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Savills auction lot · Isle of Wight74 Solent Gardens, Freshwater, Isle of Wight, PO40 9PW
3 bed terraced house in Isle of Wight (PO40 9PW), for sale by auction with Savills on 8 December 2026, lot 504. Guide £125,000+.
Finance view
Good
Lendable, with points a lender will check first. The loan that fits: Heavy refurbishment, as this is the lot is described as needing work.
Likely loan
Up to 70% of the pricePlus up to 100% of the works
On the expected hammer
About £101,000The guide plus 15%; Savills lots have sold at +22% on the guide (median of 248)
Example rate
0.9% to 1.15% a monthArrangement fee about 2%
In its favour
Sold vacant
What a lender will look at
Check Outside London and the Home Counties (Isle of Wight): fewer lenders, and values need strong local evidence
Check No station within a 20-minute walk (nearest: Lymington Pier, 7.9 km)
If you let it
Typical rent about £1,092 a month, a gross yield of 9.1% on the expected hammer. The rent supports a 75% buy-to-let mortgage (up to about £191,000), so refinancing out of a bridge works on these figures.
ONS average for a 3-bed home in Isle of Wight, Sept 2026. Refinance test: rent covers the interest 125% at a 5.5% stress rate, as lenders test a limited company; personal borrowers are often tested harder.
Information a lender will need first
The tenure (freehold or leasehold)
The floor area (an EPC or a floorplan)
What a lender will ask you for on a heavy refurbishment
Photo ID and proof of address
Proof of your deposit and where it came from
The legal pack, read by your solicitor before you bid
Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
A schedule of works with costs
A builder's quote
A structural engineer's report if the works are structural
We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Stations from NaPTAN.
Closest comparables
The nearest sales of homes like this one in the last two years, from HM Land Registry, graded the way a lender reads them. 160 similar sales within 1.5 km.
We grade vacant homes inside the M25 automatically. This lot has the basic details only, because it is outside the M25. Tell us what you need and we'll come back to you, usually within a working day.
Thanks: your enquiry is with us. We'll email or call you, always before the sale.
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We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Illustrative only, not an offer of finance: rates, fees and loan sizes depend on the lender, the property and you. Stamp duty, legal costs and the buyer's fee are not included. Your property may be repossessed if you do not keep up repayments on a loan secured on it.
Indicative terms · Auction Watch
Indicative terms
Subject to
Indicative only, from the figures above: not an offer of finance or advice. A specialist will confirm the terms. Your property may be repossessed if you do not keep up repayments on a loan secured on it. Auction Watch is not a lender and does not give financial advice. If you ask for terms, we pass your details to lenders and brokers we work with, who may pay us a fee for the introduction; they make their own decisions and offers. If you are buying a home to live in yourself or for your family, that is a regulated mortgage: we only introduce you to a firm authorised by the Financial Conduct Authority.