Mill Hill Road, Cowes

Positioned in the heart of West Cowes on Mill Hill Road, this modern penthouse apartment in Francesca Court presents an exceptional opportunity for investors seeking strong tenancy assured rental demand, long term capital growth, and entry into one of the Isle of Wight’s most desirable coastal towns where marine activities are abundant . Built in 2008, this one bedroom top floor home combines contemporary living with elevated views over the Solent making it ideal as a buy to let investment, a holiday home, or a high yield rental.
The apartment benefits from an open plan living space filled with natural light from multiple Velux windows, complemented by installed laminate flooring that enhances its modern appeal. It is offered fully furnished, including all essential white goods, providing a turnkey investment with immediate long-term letting potential. A brand new combi boiler ensures efficient heating and low running costs, further strengthening its rental profile.
The penthouse position offers a peaceful vantage point with attractive coastal views, while the building itself is secure, well maintained, and situated just moments from West Cowes High Street, marinas, restaurants cafés, and independent shops, and mainland transport links. This prime location ensures consistent tenant demand from professionals.
Important Investor Note – Lease Extension Offer
The Freeholder has already confirmed in writing that they are willing to extend the current 79 yr lease to 125 years at a total estimated cost of £9,250 (including premium, legal fees, valuation fees, and VAT).
This favourable offer significantly enhances the long term value of the property and removes future lease length concerns for investors.
The current asking price already reflects this cost, meaning buyers benefit from a reduced entry price with a clear, fixed cost pathway to a long lease an attractive proposition for both capital appreciation and mortgage ability.
Kitchen/Diner (22'11 x 11'11 (6.99m x 3.63m))
This bright kitchen/diner features a modern, airy feel with wood-effect flooring extending throughout. It is fitted with white base units and black countertops, complemented by a built-in oven and gas hob. A slanted skylight window and a velux window allow natural light to flood the space.
Bedroom (12 x 11'10 (3.66m x 3.61m))
This restful bedroom offers a peaceful retreat with warm wood-effect flooring and two velux windows that provide plenty of natural light and coastal views. The sloped ceilings add character and a cosy atmosphere to the space.
Bathroom (5'4 x 8'8 (1.63m x 2.64m))
The bathroom is well-appointed with a white suite including a bath, pedestal sink, and toilet. It benefits from natural light thanks to a skylight window above, while dark tiled flooring contrasts with the white walls and fixtures to create a clean and fresh environment.
Why This Property Stands Out for Investors
•Turnkey condition with modern flooring and full furnishings
•Strong rental demand due to Cowes’ marina, world class sailing events, and tourism
•Low maintenance building with secure entry
•Brand new combi boiler reducing future expenditure
•Walking distance to all major amenities
•Clear, costed lease extension pathway to 125 years
•Adjusted market price reflecting the extension cost, creating immediate value uplift