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42 Worsley Road, Cowes, Isle Of Wight, PO31 8JW - Image 1
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42 Worsley Road, Cowes, Isle Of Wight, PO31 8JW

South East

£250,000
Listed on 01/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom detached bungalow located in the desirable area of Gurnard on the Isle of Wight presents a substantial refurbishment project, appealing to both investors and homeowners looking to create their ideal residence. Set on a generous plot, the property is currently vacant and requires comprehensive renovation throughout. There is considerable potential for expansion or reconfiguration subject to obtaining the necessary planning permissions. The upcoming online auction on 10th December offers an opportunity to acquire this property with legal documents available for review. This bungalow stands out as a promising investment given its market potential and prime location near local amenities.

Investment Analysis

(PO31 area)
Area Average
£315/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
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

42 Worsley Road, Cowes, Isle Of Wight, PO31 8JW
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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
£916
Based on a loan of £187,500 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.

Next Steps

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