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Pallance Road, Cowes, PO31

South East

£150,000

Listed on 04/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
836 sqft

Description

This property presents a compelling opportunity for investors or homeowners seeking to create their ideal living space. Located in a well-regarded residential area with strong market demand, the home requires comprehensive refurbishment and modernization throughout. This offers a chance to significantly enhance its value, especially given that similar homes in the vicinity have achieved sale prices around £300,000. Potential buyers should be aware that any systems or appliances depicted in marketing materials have not been tested and will be governed by the seller's fixtures and fittings disclaimer. A deposit of £7,000 is necessary upon offer acceptance to secure the property, along with a non-refundable reservation fee of £600 (including VAT). Cash buyers will need to cover related searches and surveys as per standard terms.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -43.8% below area average per sq ft

-43.8%
Potential saving
This Property
£179/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£266
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £50,000
Target Value
£293,628
10% above area average per sq ft
Potential ROI
+46.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PO31)

Area prices are falling by -3.9% over the last 12 months
3 year growth: +2.3%
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

Pallance Road, Cowes, PO31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£567
Based on a loan of £112,500 over 30 years at 4.45% 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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