2-bedroom bungalow · PO31 8LP
Under offerListed 455 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Coast To Castle are delighted to present this charming and distinctive chalet bungalow, offering a unique blend of character and potential.
Set on an exceptionally generous plot, the property not only offers scope for thoughtful renovation and remodelling, but also benefits from outline planning permission for the development of a four-bedroom detached residence.
Situated on a highly sought-after road in Northwood, this appealing home enjoys a peaceful position with picturesque sea and countryside views.
Its location is ideal—just a short distance from Gurnard village, the beach, popular eateries, and convenient transport links.
The existing accommodation comprises two generously sized ground floor bedrooms, a spacious four-piece bathroom, and a large kitchen-diner—perfect for family living.
A rare and charming feature of the property is its vinery, offering a delightful space with versatile potential.
Upstairs, a loft room presents further opportunity to create an additional bedroom with en-suite, subject to the necessary planning permissions.
The expansive gardens are a true haven for nature lovers, boasting an array of mature trees, fruit trees, shrubs, and vibrant planting—a gardener’s dream with abundant scope for enhancement.
The plot itself presents a multitude of possibilities.
Currently, there is outline planning permission in place for a four-bedroom detached chalet bungalow, complete with ample parking and generous gardens, making this a truly exceptional opportunity for homeowners and developers alike.
The current owner holds full planning permission. View the planning application here: Porch Door to entrance hall.
Entrance Hall A large entrance hall Doors to bedrooms bathroom and kitchen. Stairs to first floor landing.
Bedroom One 4.3m x 3.83m Single glazed window to front with wooden feature detailing. Feature fireplace. Built in shelving in recesses.Radiator.
Bedroom Two 4.26m x 3.83m Single glazed window with wooden detailing to front aspect. Built in cupboard. Radiator.
Bathroom 2.9m x 3.84m A four piece bathroom suite, consisting of a panelled bath, a glass panelled shower enclosure with mains shower. Hand wash basin. Low level W.C.
Window to the rear. Heated towel rail. Tiled surround. kitchen/Diner 7.21m x 3.81m Kitchen length narrows to 2.50 in kitchen area Wood effect flooring.
Range of country style wall and base units. Single glazed double doors to vinery, a further door and two single glazed windows to rear. Double doors to the side, leading onto a bbq/ patio area.
Radiator. Butler sink. Large built in storage cupboards in the dining area. Space for cooker. Splashback tiles. Vinery A wooden and single glazed room, currently housing a grape vine.
Door to garden. Loft Room A large dormer room with a built in storage cupboard and eaves storage. Built in storage cupboard. Window to the rear.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Pallance Road, Cowes, Isle of Wight
Explore nearby