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South Bank Road, East Cowes - Image 1
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South Bank Road, East Cowes

South East

£240,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
872 sqft

Description

This three-bedroom family home located in a residential area of East Cowes presents an excellent opportunity for renovation and investment. Positioned on a corner plot, the property offers ample space for personalized updates, making it ideal for buyers looking to put their own stamp on their living environment. Upon entering, you are greeted by a spacious living room featuring a stone fireplace and abundant natural light through the double-glazed bay window. The kitchen diner is well-sized and overlooks the rear garden, providing a functional layout for family meals. The adjacent utility room adds convenience with plumbing options for appliances and direct access to the garden. The first floor houses three sizeable bedrooms, each thoughtfully equipped with built-in wardrobes. A shower room and separate W.C. provide practical amenities, while the overall second-floor design facilitates easy adaptation or expansion if desired. Outside, the front garden features a lawn complemented by flower beds and offers off-street parking for 2-3 cars alongside a carport. Side access leads to the rear garden, which boasts a generous lawn area surrounded by mature trees and shrubs. This private outdoor space also includes two sheds (one with power), and raised flower beds that enhance its appeal. This property’s blend of location and potential for enhancement makes it not only an inviting family home but also an attractive investment opportunity for those seeking to capitalize on future value increases. Viewing of this well-positioned home is highly encouraged for anyone considering the possibilities it holds.

Investment Analysis

(PO32 area)

Below Market Value

This property is priced -1.1% below area average per sq ft

-1.1%
Potential saving
This Property
£275/sq ft
Area Average
£278/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£266,801
10% above area average per sq ft
Potential ROI
-4.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PO32)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 2.8%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on PO32 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

South Bank Road, East 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
£879
Based on a loan of £180,000 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