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East Midlands
£129,000Guide Price
Listed on 07/09/2026
Listed on 07/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This quaint Grade II listed, one-bedroom semi-detached cottage in Ridlington presents a unique opportunity for buyers seeking a characterful home in a desirable village setting. The asking price of £129,000 is notably cheap compared to the local average of £305/sqf, making it an attractive entry point for those looking to acquire and improve. While the property does require some cosmetic updates and renovations, the scope for enhancement, particularly in the living space with its charming inglenook fireplace and exposed ceiling beams, is significant.
However, potential buyers should be cautious of the economics of this project. The total all-in cost, considering the renovation range of £40,000 to £80,000, aligns the property at around £189,000. This figure stretches above the implied local average value of £154,355, which could limit the margin versus local benchmarks. Despite the inviting garden and good external condition, the overall renovation economics present a challenge that must be carefully evaluated before proceeding.
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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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