Worst House on the Street Logo
Wood Lane, Greetham, Oakham - Image 1
Wood Lane, Greetham, Oakham - Image 2
Wood Lane, Greetham, Oakham - Image 3
Wood Lane, Greetham, Oakham - Image 4
Wood Lane, Greetham, Oakham - Image 5

Wood Lane, Greetham, Oakham

East Midlands

£895,000
Listed on 19/08/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2098 sqft

Description

This charming four-bedroom, two-bathroom cottage offers a unique opportunity for renovation and investment. Set on expansive grounds, the property features a picturesque mill stream, enhancing its tranquil atmosphere. Originally part of a functioning water mill, this home is surrounded by woodland and landscaped areas, providing both privacy and natural beauty. The property includes a former commercial fishery lake, which adds to its appeal as an investment. Accompanying the lake is a quaint timber fishing lodge equipped with a kitchenette and WC, ideal for various uses or leisure activities. Inside the cottage, there are two spacious reception rooms, a large breakfast kitchen, a utility room, and a downstairs cloakroom—creating ample living space that can be tailored to your needs. On the upper floor, four well-sized bedrooms and two bathrooms offer comfortable accommodations. Notably, planning permission has been granted for four holiday lodges on-site, with construction set to commence in 2029. This opens up exciting avenues for developing a leisure or hospitality venture. Additionally, the property's proximity to Greetham Valley Golf Course presents further potential; plans for a spa and additional leisure facilities at the golf course could provide synergistic business opportunities. The property is available without any onward chain, making it easier for investors or those looking to embark on renovation projects to move forward quickly. This listing also presents the option to acquire the entirety of the estate together at a stated price.

Investment Analysis

(LE15 area)

Above Market Value

This property is priced +39.0% above area average per sq ft

+39.0%
This Property
£427/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£227
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£89,500 - £223,750
10-25% of property value
Target Value
£708,033
10% above area average per sq ft
Potential ROI
-36.7%
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

Wood Lane, Greetham, Oakham
Map showing location of Wood Lane, Greetham, Oakham
Open Map