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Yarborough Road, East Cowes

South East

£215,000
Listed on 12/04/2024

Property Details

Bedrooms
2
Type
Semi-detached house
Area
851 sqft

Description

Explore the potential of this two-bedroom semi-detached home situated in the charming neighborhood of East Cowes on the Isle of Wight. Just a short distance from the serene River Medina, residents can enjoy a picturesque backdrop while benefiting from easy access to local amenities, including shops and dining options. The nearby Osborne Golf Club adds an extra layer of appeal for golf enthusiasts seeking leisure activities close to home. This property offers two well-proportioned bedrooms, providing a solid foundation for comfortable living. A separate downstairs W/C enhances convenience, catering to both residents and visitors alike. While the home is primed for modernisation, it presents an inviting canvas for those with a vision for transformation—whether that be updating interiors or enhancing its overall aesthetic. The back garden is another highlight, offering a private outdoor space with considerable potential. With some thoughtful landscaping and design, it could become a tranquil retreat for relaxation or entertaining friends and family during warmer months. Living in East Cowes means that you are surrounded by natural beauty and recreational opportunities. Residents can take leisurely strolls along the river or enjoy a day on the links at the nearby golf course, which perfectly balances peaceful living with active lifestyles. This semi-detached house represents an exciting renovation opportunity in a desirable location, making it ideal for investors or those looking to create their perfect home in a thriving community.

Investment Analysis

(PO32 area)

Below Market Value

This property is priced -9.8% below area average per sq ft

-9.8%
Potential saving
This Property
£253/sq ft
Area Average
£280/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£21,500 - £53,750
10-25% of property value
Target Value
£262,295
10% above area average per sq ft
Potential ROI
-2.4%
After renovation
Monthly Sales
10
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PO32)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 5.2%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on PO32 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

Yarborough Road, East Cowes
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