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Pallance Road, Cowes

South East

£185,000
Listed on 27/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
745 sqft

Description

This charming three-bedroom cottage is nestled in a tranquil semi-rural lane, presenting an excellent opportunity for renovation and investment. The property features two reception rooms enhanced by a woodburner, along with UPVC double glazing throughout. A long, well-established garden at the rear offers a serene escape and potential for landscaping improvements to maximize its appeal. Internally, the cottage comprises a traditional layout with two inviting reception spaces, a basic kitchen, and a bathroom on the ground floor. The first floor accommodates three bedrooms, each providing inviting views of the surrounding greenery. While the cottage currently requires updating, including heating installation and general refurbishment to modernize its older features, it holds significant renovation potential. The south-facing garden further enhances this cottage's allure, creating an ideal setting for outdoor living once developed. This property is offered chain-free and as freehold, making it an attractive proposition for buyers looking to transform a period home into their dream dwelling. Council Tax Band B and EPC rating D-60 highlight its affordability in terms of ongoing costs.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -21.2% below area average per sq ft

-21.2%
Potential saving
This Property
£248/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£258
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£258,265
10% above area average per sq ft
Potential ROI
+14.8%
After renovation
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

Pallance 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
£667
Based on a loan of £138,750 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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