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North West
£195,000
Listed on 02/09/2026
Listed on 02/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
Gill Cottage presents a unique opportunity to acquire a detached house in a scenic countryside location at a remarkably low asking price of £195,000, which equates to just £115/sqf—well below the local average of £259/sqf. This significant price advantage opens the door for savvy buyers to invest in substantial renovations, with an estimated refurbishment budget of £100,000 to £200,000 to transform the dated interiors and exterior into a modern home tailored to personal taste. The existing layout offers a solid foundation, featuring three bedrooms and the potential for reconfiguration or extension into the attached barn/store room, which could be developed into a home office or workshop with the appropriate consents.
However, prospective buyers should be aware that the property requires a full-gut renovation, as the interiors show signs of wear throughout, including dated living areas, worn carpets in the bedrooms, and an outdated kitchen and bathroom. The garden areas also need improvement, adding to the overall project scale. Additionally, there are restrictive covenants that may limit renovation options, which is an important consideration for anyone looking to make significant changes. Overall, while Gill Cottage demands a heavy investment in refurbishment, its low purchase price and potential for value creation make it an exciting project for those willing to take on the challenge.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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