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Mount Pleasant, Morcott, Rutland

East Midlands

£400,000
Listed on 23/08/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2476 sqft

Description

This four-bedroom stone cottage, complete with a one-bedroom annex, dates back to the early 1800s and presents a unique opportunity for renovation and modernization. Nestled on the edge of a tranquil village, the property enjoys scenic countryside views from both the front and rear, enhancing its charm and potential. Entering the main house, you are greeted by a spacious entrance hall featuring tiled floors and exposed stonework that hint at the property's historic character. The sitting room is bright and inviting, boasting a stone-built open fireplace and French doors that lead out to a patio area—perfect for outdoor gatherings. Adjacent to this space is a generously sized dining kitchen offering dual aspects that overlook the garden; it comes equipped with fitted units while providing ample space for free-standing appliances. A conservatory at the rear invites natural light and serves as an idyllic spot to enjoy seasonal changes in the garden. The unique layout includes two separate staircases leading to the first floor, which hosts three bedrooms with desirable countryside views. These rooms share two bath or shower facilities. The fourth bedroom, accessible from an inner hall on the ground floor, is spacious and also benefits from natural light through its dual-aspect windows. The attached one-bedroom annex offers additional design possibilities. It features its own entrance from the driveway as well as access from the main house, comprising an entrance hall, an open-plan living kitchen area with a generous conservatory that expands living space, a double bedroom, and a sizable shower room. Outside, the property sits on quiet no-through road surrounded by serene countryside. A gravel driveway provides off-road parking along with access to a double garage. Both the main residence and annex feature established gardens that face southeast, ensuring uninterrupted views over adjacent fields. The main garden offers expansive lawns interspersed with soft plantings and specimen trees while providing private seating areas on a large patio—an excellent canvas for landscaping enthusiasts. The annex's outdoor space wraps around two sides of the building with landscaped areas ideal for seating amidst floral borders. Situated in Morcott—a welcoming semi-rural village in Rutland—the location offers easy access to market towns like Stamford, Uppingham & Oakham as well as proximity to Rutland Water Reservoir for recreational activities. Local amenities include bus links to nearby towns and essential services such as grocery stores nearby on the A47. With all mains services connected alongside gas-fired central heating in place, this property not only promises comfortable living but also stands as an investment opportunity for those looking to add value through thoughtful

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -47.3% below area average per sq ft

-47.3%
Potential saving
This Property
£162/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£227
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Target Value
£835,600
10% above area average per sq ft
Potential ROI
+67.1%
After renovation
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LE15)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 12.9%
5 year growth: 13.0%
Investment Disclaimer: Analysis based on LE15 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

Mount Pleasant, Morcott, Rutland
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