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Garrigill CA9

North East

£220,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Cottage
Area
1514 sqft

Description

This charming two-bedroom cottage in the picturesque village of Garrigill offers significant potential for renovation and investment. The property features two reception rooms and a host of outbuildings, including an electrically-equipped workshop, ideal for those looking to create functional space or pursue hobbies. The home is equipped with oil central heating and showcases beautiful views of the surrounding countryside. While the cottage presents a cozy living area with an original Victorian cast iron open fire and built-in storage solutions, it could benefit from modern upgrades throughout—making it a prime candidate for improvement projects. The well-maintained garden, along with ample driveway parking, enhances its appeal as a future investment. Located in an area renowned for its natural beauty and local amenities, this property is perfect for homeowners seeking to create their dream retreat or investors aiming to capitalize on the growing demand for rural homes.

Investment Analysis

(CA9 area)

Below Market Value

This property is priced -21.7% below area average per sq ft

-21.7%
Potential saving
This Property
£145/sq ft
Area Average
£186/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£308,932
10% above area average per sq ft
Potential ROI
+18.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CA9)

Area prices are falling by -3.0% over the last 12 months
3 year growth: -14.6%
5 year growth: +11.9%
Investment Disclaimer: Analysis based on CA9 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

Garrigill CA9
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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
£831
Based on a loan of £165,000 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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