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Yorkshire
£350,000
Listed on 10/09/2026
Listed on 10/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This unique stone-built detached cottage presents an opportunity for renovation in a sought-after location. While the asking price of £350,000 is above the local average at £246/sqf compared to £201/sqf, the property offers characterful interiors and spacious gardens that can be transformed into a delightful home. The living areas and bedrooms, while dated, have good proportions and charm, inviting a creative vision for updates. The outside space is particularly appealing, with well-maintained gardens that provide a perfect canvas for outdoor entertaining and relaxation.
However, the overall economics of the project present challenges. The all-in cost, estimated at £450,000 (including a renovation budget of £100,000), stretches beyond local value benchmarks, leading to a significant -36.7% margin against the local average. This makes the investment a heavier lift than it first appears. Prospective buyers should be prepared for a substantial refurbishment throughout the property, as general wear is evident in many areas, including the kitchen and bathroom. Stripped interiors and a £80,000–£120,000 works budget make this a full-gut programme, not a refresh. While the potential for development is exciting, careful consideration of the financial aspects is essential before committing to this project.
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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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