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Redland Road, Oakham

East Midlands

£315,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1200 sqft

Description

This four-bedroom detached property is situated on a spacious plot in a well-regarded neighborhood of Oakham, offering significant renovation and investment potential. The home presents an opportunity for buyers looking to modernize and make it their own, with a flexible layout that could be tailored to suit various lifestyles. Upon entering, you'll find a welcoming hallway that leads into a generously sized living room, characterized by its dual-aspect windows providing ample natural light. The kitchen is strategically positioned at the heart of the home and includes a pantry along with convenient access to a practical ground floor shower room. Adjacent to the living area, the dining room connects seamlessly to a conservatory, which serves as a sun-filled space ideal for relaxation or potential transformation into an additional living area. The upper level features four well-sized bedrooms. The master bedroom boasts plenty of space and light, while the other two bedrooms comfortably accommodate double beds. The fourth bedroom offers versatility as either an ideal nursery or home office. A centrally located family bathroom caters to the needs of all bedrooms, complemented by built-in storage options accessed from the landing. Set back from the street, this property benefits from a private front garden as well as gated side access that leads you to the rear. A detached single garage provides secure parking or extra storage space, while the expansive rear garden remains largely untouched—an exciting canvas for future landscaping or even expansion opportunities (subject to necessary planning permissions). Located conveniently close to Oakham's vibrant town center, residents will enjoy easy access to a variety of local shops, restaurants, schools, and essential amenities. The area is well-served by public transport connections and robust road links; Oakham train station offers direct services to Leicester and Peterborough with onward routes available to London. With its solid foundation in both structure and location, this property represents an exceptional opportunity for those eager to invest in their vision of a dream family home while benefiting from all that Oakham has to offer.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -13.2% below area average per sq ft

-13.2%
Potential saving
This Property
£263/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£399,366
10% above area average per sq ft
Potential ROI
+9.4%
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

Redland Road, 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
£1,154
Based on a loan of £236,250 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