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Wyatts Lane, Cowes, Isle of Wight

South East

£425,000

Listed on 15/07/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1354 sqft

Description

This chain-free three-bedroom detached bungalow offers a spacious plot in one of Northwood's desirable residential areas, making it an ideal choice for those looking to invest in a renovation project. The property has great potential for modernization and expansion, allowing you to create a family home tailored to your needs with the appropriate planning permissions. The sizable living areas include a lounge/diner perfect for gatherings, while the generously-sized conservatory provides additional flexible living space with views over the extensive rear garden. The large rear garden, which spans approximately 150ft, is a standout feature, providing ample opportunity for outdoor activities and potential landscaping projects. Additionally, the property includes several outbuildings that can serve various purposes from storage to hobby spaces. Front parking is well-catered for with off-road facilities for multiple vehicles alongside two garages that offer further storage or could be converted if desired. Moreover, the expansive loft presents another avenue for expansion into additional bedrooms or living areas upon receiving necessary consents. With gas central heating and double glazing already in place, this property combines existing comfort with significant enhancement prospects, making it an excellent opportunity in an established community.

Investment analysis

(PO31 area)

Below Market Value

This property is priced -1.8% below area average per sq ft

-1.8%
Potential saving
This Property
£314/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
£475,938
10% above area average per sq ft
Potential ROI
-7.6%
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

Wyatts Lane, 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
£1,606
Based on a loan of £318,750 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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