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Albert Street, Cowes

South East

£180,000
Listed on 30/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
775 sqft

Description

Nestled on the quaint Albert Street, this three-bedroom character cottage offers a significant opportunity for those interested in renovation and investment. The property is conveniently located near the town center, providing easy access to various local amenities such as shops, cafes, and recreational facilities, making it an ideal spot for both residents and potential renters. While the home requires modern updates, it presents a blank slate for buyers to personalize according to their vision. The inviting ambiance of Cowes complements the prospect of transformation, appealing to those looking for a rewarding project that could enhance both lifestyle and value. The ground floor features a cozy lounge with a double-glazed window that allows natural light to fill the space. An adjoining kitchen/diner includes essential cabinetry and provides access to a rear lobby leading to the bathroom and garden. This area has ample room for dining arrangements, with plumbing available for convenient installation of appliances. Upstairs, you’ll find two well-sized bedrooms; the first boasts a charming view from its rear window while offering practical built-in storage in the second. A third bedroom on the upper level enhances the property's appeal with dual aspects that can be transformed into a spacious retreat or office. Outside, a small forecourt welcomes you at the front, while the rear garden features two patio areas that lend themselves well to outdoor living or entertaining spaces. This property not only offers residential comfort but holds promising investment potential due to its location and extensive renovation possibilities. This freehold property is classified under Council Tax Band B, further enhancing its appeal for prospective owners or investors seeking value in an upwardly mobile area.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -26.3% below area average per sq ft

-26.3%
Potential saving
This Property
£232/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£268,665
10% above area average per sq ft
Potential ROI
+22.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PO31)

Area prices are rising by +8.6% over the last 12 months
3 year growth: 7.8%
5 year growth: 25.6%
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

Albert Street, Cowes
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£659
Based on a loan of £135,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE