (Saturday, February 7) forward of the net public sale.
The property company says that the property is “topic to an undisclosed Reserve Value with each the Reserve Value and Beginning Bid being topic to alter”.
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It isn’t recognized what the instant dangers, if any, are posed by the newly-listed constructing’s location. Finally it’s the accountability of a surveyor and the customer to guage dangers posed by erosion.
Categorical.co.uk has approached Pittis for remark.
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