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FULL RENOVATION PROJECT IN POPULAR AREA - Tennyson Road, Cowes

South East

£150,000

Listed on 19/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1333 sqft

Description

This period terraced home presents an exciting opportunity for those looking to embark on a comprehensive renovation project. Spanning three floors, the property is situated within a sought-after area just a short stroll from Cowes and its many amenities, making it a prime candidate for restoration. Although it requires extensive work, the house retains original features like high ceilings and exposed fireplaces which could be beautifully preserved or enhanced. With careful refurbishment, this residence has the potential to become a stylish family home with stunning views over the River Medina. The ground floor features a traditional hallway leading to a spacious sitting room complete with a feature fireplace, while the rear encompasses a bright dining area that opens into a kitchen with ample storage options. The first floor offers two generous bedrooms alongside two smaller rooms that can be reimagined as an office and additional bathroom space. The lower ground level includes utility facilities and an expansive basement that could serve numerous purposes—from additional living space to storage. Outside, the rear garden is sizeable yet currently overgrown, offering further landscaping opportunities. This property is being sold chain-free, presenting an ideal chance to create your dream home in a location rich in nautical heritage and community charm.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -64.8% below area average per sq ft

-64.8%
Potential saving
This Property
£113/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£257
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£468,410
10% above area average per sq ft
Potential ROI
+87.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PO31)

Area prices are falling by -3.8% over the last 12 months
3 year growth: +4.6%
5 year growth: +14.8%
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

FULL RENOVATION PROJECT IN POPULAR AREA - Tennyson Road, Cowes
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£535
Based on a loan of £112,500 over 30 years at 3.97% 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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