The asking price of a property that appeared on TV’s Grand Designs has been slashed by almost £1million in just six months.
The owners Bram and Lisa Vis have taken the drastic step after the ultra-modern property with six bedrooms failed to sell.
The significant reduction has seen the asking price drop from £3.95million in autumn last year to £2.99million today and means the couple are selling the property for less than the project cost to complete.
The huge 7,200 square foot house is set within 2.2 acres of land with an additional 3.8 acres of private beach, along with a heated swimming pool and a jacuzzi.
The Isle of Wight property appeared on TV’s Grand Designs in 2015 and has been on the market since last year
The luxury home on the Isle of Wight was completed in 2014, and featured on Channel 4’s Grand Designs the following year.
During the programme, presenter Kevin McCloud explained how the project had cost the owners ‘more than they could ever have imagined’.
He went on to describe it as ‘the most expensive project I have followed’.
The huge 7,200 square foot six-bedroom modern house is set within 2.2 acres of land with an additional 3.8 acres of private beach, along with a heated swimming pool and a jacuzzi.
The ultra-modern home was completed five years ago, and cost much more than was original budgeted
The asking price of the striking modern property has been slashed by almost £1million in just six months
The 7,200 sq ft property is called Fairways and is in the coastal village of Quarr on the Isle of Wight
The couple’s original budget was £835,000. This was to cover the cost of the build and did not cover the cost of the land that came with its own private beach.
But the finished cost of the build was significantly more – in fact, almost three times as much – at £2.2million.
Add in the £935,000 cost of the land and the owners suggested the property cost a total of ‘£3.2million.£3.3million’.
The owners Bram and Lisa Vis have taken the drastic step of reducing the property after it failed to sell
Grand Designs’ Kevin McCloud described the house, saying: “There is… a faint whiff of footballers’ wives about this place.”
It has six bedrooms, including a master bedroom suite that comes with its own roof terrace
During the programme, accountant Bram explained the couple’s financial woes, saying: ‘The mortgages are not necessarily a problem. Paying them off might be a problem.
‘We are not really worried about that at the moment because we are more worried about getting the money to finish off the house.’
Don’t fancy a dip in the sea? There is also a heated swimming pool at the property
State-of-the-art technologies include ground source heat pumps that heat the property via underfloor heating
Plenty of fun! There is also a games room, a music room, a gym and a laundry room
The 7,200 sq ft property is called Fairways and is in the Isle of Wight coastal village of Quarr.
It has six bedrooms, including a master bedroom suite that comes with a roof terrace.
The bespoke property also boasts a games room, a music room, a gym and a laundry room.
State-of-the-art technologies includes triple glazed windows, and ground source heat pumps that heat the property via underfloor heating.
The large master bedroom has spectacular views and has doors leading out onto the roof terrace
State-of-the-art technologies include triple glazed windows throughout, which helps with energy-saving
The house is ultra-modern, with Kevin stating in the programme: ‘It is going to look like a case study house of international modernism. There is that, there is also a faint whiff of footballers’ wives about this place.’
Rightmove’s property expert Miles Shipside added: ‘As viewers of Grand Designs will know, this property really does have that special ‘wow’ factor. The house is a glorious feat of architectural design and property lovers will find exploring it a real joy.’
Stunning features: This TV room has an unusual curved wall of architectural glass
There is also planning consent for a detached guest house of around 1,500 sq ft to the west of the house
There is provision for a lift to be installed at the property, with a shaft and electrics already in place
Picture perfect: The private setting includes mature trees, areas of wildflowers and views of the sea