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See how verdicts work3-bedroom house · PO31 8QB
Listing removedReduced £20k (−4%) on 21 JunListed 194 days
Opportunity summary
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About
A spacious chalet bungalow located in the semi-rural area of Northwood, Cowes. There are three bedrooms, large sitting room and kitchen-diner along with a large south facing garden and garage.
This is a fantastic opportunity to extend up/out or convert the garage to an annexe or garden office (STPP).
With parking for 7 vehicles and the bonus of being chain free, this property needs to be viewed now!
A Well Maintained Three Bedroom Chalet Bungalow Located in Northwood, this deceptively spacious home has a large sitting room, kitchen/diner, wrap around gardens with parking for 5-6 vehicles.
There is also a garage, with additional parking, that could (STPP) become additional accommodation or a garden office and is accessed from the south facing garden.
This versatile property has a lot of potential to extend up/outwards or adapt outbuildings, STPP, and comes with the benefit of being chain free.
Interior This modern home has been under the current owners tenure for 25 years and has been very well kept.
Stripped floorboards flow between the hallway, the principal bedroom and the sitting room and it is light and airy throughout the property.
Ground Floor: The wide hallway leads to all rooms in this ample property with two generously sized double bedrooms at the front of the home, with the principal having painted stripped floorboards and the other with built in sliding wardrobes.
The bathroom is fully tiled and has a bath and separate walk in shower cubicle, basin and WC.
At the rear is a large sitting room with a gas 'log burner' fire upon a stone hearth and double doors opening to the garden.
The kitchen diner is a generous size, with enough room for a family sized dining table, and has a range of wooden wall and base units within which is a large range cooker, extractor fan and dishwasher.
Through a rear door is a porch area leading to both the garden and a utility room with space and plumbing for a washing machine and further storage.
First Floor: Accessed from an open tread staircase there is a versatile room currently used as a double bedroom.
At the top of the stairs on the left, is a door leading to undereaves storage and further on are three built in cupboards and access to another under eaves storage space.
This good sized room could be used as a separate sitting area/snug or an office/study.
Exterior At the fore of this modern property, with a storm porch, there are smart iron railings and a shingle driveway that can park 5-6 vehicles.
There is side access on both sides of the property with plants and shrubs dotted within the flowerbeds.
The rear south facing garden has a beautiful array of mature flowers and bushes, giving it a 'country cottage' feel.
There is a large lawn and a patio that is the width of the house, this gives a great area for relaxed outdoor socialising and dining.
This lovely enclosed outside space has the bonus of an outside WC and is safe and secure, being a great spot to enjoy the bird song and to relax.
Across from the garden is a separate garage that has power and light and the driveway leading to it gives a further two parking spaces.
This would be an ideal storage space or workshop and, STPP, could be converted into a garden office, working from home salon or annexe for family member or friends.
Cowes/Northwood Northwood is between Cowes and Gurnard and has many fabulous rural walks, with two country pubs, a garage, small local shop, primary school and is a short drive to both Cowes and Newport.
It is within a couple of miles of Cowes, which 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.
Further Information Tenure: Freehold EPC: D Council tax band: D Double glazed throughout Mains water, gas, electricity and sewerage Gas central heating Broadband max predicted: Download 1800 mbps Upload 900 mbps Loft is fully insulated
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.
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FAQ
About 2, Wyatts Lane, Cowes
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