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Belmesthorpe, Stamford

East Midlands

£490,000
Listed on 26/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

Nestled on the outskirts of a tranquil Rutland village, this property presents an excellent opportunity for renovation and investment. Encompassing approximately 4.8 acres, the site has approved planning permission (2020/0441/FUL) for a distinctive single-family home, making it an ideal canvas for those looking to create a unique living space in a serene environment. The approved design emphasizes open-plan living and includes three double bedrooms, three bathrooms, a study/library, and utility space. The layout takes full advantage of the picturesque views and allows for outdoor enjoyment with gardens and woodland surroundings, as well as river frontage along the edge of the plot. In addition to its appealing design, the focus on sustainability is a standout feature. The building incorporates thermal elements that exceed current building regulations by 15%, enhancing energy efficiency and reducing operating costs. Ground-source heating will provide both warmth and hot water efficiently, while advanced mechanical ventilation will ensure optimal air quality throughout the property. Located just a couple of miles from Stamford—a Georgian market town known for its vibrant community—this property offers easy access to local amenities including shops, restaurants, and recreational facilities. The charming hamlet of Belmesthorpe itself boasts a blend of rural character with modern conveniences. Local leisure options are abundant; golf courses like Burghley Park and Luffenham Heath are nearby, while Rutland Water offers opportunities for various outdoor activities such as cycling, fishing, and watersports—perfectly suited for those who appreciate nature. With connections to essential services already established—including electric, water, and gas—this site is not only ready for development but also carries significant investment potential due to its desirable location near Stamford's thriving community. This property represents an exciting opportunity to create a sustainable residence that harmonizes modern living with the beauty of countryside life.

Investment Analysis

(PE9 area)
Area Average
£347/sq ft
Avg Rent (weekly)
£275
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£49,000 - £122,500
10-25% of property value
Monthly Sales
33
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by +4.1% over the last 12 months
3 year growth: -1.0%
5 year growth: 12.5%
Investment Disclaimer: Analysis based on PE9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Belmesthorpe, Stamford
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