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Mill Hill Road, Cowes PO31 - Image 1
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Mill Hill Road, Cowes PO31

South East

£240,000
Listed on 06/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
785 sqft

Description

Located on Mill Hill Road in Cowes, this three-bedroom semi-detached property presents a promising opportunity for both families and investors. The ground floor features a lounge with a bay window, a separate dining room with characterful features, a kitchen that opens to the rear garden, and essential amenities including a cloakroom and bathroom. The first floor hosts three well-sized bedrooms, with the potential for further enhancement of the generous loft space—ideal for conversion into an additional room (subject to necessary approvals). The exterior includes off-road parking for two vehicles and a spacious rear garden, allowing for outdoor enjoyment or landscaping potential. This home requires modernization, offering clear avenues for improvement to enhance both functionality and value in a sought-after location.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -3.0% below area average per sq ft

-3.0%
Potential saving
This Property
£306/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£258
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£272,132
10% above area average per sq ft
Potential ROI
-1.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (PO31)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +2.7%
5 year growth: +21.1%
Investment Disclaimer: Analysis based on PO31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Mill Hill Road, Cowes PO31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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