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Alexandra Road, Cowes PO31

South East

£275,000

Listed on 29/06/2026

Property details

Bedrooms
2
Type
Bungalow
Area
1022 sqft

Description

This two-bedroom semi-detached bungalow offers a rare opportunity for those looking to undertake a renovation project in a central Cowes location. With no onward chain and vacant possession, the property is primed for modernization, allowing buyers to tailor it to their own specifications. It features driveway parking, an integral garage, and a sizable enclosed rear garden primarily laid to lawn. Inside, you'll find two spacious double bedrooms, a front-facing lounge, a kitchen overlooking the garden, and a bathroom/WC. The property is in need of considerable updating and currently lacks a heating system, making it an ideal canvas for creative renovation efforts. Additionally, solar panels are installed on the roof under a leasing arrangement, providing potential energy benefits once confirmed. There may also be loft potential for further development, subject to required permissions. Properties like this with significant investment potential are becoming increasingly scarce in Cowes at this price point.

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Investment analysis

(PO31 area)

Below Market Value

This property is priced -15.8% below area average per sq ft

-15.8%
Potential saving
This Property
£269/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£276
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£359,238
10% above area average per sq ft
Potential ROI
+10.5%
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

Alexandra Road, Cowes 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
£1,039
Based on a loan of £206,250 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

Next Steps

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