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RETAIL OPPORTUNITY WITH ACCOMODATION - High Street, Cowes

South East

£900,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2726 sqft

Description

This unique property presents a significant renovation opportunity in the heart of Cowes, featuring a traditional commercial ground floor shop space along with upper floors that could be transformed into attractive residential accommodation. Comprising four bedrooms and two bathrooms, the upper floors include spacious reception areas with period features, offering potential for modernisation and redesign. A noteworthy highlight is the observatory at the top of the building, providing panoramic views over Cowes and the Solent, which could serve as a remarkable living or leisure space. The separate entrance to the residential area allows for privacy and conversion possibilities. With its rich history dating back to 1862 as a well-regarded jewellers, there remains great scope to revitalise this charming property into either a boutique business or an inviting home with income potential from the commercial space below. The garden adds further appeal and can be developed to enhance outdoor living. This property is sold chain-free, allowing for a quick transaction process.

Investment Analysis

(PO31 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£330/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
£945,009
10% above area average per sq ft
Potential ROI
-3.6%
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

RETAIL OPPORTUNITY WITH ACCOMODATION - High 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
£3,297
Based on a loan of £675,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE