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FULL RENOVATION PROJECT IN POPULAR AREA - Tennyson Road, Cowes - Image 1
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FULL RENOVATION PROJECT IN POPULAR AREA - Tennyson Road, Cowes

South East

£169,950
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1333 sqft

Description

A period terraced house that presents an exciting opportunity for a complete renovation, allowing you to create a bespoke living space tailored to your needs. Spanning three floors, this property is located in a desirable area just a short walk from Cowes and its various amenities, making it a prime candidate for investment or personal transformation. The home retains several original features, such as high ceilings and exposed fireplaces, adding to its character and charm. With comprehensive restoration, this residence could evolve into a stylish family home with stunning views over the River Medina. The ground floor comprises an inviting hallway with useful storage and an understairs door leading to the lower ground level. The expansive sitting room includes a feature fireplace requiring attention, while the rear dining room boasts a bay window and brick fireplace with log burner—both rooms offer impressive river views. Adjacent is a 'U' shaped kitchen equipped with ample wall and base units and space for essential appliances. On the first floor, you’ll find two generous double bedrooms along with two additional rooms that could serve as an office and a single bedroom or be converted into a shower room if desired. The lower ground floor features a significant utility area with plumbing for laundry appliances and access to the rear garden, alongside a large bathroom that requires replacement including fixtures, while also providing potential for conversion into additional living space due to its versatile basement layout. The exterior showcases charming brick steps leading up to the front door adorned with stained glass detailing. The generously-sized rear garden currently needs landscaping but offers great potential for outdoor living. This property is an enticing project for those seeking to invest in Cowes, known for its rich maritime heritage and vibrant community; it benefits from excellent connectivity to Southampton as well as local shops, dining options, and recreational spaces.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -59.5% below area average per sq ft

-59.5%
Potential saving
This Property
£127/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£258
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£462,104
10% above area average per sq ft
Potential ROI
+77.8%
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

FULL RENOVATION PROJECT IN POPULAR AREA - Tennyson 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
£613
Based on a loan of £127,462 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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