Clarence Road, East Cowes, Isle of Wight
South East
£150,000Guide Price
Listed on 02/10/2026
Listed on 02/10/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
700 sqftDescription
Offered at auction, this three-storey period semi-detached property near the River Medina and East Cowes town centre is arranged as two self-contained flats: a one-bedroom ground-floor flat and a two-bedroom duplex above. Both units require modernisation and are offered with vacant possession under a single long leasehold title. The accommodation may suit an investor looking to refurbish the existing units, or a buyer considering how the layout could be adapted, subject to the relevant checks and approvals.
The property is close to East Cowes shops, cafés, restaurants and everyday amenities. Cowes offers marina facilities, independent shops and a high-speed passenger ferry to Southampton, with a chain ferry across the Medina and bus services connecting to Newport, Ryde and other parts of the Island.
The sale is by unconditional online auction, with a six-week completion period. The lease began in 1860 for 700 years, with 533 years remaining. A buyer's charge of £1,650 including VAT applies, and further fees may be payable under the legal pack. Buyers should review the legal documents and confirm the property's suitability for any proposed use before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
64out of 100
Grade CPotential opportunity
Confidence: MEDIUM
The £150,000 guide price is 23.3% below the local average per square foot, making this a notably cheap point of entry for a period property near the River Medina and Cowes town centre. Its existing layout as two self-contained flats gives the project a distinctive starting point, with scope to modernise the units or adapt the accommodation. The interiors appear generally intact but dated, and the overgrown rear garden offers a clear improvement project. As this is an auction, bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
The main qualification is the renovation economics: purchase plus the renovation midpoint comes to £207,500, which looks tight against the local benchmark. The two kitchens and shower rooms will need attention, alongside redecoration, flooring and garden work, so the value case depends on managing the project and its costs carefully.
Key opportunities
- Acquire at a guide price well below the local average per square foot.
- Modernise the existing one-bedroom flat and two-bedroom duplex configuration, or adapt the layout to suit a different use.
- Refresh the two dated kitchens and shower rooms, update finishes, and reclaim the overgrown rear garden.
Key risks
- The two-unit refurbishment, including kitchen and shower-room updates, redecoration, flooring and garden clearance, needs a controlled budget and programme.
- Purchase plus the renovation midpoint looks tight against the local benchmark, leaving limited headroom if costs rise.
Unlock the full analysis
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Interested in similar properties?
Create an alert and we'll notify you when similar renovation opportunities are listed.
Transport
Nearest stations
Ryde Pier Head Rail Station
5.8 miles
Train · Ryde
Ryde Esplanade Rail Station
5.9 miles
Train · Ryde
Ryde St Johns Road Rail Station
6.2 miles
Train · Ryde
Smallbrook Junction Rail Station
6.7 miles
Train · Westridge
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£567
Based on a loan of £112,500 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Services
Next steps
Explore services to help you with this property purchase.
Get help with this property
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
Nearby
Similar properties
Other listings you may want to compare.
