2-bedroom bungalow · PO31 8EP
Sold STCListed 264 days
Opportunity summary
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About
A detached two bedroom bungalow situated in a quiet area of Cowes within a short walk to the High Street.
Along with an L shaped sitting/dining room this CHAIN FREE property has gardens and a detached garage.
A Two Bedroom Detached Bungalow - Located in a quiet area of Cowes but within a short walk of the town and its amenities.
This chain free property has an L shaped sitting/dining room, a modern bathroom and kitchen. Along with a garden and detached garage this home has the bonus of being CHAIN FREE.
Interior - This bungalow has a internal secure porch with exposed brickwork and tiled floor, a convenient space to keep outdoor footwear and clothing.
The hallway has a storage cupboard and all rooms in the property are neutrally decorated with dark carpets throughout apart from tiled floors in the bathroom and kitchen.
There are two double bedrooms, one looking out to the front and the other to the rear gardens.
The large L shaped sitting/dining room is bright and sunny and has an empty fireplace with tiled hearth and surround.
Within the kitchen, overlooking the rear garden, are wooden wall and base units that contain a four ring gas hob and oven, with a grey worksurface flowing above.
There is space and plumbing for a dishwasher or washing machine as well as space for a fridge freezer. A cupboard houses a hot water cylinder and the boiler can also be found within this room.
The fully tiled modern bathroom has a bath with overhead shower, basin and wc.
Exterior - In the front of the property is a neat and tidy front lawn, along with low bushes, that has a path leading to the entrance porch.
At the rear is a low maintenance garden which is mainly lawn and has a mature apple tree. There is a garden store and access to the detached garage which has power, light and an 'up and over' door.
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: D Council tax band: C Gas central heating via Worcester boiler Mains water, gas, electricity and sewerage Double glazed Broadband max predicted: Download 1800mbps Upload 900mbps Loft partially boarded with loft ladder
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About DETACHED, CHAIN FREE BUNGALOW - Magdalen Crescent, Cowes
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