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High Street, Cowes PO31

South East

£1,600,000

Listed on 29/06/2026

Property details

Bedrooms
8
Type
Detached house
Area
10148 sqft

Description

Presenting a truly unique mixed-use property steeped in over two centuries of maritime history, located in the vibrant heart of Old Town Cowes. This expansive premises showcases a remarkable blend of retail space and residential accommodation, offering over 10,000 sqft of potential for both commercial and residential aspirations. Originally established in 1799 as a ship chandler, the building retains significant historical charm with its original architectural details, including high ceilings and wide floorboards that echo its storied past. The main retail area provides an atmospheric setting perfect for various business ventures, while additional outbuildings present exciting opportunities for conversion into extra living units or offices—subject to appropriate planning permissions. The well-preserved structure and flexible layout allow new owners to explore multiple avenues of refurbishment to maximize investment returns. On the upper levels, the residential accommodation boasts spacious living areas, including a private courtyard garden that serves as an ideal sanctuary away from the hustle and bustle. The upper floors feature generous sleeping quarters and a loft room complete with roof terrace views over the Solent. With Cowes being a renowned sailing hub offering easy access to local amenities and transport links, this property stands as an exceptional investment opportunity awaiting visionary renovations.

Investment analysis

(PO31 area)

Below Market Value

This property is priced -50.7% below area average per sq ft

-50.7%
Potential saving
This Property
£158/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£276
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£3,567,073
10% above area average per sq ft
Potential ROI
+92.8%
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 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
£6,045
Based on a loan of £1,200,000 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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