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High Street, COWES, Isle of Wight, PO31

South East

£750,000Guide Price

Listed on 30/06/2026

Property details

Bedrooms
4
Type
Terraced
Area
2697 sqft

Description

This is a unique opportunity to acquire a mixed-use freehold property located centrally in Cowes, just moments from the waterfront and its bustling marina, shops, and restaurants. The property comprises a substantial four-bedroom terraced townhouse that includes an established commercial space currently functioning as a watch shop, providing excellent visibility along the busy High Street. The ground floor also features a sizable workshop area that adds further versatility for business expansion or alternative uses, with potential for conversion depending on necessary consents. The upper levels of the property offer ample residential space with a large living room, kitchen, and four spacious bedrooms alongside bathroom facilities. The layout is flexible enough to accommodate various needs such as combined living and working spaces or staff accommodation above the commercial premises. With approximately 2,697 sq. ft. of overall space, this landmark building presents substantial renovation potential for investors looking to capitalize on its prime coastal location. This property is well-positioned for both lifestyle changes and investment opportunities in one of the region's most sought-after areas, offering an exciting project for those willing to enhance its residential and commercial aspects.

Investment analysis

(PO31 area)

Below Market Value

This property is priced -13.0% below area average per sq ft

-13.0%
Potential saving
This Property
£278/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£276
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£948,009
10% above area average per sq ft
Potential ROI
+12.9%
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 stable by +2.0% over the last 12 months
3 year growth: +3.7%
5 year growth: +17.9%
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

High Street, 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
£2,833
Based on a loan of £562,500 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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