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DETACHED SPACIOUS BUNGALOW - Wyatts Lane, Cowes

South East

£495,000
Listed on 14/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1223 sqft

Description

Situated in the semi-rural setting of Northwood, Cowes, this spacious chalet bungalow offers a wealth of possibilities for renovation and expansion. With three well-proportioned bedrooms, a generous living area, and a kitchen-diner that accommodates family gatherings, the home is complemented by a large south-facing garden and a garage that presents an ideal opportunity for conversion into an annexe or home office (subject to planning permissions). The property boasts extensive parking capacity for multiple vehicles and is available with no onward chain, making it attractive to potential buyers looking for flexibility and space. The interior is light-filled, featuring attractive stripped floorboards leading through its well-maintained layout. The convenient ground floor comprises two double bedrooms; one with built-in wardrobes, alongside a fully tiled bathroom equipped with both a bath and separate shower cubicle. The sizable sitting room benefits from gas heating provided by a log burner, while double doors open onto the expansive garden. An open tread staircase ascends to the first floor which currently serves as additional sleeping quarters but could easily be transformed into a snug or dedicated workspace. The exterior showcases neat landscaping with an enclosed rear garden ideal for leisure activities and outdoor dining. Given its location near local amenities and beautiful rural walks, alongside proximity to Cowes' vibrant sailing scene, this property represents an excellent investment opportunity for those wishing to add value through thoughtful renovations or extensions.

Investment Analysis

(PO31 area)

Above Market Value

This property is priced +28.2% above area average per sq ft

+28.2%
This Property
£405/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£424,778
10% above area average per sq ft
Potential ROI
-22.1%
After renovation
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
7%
Properties sold annually

Local Market Trend (PO31)

Area prices are falling by -2.6% over the last 12 months
3 year growth: +4.3%
5 year growth: +15.3%
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

DETACHED SPACIOUS BUNGALOW - Wyatts Lane, Cowes
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,753
Based on a loan of £371,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

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