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Fellows Road, Cowes

South East

£195,000
Listed on 07/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1127 sqft

Description

This charming period cottage presents a noteworthy renovation opportunity, particularly appealing to cash buyers due to its two-storey single skin rear extension. The property boasts generous living space with two reception rooms, two bedrooms, two bathrooms, and an attic room ripe for transformation. While the home is in need of complete modernisation, it benefits from some UPVC double glazing at the front and an untested gas central heating system. The layout features a long hallway leading to a sitting room, dining room, compact kitchen, and a bathroom/utility area on the ground floor. The first floor consists of two spacious double bedrooms that connect through to a large shower room with stairs leading up to the sizeable attic space – an ideal extra bedroom subject to obtaining necessary permissions. Outside, the property offers a flagstone terrace that leads up to a small lawn area, accompanied by a substantial workshop which adds further potential for development or hobby use. Accessed via Grove Road is a covered car port and additional storage shed, both valuable assets that increase utility. This property offers significant potential for improvement and investment in a desirable location.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -44.8% below area average per sq ft

-44.8%
Potential saving
This Property
£173/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£247
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£388,708
10% above area average per sq ft
Potential ROI
+36.4%
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
16%
Properties sold annually

Local Market Trend (PO31)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 5.6%
5 year growth: 22.4%
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

Fellows Road, 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
£714
Based on a loan of £146,250 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