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Milfield, Wooler, Northumberland, NE71

North East

£250,000

Listed on 21/05/2026

Property details

Bedrooms
9
Type
Detached
Area
748 sqft

Description

This property presents a promising investment opportunity in the picturesque countryside of Northumberland, featuring three cottages that are ripe for refurbishment. Each cottage comprises three bedrooms, a living area, a bathroom, and a kitchen. Given their layout, buyers can consider renovating each unit individually or even merging them into a single expansive residence. All the properties benefit from both front and rear gardens along with an external wood shed, providing additional space for outdoor activities or potential landscaping enhancements. The location is ideal, being just a short drive from Wooler, which offers various local amenities. With private drainage and mains electricity in place, there are essential utilities available to support modern living while you embark on this renovation journey.

Investment analysis

(NE71 area)

Above Market Value

This property is priced +54.6% above area average per sq ft

+54.6%
This Property
£334/sq ft
Area Average
£216/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£177,848
10% above area average per sq ft
Potential ROI
-47.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NE71)

Area prices are falling by -10.0% over the last 12 months
3 year growth: -15.9%
5 year growth: -2.7%
Investment Disclaimer: Analysis based on NE71 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

Milfield, Wooler, Northumberland, NE71
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 over 30 years at 4.45% 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

Price History

+11.1% since listed
£250,000+£25,000(+11.1%)
12/07/2026
Current price
£225,000Initial listing
23/05/2026

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