Main Street, Lyddington, Oakham, Rutland
East Midlands
£400,000
Listed on 02/09/2026
Listed on 02/09/2026
The listing
Property details
Bedrooms
3Type
CottageArea
1989 sqftFeatures
- Garden
Description
This Grade II listed, double-fronted ironstone house on Lyddington’s Main Street is offered to cash buyers and requires comprehensive renovation. The accommodation includes two bay-fronted reception rooms, a kitchen and a glazed conservatory on the ground floor, with two double bedrooms, a single bedroom and a family bathroom upstairs. The house retains features including a ceiling beam and stone fireplace.
At the rear, a south-east-facing garden is mainly laid to lawn and includes a greenhouse and stone outbuilding. A substantial two-room stone workshop of approximately 630 sq ft also stands within the grounds and requires renovation. Double gates and a dropped kerb provide the potential for off-road parking, subject to any necessary consents.
The property has spray foam insulation in the roof space, which the seller notes can make mainstream mortgage finance difficult. A quotation for its removal is available on request. The house is stated to have mains services and gas-fired central heating. Lyddington has village amenities and is around two miles from Uppingham, with access to nearby market towns and rail connections in the wider area.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
80out of 100
Grade AStrong opportunity
Confidence: MEDIUM
At £400,000, this Grade II listed ironstone house is offered at £201 per sq ft, well below the local average of £305—a strong acquisition angle for a buyer ready to take on the work. The dated finishes across the rooms shown create scope to refresh the interiors, while the beam, stone fireplace and bay windows give the double-fronted home plenty of character to build on.
The project also includes a south-east-facing garden and a substantial two-room stone workshop of about 630 sq ft, which needs renovation and could offer future-use potential subject to consents. The main house appears broadly intact in the available photographs, but the workshop’s roof and fabric need closer inspection. The renovation range is £35,000–£65,000; the listing also states that the sale is for cash buyers only.
Key opportunities
- Acquire at £201 per sq ft, around 34% below the local average, with a £35,000–£65,000 renovation range.
- Refresh the dated interiors while retaining character features including ironstone elevations, bay windows, an exposed ceiling beam and stone fireplace.
- Renovate the substantial two-room stone workshop and explore potential future uses subject to the necessary consents.
Key risks
- The workshop is unfinished; its roof and fabric need closer inspection before budgeting for its renovation.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,511
Based on a loan of £300,000 over 30 years at 4.45% interest
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