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Netherraw, Lilliesleaf, Melrose

Scotland

£340,000

Listed on 01/06/2026

Property Details

Bedrooms
3
Type
Detached

Description

This detached country cottage offers a unique opportunity for renovation and customization, featuring an attached bothy that presents excellent potential for transformation. Nestled within meticulously maintained garden grounds, the property benefits from established shrubs and blooming trees, creating a serene rural environment in the desirable Netherraw area near Lilliesleaf. The expansive plot includes generous parking for multiple vehicles and a double garage, while the spacious interior comprises three bedrooms and approximately 1.25 acres of adjacent woodland, ideal for those seeking peaceful countryside living. Lilliesleaf is a quaint village in the central Scottish Borders, conveniently located near amenities including a primary school, village hall, pub, and church. With easy access to surrounding towns and various outdoor activities such as golf and hiking, this location is well-suited for both relaxation and adventure. The property's layout begins with a welcoming porch leading into a hallway that branches into the sitting room, kitchen, dining room or possible fourth bedroom, and family bathroom. The bright kitchen includes an array of integrated appliances and provides direct access to the rear garden. The spacious sitting room is enhanced by large windows overlooking the front garden, complemented by an open grate fire set within a traditional stone fireplace. A notable feature is the potential to integrate the bothy into the main residence, potentially forming an expansive principal bedroom suite with an ensuite shower room. Although requiring renovation work - including some updates to plumbing already in place - this space promises significant value addition once completed. Externally, the property boasts diverse gardens and patio areas surrounded by mature hedging for privacy. With additional storage offered by two outhouses and convenient access to woodland without preservation orders in place, this property invites creative vision in its next chapter.

Investment Analysis

(TD6 area)
Area Average
£230/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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
44%
Properties sold annually

Local Market Trend (TD6)

Area prices are falling by -2.4% over the last 12 months
3 year growth: +1.3%
5 year growth: +40.1%
Investment Disclaimer: Analysis based on TD6 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

Netherraw, Lilliesleaf, Melrose
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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
£1,284
Based on a loan of £255,000 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

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