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Church Lane, Cowes, Isle of Wight, PO31

South East

£315,000

Listed on 26/06/2026

Property details

Bedrooms
2
Type
Detached
Area
771 sqft

Description

This detached two-bedroom residence presents an excellent opportunity for extensive renovation, set on an expansive plot of about 0.85 acres in a sought-after semi-rural area on the fringe of Cowes. The property, although currently in a state of disrepair and requiring thorough refurbishment, boasts significant potential for transformation—whether that be through modernisation or complete redevelopment (subject to local planning permissions). With a current living space of approximately 71.6 sq m (771 sq ft), the home features a kitchen, living room, and separate dining area, alongside porch areas and an adjacent conservatory. The layout is conducive to reconfiguration to better meet contemporary lifestyles. Upstairs, you'll find two spacious double bedrooms and a family bathroom leading from a central landing. The standout aspect of this property is undoubtedly the generous land surrounding it, which invites creative landscaping or extension possibilities. This size is rare for the locality and would particularly attract developers or self-build enthusiasts looking for a project with long-term gain. Nestled along Church Lane, the home enjoys a tranquil environment while remaining conveniently close to Cowes town centre, local amenities, and ferry connections to the mainland.

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Investment analysis

(PO31 area)

Above Market Value

This property is priced +28.0% above area average per sq ft

+28.0%
This Property
£409/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£266
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £95,000
Target Value
£270,798
10% above area average per sq ft
Potential ROI
-34.0%
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

Church Lane, Cowes, Isle of Wight, 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
£1,190
Based on a loan of £236,250 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

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