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Lower Church Road, Cowes

South East

£335,000

Listed on 07/06/2026

Property Details

Bedrooms
N/A
Type
Plot
Area
2368 sqft

Description

This is a unique opportunity to develop a modern coastal residence in the highly sought-after village of Gurnard. The property features an approved residential development plot, complete with full planning permission (reference 26/00061/FUL) for the construction of a contemporary two-story home. The design prioritizes natural light and views, integrating extensive glazing and a spacious first-floor balcony. The aesthetically pleasing architecture incorporates local materials such as timber cladding and stonework, ensuring harmony with its coastal surroundings. Set in a tranquil location accessed by a shared driveway, this plot offers privacy and is positioned to enjoy stunning sunsets thanks to its south-westerly aspect. With easy access to the waterfront and nearby amenities including shops, schools, and dining options in Cowes, this property is ideal for both permanent living and investment as a second home. Existing on-site utilities like mains water, electricity, and drainage provide an excellent starting point for redevelopment. The existing two-bedroom bungalow will need to be demolished to make way for the new build. Furthermore, potential buyers should note the pre-commencement conditions related to planning that must be addressed before starting construction efforts.

Investment Analysis

(PO31 area)

Below Market Value

This property is priced -55.7% below area average per sq ft

-55.7%
Potential saving
This Property
£141/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£266
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£831,713
10% above area average per sq ft
Potential ROI
+61.5%
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

Lower Church Road, Cowes
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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
£1,266
Based on a loan of £251,250 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

This calculation uses non-residential (land/commercial) tax rates.

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