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Wigpool

South West

£550,000
Listed on 23/04/2026

Property Details

Bedrooms
2
Type
Cottage
Area
930 sqft

Description

This charming stone cottage, nestled in a tranquil rural setting within the desirable hamlet of Wigpool, presents an excellent opportunity for renovation and investment. The property boasts direct access to serene woodlands and is enhanced by a separate studio or annexe, along with multiple outbuildings, including a garage and gym space. A picturesque Japanese-style water garden adds to the unique lifestyle this property offers. Notably, planning permission has been granted for a single-storey extension (reference P0754/24/FUL), allowing for further development to increase living space or enhance its appeal. Inside, the cottage features character elements such as exposed stone walls and wooden flooring throughout. With two bedrooms and spacious living areas that include a kitchen, dining room with an inglenook fireplace, and a lounge with additional heating solutions, there is significant potential for cosmetic updates or reconfigurations to suit modern living demands. The landscaped outdoor space provides several areas for relaxation and entertainment with terraced gardens and a dedicated studio ideal for guests or a home office setup. Given these attributes, this property could be transformed into an even more delightful retreat with thoughtful renovations.

Investment Analysis

(GL17 area)

Above Market Value

This property is priced +103.0% above area average per sq ft

+103.0%
This Property
£591/sq ft
Area Average
£291/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£298,102
10% above area average per sq ft
Potential ROI
-50.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (GL17)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -3.7%
5 year growth: +10.2%
Investment Disclaimer: Analysis based on GL17 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

Wigpool
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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
£1,962
Based on a loan of £412,500 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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