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Bowling Green Close, Oakham.

East Midlands

£425,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1555 sqft

Description

This spacious four-bedroom detached home is located on a desirable street in the heart of Oakham, presenting a remarkable opportunity for renovation and investment. With no onward chain, this property offers a blank slate for those who wish to infuse their own style and vision. The thoughtful layout features a welcoming entrance hall that leads into versatile living spaces. To the left, you’ll find a well-sized dining room that can easily double as a home office, catering to today’s flexible lifestyle needs. The kitchen and breakfast area at the rear of the home provides direct access to the garden, making it ideal for both everyday living and entertaining. The expansive living room benefits from dual aspects, enhancing the sense of space and light throughout the ground floor. A conveniently located downstairs WC rounds out the features on this level. Heading upstairs, there are three generously sized double bedrooms alongside a single bedroom, all serviced by a family bathroom. This arrangement provides ample accommodations for families or guests alike. Set on a substantial corner plot, this residence boasts significant potential for extension or redevelopment (subject to local planning permissions). The expansive front and side lawns offer landscaping possibilities, while a driveway allows for off-road parking leading to a detached double garage. The south-facing rear garden presents an inviting outdoor area ripe for transformation into your ideal oasis. In addition to its appealing features, this property enjoys an enviable location within Oakham—known for its blend of historic charm and contemporary conveniences. Residents have easy access to an array of independent shops, cafés, restaurants, and excellent schools—all within walking distance. The nearby train station provides straightforward connections to Leicester and Peterborough, catering well to commuters seeking accessibility along with suburban tranquility. With beautiful countryside surroundings and proximity to Rutland Water Nature Reserve, this property offers the perfect balance of town and country living while presenting an exciting investment opportunity in a prime location.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -9.7% below area average per sq ft

-9.7%
Potential saving
This Property
£273/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£517,512
10% above area average per sq ft
Potential ROI
+11.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE15)

Area prices are falling by +2.7% over the last 12 months
3 year growth: 6.8%
5 year growth: 8.2%
Investment Disclaimer: Analysis based on LE15 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

Bowling Green Close, Oakham.
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,557
Based on a loan of £318,750 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE