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Cowes, Isle of Wight

South East

£1,650,000

Listed on 09/07/2026

Property details

Bedrooms
6
Type
House
Area
4316 sqft

Description

This historic waterfront property presents a remarkable chance for renovation enthusiasts and investors. Alexandra House, originally constructed in 1831, retains its striking character while being in a shell condition, ready for transformation. Currently stripped to its stone walls with a newly installed slate roof, the building comes with lapsed planning consent that allows for significant expansion over four storeys along with an attractive two-storey side extension. The proposed enhancements include expansive glazing to the rear elevation, which will maximize picturesque views of the Harbour and Solent, creating bright living spaces. The property boasts valuable outdoor features such as direct water frontage, access to a private pontoon berth shared with neighboring properties, and parking facilities. With the potential for further development—including the option to add a swimming pool and new jetty—this Grade II listed property offers a unique canvas for crafting bespoke accommodation tailored to modern living needs. Located within the premier sailing hub of Cowes, it is well-positioned near local amenities including restaurants and yacht clubs while maintaining serene surroundings by the water. This is an excellent opportunity for those wishing to create a custom residence or investment in a desirable location.

Investment analysis

(PO31 area)

Above Market Value

This property is priced +19.6% above area average per sq ft

+19.6%
This Property
£382/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£276
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Target Value
£1,517,096
10% above area average per sq ft
Potential ROI
-29.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Cowes, Isle of Wight
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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
£6,234
Based on a loan of £1,237,500 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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