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Gilnockie, Mile Road, Widdrington, Morpeth

North East

£249,950
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1139 sqft

Description

This three-bedroom detached bungalow in the tranquil village of Widdrington offers a promising canvas for renovation and customization. With two reception areas, the layout is conducive to both family living and entertaining, giving buyers the opportunity to reimagine the space according to contemporary tastes. While the home is functional, it requires modern updates, presenting an excellent chance for new owners to inject their personal style and enhance its value. The property benefits from full planning permission, allowing for potential development (subject to relevant permissions), making it attractive to investors seeking expansion opportunities. Outdoor features include generous multi-vehicle parking and a detached garage, complemented by a sizable rear garden with decking for outdoor enjoyment. This bungalow represents a unique investment opportunity in a sought-after area, perfect for those willing to undertake refurbishment to unlock its full potential.

Investment Analysis

(NE61 area)

Below Market Value

This property is priced -10.5% below area average per sq ft

-10.5%
Potential saving
This Property
£219/sq ft
Area Average
£245/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£307,148
10% above area average per sq ft
Potential ROI
+5.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NE61)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +12.4%
5 year growth: +11.2%
Investment Disclaimer: Analysis based on NE61 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

Gilnockie, Mile Road, Widdrington, Morpeth
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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
£892
Based on a loan of £187,462 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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