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For sale
£389,000

Depozitory, Nelson Street, Isle of Wight, PO33 2EZ

Studio
Housetype
Freeholdtenure

Listed 1 May 2026 · Ryde

How the price compares

This home£389,000
Median studio in PO33£295k4 homes listed
Difference+32%above the area median

Key features

  • Historic Wesleyan Chapel
  • Arranged over 3 floors
  • Some original features
  • Currently divided into work rooms
  • Currently listed as D1/D2 stores and premises
  • Offered as Chain Free

About this home

Dating back to 1832 and originally a Wesleyan Chapel. This unique building has been restored for the local community and is now known as The Depozitory. However, the property is suitable for a variety of uses, conversion to residential, air B & B , multi use or commercial. Currently listed as D1/D2 for the last 25 years.( stores and premises), any change will need verification.

History

Major refurbishment started in 2000 and has continued over the years. The open plan first floor has been divided into an airy open reception area and rooms have been partitioned off to allow for individual art display area, working art areas and meeting rooms. The first floor which still has the original 1832 ceiling rose is currently one large room with two smaller rooms to the front. Two winding sets of stairs connect these two levels. The current basement has a chequered floor and is currently used as a display area for local artists, near and far. Currently the whole property is used for a variety of events from annual dinner dances, arts group and display exhibitions. The property has been listed under D1/D2 all these past 25 years as " Stores and Premises".

The property with approximate measurements comprises:

Two sets of timber doors to:

Entrance area 6.44 m x 1.06 m (21'2" x 3'6")

Two arched windows into the main reception area.

Main reception area

Large open area which leads through to individual rooms. Exposed floor boards. Two sets of stairs either side of the entrance area lead to the first floor. Doors to:

Room 5.21 m x 3.42 m (17'1" x 11'3")

Window to side aspect. Exposed floor boards. Under stairs storage cupboard.

Room 3.42 m x 4.19 m (11'3" x 13'9")

Two windows to side aspect.

Room 4.22 m x 3.71 m (13'10" x 12'2")

Roller shutter to side aspect.

Room 4.16 m x 3.40 m (13'8" x 11'2")

Window to side aspect

Room 4.19 m x 3.62 m (13'9" x 11'11")

Window to side aspect

An open area leads on to a utility area and Cloak rooms

Kitchen area: Base units with sink and drainer

Shower room: Shower cubicle. Low level WC. Hand basin.

WC: Low level WC. Hand basin

Door to rear aspect and car park.

Stairs to first floor

Large open room

This area is open plan with two additional rooms partitioned off at the front of the property. 11 windows allow light and some views of the Solent. Exposed floor boards. The original 1832 ceiling rose is still in place.

Room 1: 3.70 x 3.65

Room 2: 3.70 x 3.65

Basement

A large area and ideal for exhibits and displays.

Additional information

Outside: Gates to either side of the property allow access to a parking area.

EPC: "D"

Business rates

Top floor area : 200 meter sq

Ground floor: 180 meter sq

Basement: 120 meter sq

Tenure: Freehold

Property details

Property type
House
Tenure
Freehold
Parking
Yes
Accessibility
No wheelchair access

Floorplan

Floorplan

Location

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  • Ryde Esplanade Station0.2 mi
  • Ryde St. Johns Road Station0.5 mi
  • Ryde Pier Head Station0.6 mi

What nearby homes sold for

Median sold prices in PO33 over the last 12 months: detached £383k · semi-detached £250k · flat £130k · terraced £194k.

AddressTypeSoldPrice
Flat 3, 11, Nelson Street
Ryde PO33 2EZ
Flat
Leasehold
23 Mar 2026£105,000
20 Nelson Street
Ryde PO33 2EZ
Terraced
Leasehold
17 Mar 2026£98,008
16 Nelson Street
Ryde PO33 2EZ
Terraced
Leasehold
4 Sept 2024£152,500
9 Nelson Street
Ryde PO33 2EZ
Terraced
Leasehold
17 May 2024£270,000
26 Nelson Street
Ryde PO33 2EZ
Terraced
Leasehold
28 Mar 2024£370,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in PO33

Buying costs

Monthly repayment£1,946£38,900 deposit · £350,100 loan
Stamp Duty£9,450England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Williams Isle of Wight, Wootton Bridge on Rightmove (original listing). First listed 1 May 2026; details checked 7 Nov 2026. Latest change: added on 01/05/2026.

Agent disclaimer

Disclaimer - Property reference YBW-88961884. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Williams Isle of Wight, Wootton Bridge. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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