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Park Road, Cowes, Isle of Wight

South East

£365,000
Listed on 24/02/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1227 sqft

Description

Nestled in one of Cowes’ highly sought-after streets, this spacious three-bedroom semi-detached house presents a promising opportunity for those looking to invest in a property with significant renovation potential. With the right vision, this home could be transformed into a stylish and personalized family residence that reflects modern living. The ground floor comprises a sizable separate dining room that invites family gatherings and entertaining. The kitchen is generously proportioned and features views of the garden, offering direct access to outdoor space—a feature that enhances the possibility of creating a seamless indoor-outdoor flow. The living area is both bright and welcoming, spotlighted by a charming bay window that fills the room with natural light, making it an ideal space for relaxation. On the upper level, the master bedroom stands out for its generous size and classic features, including a prominent chimney breast and another bay window. The second bedroom is also well-sized, complete with garden views, providing an inviting atmosphere perfect for rest or study. The third bedroom is thoughtfully designed as a single room, suitable for various uses such as a child’s space, guest accommodation, or even a home office. The outdoor area boasts a spacious garden that holds considerable potential for future enhancements—whether you envision an extension or perhaps adding a garden chalet to create additional living space or an entertaining area. Ample off-road parking is available thanks to the large driveway. Convenience is another appealing aspect of this location. Nearby amenities include local shops, Cowes town center, and scenic Northwood Park. This property not only offers ample room to grow but also sits within a vibrant community atmosphere. With its classic character and abundant possibilities for modernization or expansion, it represents an excellent investment opportunity for families or investors seeking value in Cowes.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -9.5% below area average per sq ft

-9.5%
Potential saving
This Property
£297/sq ft
Area Average
£329/sq ft
Avg Rent (weekly)
£239
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£36,500 - £91,250
10-25% of property value
Target Value
£443,781
10% above area average per sq ft
Potential ROI
-2.7%
After renovation
Monthly Sales
13
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PO31)

Area prices are rising by +8.7% over the last 12 months
3 year growth: 14.9%
5 year growth: 32.5%
Investment Disclaimer: Analysis based on PO31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Park Road, Cowes, Isle of Wight
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