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See how verdicts work3-bedroom terraced house · PO31 7QA
Sold STCListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***ANOTHER PROPERTY UNDER OFFER FROM THE TEAM AT MCCARTHY & BOOKER*** A period terraced property in need of a FULL RENOVATION which is a great opportunity to make it into your perfect home.
Set over three floors and found in a popular location with a short walk into Cowes and all its amenities. CHAIN FREE.
Renovation Project In Popular Location - A good size three-storey period terrace home offering a great opportunity for EXTENSIVE RENOVATION.
Retaining some original character—from high ceilings to exposed fireplaces—the property provides generous accommodation, flexible spaces, and superb views across the River Medina.
With thoughtful restoration, this house could be transformed into a stylish and welcoming residence.
Interior - Ground Floor: A traditional hallway has a high cupboard for convenient storage and an understairs doorway that leads down to the lower ground floor.
The large sitting room has a recessed feature fireplace within the chimney breast (work required to ceiling).
At the rear of the house is a bright and light dining room with bay window and a lovely brick feature fireplace that contains a log burner, leading off this well proportioned room is a 'U' shaped kitchen with a good range of wall and base units and space for a free standing cooker.
Both these rear rooms have fantastic views across the River Medina.
First Floor: Two good size double bedrooms and two further smaller rooms, one could be an study/office and the other is a single bedroom or it could possibly be transformed into a shower room.
Lower Ground Floor: The stairs lead down to a large utility area with space and plumbing for a washing machine, dishwasher and tumble dryer.
As well as giving access to the rear garden, this area leads to a large bathroom with corner bath, separate shower cubicle, basin and wc (ALL NEED REPLACING/UPGRADING).
The final space on this level is a versatile basement that could be a large storage room or transform it into another reception/snug, a games room/den or further bedroom (with restricted head height).
Exterior - A short flight of brick steps reach the entrance door with a stained glass panel above stating the name of the property, 'ITCHEN'.
The rear garden is of a good size and is currently over grown. Cowes - Cowes is rich in nautical heritage and an international mecca for sailing, culminating in Cowes Week held in August each year.
It has quick access to Southampton via the more modern Red Jet as well as many marinas and sailing clubs dotted along the waterfront.
Within the High Street there are two supermarkets, many boutique shops, pubs and eateries.
Historical Northwood House & Park hosts weddings, fairs, concerts and conferences with outside space to enjoy walks.
The chain ferry links Cowes to East Cowes where you can find the Red Funnel car and passenger ferry to the mainland.
Further Information - Tenure: Freehold EPC: E Council tax band: B Gloworm gas boiler Partly double glazed Mains gas, electricity, water and sewerage Loft access
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About FULL RENOVATION PROJECT IN POPULAR AREA - Tennyson Road, Cowes
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