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Mill Hill Road, Cowes

South East

£180,000
Listed on 21/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
795 sqft

Description

This two-bedroom semi-detached home presents an opportunity for renovation and investment, ideal for those looking to create a customized living space. The property features a spacious open plan living and dining area that extends the length of the house, enhanced by a bay window that invites natural light. Sliding doors connect this area to the kitchen, which is in need of updating but offers ample space for potential reconfiguration. The home includes a convenient downstairs bathroom, while upstairs, you will find two generously sized double bedrooms. Each bedroom has plenty of natural light and offers options for reconfiguration, such as the possibility to convert one into an additional bathroom or third bedroom, subject to necessary permissions. The exterior showcases a good-sized garden that currently serves as a blank canvas for landscaping or gardening projects, along with parking space for two vehicles at the front of the property. Situated within close proximity to local schools, public transport links, and essential amenities, this location enhances its appeal for both homeowners and renters alike. While the home requires modernizing and remedial work throughout, it holds significant potential as a project for buyers who wish to invest in their future or capitalize on rental opportunities. This property comes chain-free and is offered on a freehold basis. Council Tax Band - B; EPC rating - D-63.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -28.2% below area average per sq ft

-28.2%
Potential saving
This Property
£226/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£275,599
10% above area average per sq ft
Potential ROI
+19.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Mill Hill 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
£659
Based on a loan of £135,000 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