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Mill Hill Road, Cowes

South East

£240,000
Listed on 06/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

Located in Cowes, this three-bedroom semi-detached house presents a promising investment or family home with significant potential for modernization. The ground floor features a spacious lounge and dining room, complemented by a kitchen that opens into the generous rear garden. While the cloakroom and bathroom are functional, they exhibit signs of wear, inviting updates. Upstairs, three well-sized bedrooms provide ample accommodation, and there's additional scope for transformation with a loft space that may be convertible (subject to appropriate approvals). A front driveway accommodates off-road parking for two vehicles, enhancing convenience. Overall, the property requires some refurbishment but offers an excellent opportunity to enhance its value and create a tailored living space in this desirable location.

Investment Analysis

(PO31 area)
Area Average
£315/sq ft
Avg Rent (weekly)
£258
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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
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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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