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Newnes, Nr Ellesmere.

West Midlands

£425,000
Listed on 02/10/2025

Property Details

Bedrooms
3
Type
Cottage
Area
1680 sqft

Description

This distinctive three-bedroom Grade II listed thatched cottage, dating back to the 16th century, presents a unique opportunity for restoration and personalization. Known as Dick Whittington's Cottage, this property is steeped in history and set within approximately 0.46 acres of beautiful gardens that offer picturesque views of the surrounding countryside near Ellesmere. Although the cottage has been extended and modernized over the years, it now requires a thoughtful scheme of updates to fully realize its potential as a charming rural retreat. Spanning nearly 1700 sq ft, the spacious interior includes a useful Utility/Boot Room, an expansive Kitchen/Breakfast Room ideal for gatherings, and two versatile Reception Rooms featuring exposed timber accents that highlight the home’s historical charm. The first floor hosts three generously sized Bedrooms with lovely vistas and is served by a functional family Bathroom. The outdoor space enhances this property's appeal with ample driveway parking leading to a detached double garage, surrounded by mature trees, floral beds, and manicured lawns designed for relaxation or entertaining. This cottage promises to be an excellent investment for those willing to embark on a renovation project in a serene countryside setting with access to various local amenities and schools.

Investment Analysis

(SY12 area)

Below Market Value

This property is priced -6.3% below area average per sq ft

-6.3%
Potential saving
This Property
£253/sq ft
Area Average
£270/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£498,960
10% above area average per sq ft
Potential ROI
-3.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SY12)

Area prices are falling by -7.4% over the last 12 months
3 year growth: -4.1%
5 year growth: +8.1%
Investment Disclaimer: Analysis based on SY12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Newnes, Nr Ellesmere.
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,516
Based on a loan of £318,750 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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