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Venner Avenue, Cowes

South East

£290,000
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
929 sqft

Description

This detached bungalow features two bedrooms and is nestled on a tranquil street in Northwood, making it a serene retreat from the hustle and bustle of daily life. The property boasts off-street parking along with a garage, providing practical convenience for homeowners. Inside, you’ll find a spacious main reception area that serves as an inviting hub for relaxation and social gatherings. The kitchen diner is well-equipped with storage units and counter space, and includes plumbing for essential appliances. Access to the rear garden from the kitchen enhances this space, creating opportunities for outdoor dining or gardening. The first bedroom is generously sized and benefits from built-in wardrobe storage while overlooking the garden. A second double bedroom also includes fitted wardrobes, an airing cupboard, and houses the gas combi-boiler. The bathroom has been recently updated to include a modern wet room design with safety features like non-slip flooring. The property’s exterior offers well-maintained gardens both at the front and back, enhancing curb appeal while providing additional outdoor space. The rear garden is secure and primarily laid to lawn with paved pathways and a patio area—ideal for enjoying warm days outside. Additionally, the single garage comes equipped with power and lighting as well as a modern roller door featuring remote access. While this home has been cared for over the years, it presents significant potential for modernization. With some updates tailored to your preferences, this may become your ideal living space or an excellent investment opportunity in a desirable location. Being chain-free allows for a smoother transition in ownership.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -0.9% below area average per sq ft

-0.9%
Potential saving
This Property
£312/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£8,000 - £15,000
Target Value
£322,052
10% above area average per sq ft
Potential ROI
+5.6%
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

Venner Avenue, 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
£1,062
Based on a loan of £217,500 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