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East Midlands
£495,000
Listed on 11/09/2026
Listed on 11/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This four-bedroom detached cottage in Milford presents a solid project opportunity for buyers looking to create a personalized home. While the interiors are dated and require significant updating, the property features unique character elements and a south-facing garden, making it a promising canvas for transformation. The asking price of £495,000 is set at £278/sqf, which is 6% below the local average of £296/sqf, suggesting reasonable value for the location.
However, prospective buyers should note that the all-in costs, estimated around £555,000, appear tight against current local benchmarks. This could limit potential margins once the renovation is complete, but the character and setting of the cottage in the Derwent Valley World Heritage Site offer significant appeal. With no chain involved, this property could be an excellent choice for those ready to invest in a project with great potential.
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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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