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Coronation Avenue, Cowes, Isle of Wight

South East

£399,950
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
896 sqft

Description

This detached bungalow presents a noteworthy opportunity for those interested in renovation and investment. Nestled in a desirable neighborhood, the property enjoys the benefits of a strong community atmosphere, with local schools and public transport options conveniently nearby. The area is also great for outdoor enthusiasts, offering various walking and cycling routes to explore. Inside, the bungalow features a spacious living area that can be transformed into an airy and welcoming environment for both relaxation and entertaining. The kitchen, while in need of updating, boasts a practical layout that sets the stage for a contemporary redesign tailored to your taste. With three generously sized bedrooms, this home offers flexibility to suit different needs—whether accommodating family members, guests, or creating a dedicated workspace. The rear garden provides a private haven with ample potential for landscaping or developing into an outdoor retreat, making it an ideal space for leisure activities or gardening enthusiasts. In front, there's a driveway with sufficient off-street parking and a garage that adds extra storage or workshop capability. This property is not just a home—it's an opportunity for buyers looking to invest in their future by modernizing and enhancing its existing charm.

Investment Analysis

(PO31 area)

Above Market Value

This property is priced +41.6% above area average per sq ft

+41.6%
This Property
£446/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£310,612
10% above area average per sq ft
Potential ROI
-31.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Coronation Avenue, Cowes, Isle of Wight
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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
£1,465
Based on a loan of £299,962 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