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Mill Hill Road, Cowes, Isle of Wight

South East

£240,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

Situated in proximity to the vibrant seaside town of Cowes, this semi-detached home presents an excellent opportunity for both first-time buyers and investors. The property is conveniently located near a grocery store and a GP surgery, as well as a major bus route, making it ideal for family life. With some updating needed, this house allows you to personalize the interior to your liking while benefiting from its desirable location. The layout includes three bedrooms, a lounge, dining room, kitchen, and additional spaces like a cloakroom and bathroom. Outside, there is a driveway and a rear garden accompanied by two garden sheds. This property holds great renovation potential in an area that continues to attract interest.

Investment Analysis

(PO31 area)
Area Average
£315/sq ft
Avg Rent (weekly)
£248
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PO31)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +1.9%
5 year growth: +19.4%
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

Mill Hill Road, Cowes, Isle of Wight
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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
£866
Based on a loan of £180,000 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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