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Cowes, Isle of Wight

South East

£565,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1442 sqft

Description

This four-storey end-of-terrace house presents a significant opportunity for renovation and investment, situated in a desirable location with impressive views of the Solent. The property is conveniently located near Castle Road, just a short distance from Cowes town center, which offers a variety of independent shops, restaurants, and access to the high-speed Red Jet ferry service to Southampton. Additionally, several prominent yacht clubs are within easy reach, making it an appealing spot for sailing enthusiasts. The current layout includes three bedrooms, providing a solid foundation for renovation efforts. On the ground floor, you will find an entrance hallway leading to a study with an outlook over Castle Road and a bathroom equipped with essential fixtures. The first floor features a spacious open-plan kitchen and living area that benefits from large windows and French doors that open onto a balcony with scenic views. This living space has great potential for modernization and customization. The lower ground floor houses another double bedroom with sea views alongside practical utilities like a utility room and cloakroom. There's also access to the garage below, which offers additional storage options. Outside, the property presents a sloping garden enclosed by metal railings, complemented by flowering shrubs. A decked terrace provides outdoor seating while maximizing the property's attractive outlook towards the sea. Notably, there is planning consent in place (Reference 23/01193/HOU) for extensive extensions that would allow for further enhancement of both living space and ocean views. This includes plans for enlarging the terrace and adding bi-fold doors to create an open-air ambiance. Additional amenities include parking space in front of the garage and an electric car charging point. With mains water, electricity, drainage, and gas services already connected—along with gas-fired central heating—the infrastructure is in place to support future developments. This property not only offers immediate living possibilities but also holds significant long-term investment potential through planned enhancements and its sought-after location close to Cowes' vibrant amenities.

Investment Analysis

(PO31 area)

Above Market Value

This property is priced +24.3% above area average per sq ft

+24.3%
This Property
£392/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£499,891
10% above area average per sq ft
Potential ROI
-22.5%
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

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
£2,070
Based on a loan of £423,750 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