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Main Street, Empingham

East Midlands

£675,000
Listed on 22/08/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3370 sqft

Description

Wisteria House is a noteworthy late 18th-century farmhouse, constructed from stone and brick under a distinctive Rosemary tiled roof. This Grade II Listed property, situated in the heart of Empingham, spans approximately 0.41 acres and features a charming walled garden that offers both character and privacy. The location is particularly desirable, nestled within a vibrant Rutland village that boasts various amenities, including a modern public house, a community hall, and an active cricket club. Additionally, Rutland Water is just a short distance away, providing beautiful recreational opportunities. This residence presents significant renovation potential, making it an ideal investment for those looking to restore and personalize a historic home. The expansive layout comprises six bedrooms across three floors and includes several versatile living spaces that can be transformed according to your vision. While the property currently requires complete renovation, its generous dimensions allow for creative reconfiguration to enhance living space while retaining its original charm. Inside, you will find an entrance hall leading to multiple reception areas—a sitting room that has served as an additional bedroom with ensuite facilities, a drawing room, and an inner hall with cloakroom and pantry access. The kitchen includes secondary stairs that lead to the first floor where three bedrooms and a family bathroom are located. The second floor features three additional bedrooms. The exterior of Wisteria House complements its interior charm with a courtyard area that houses useful outbuildings alongside the double garage. A well-established walled garden primarily laid to lawn provides ample outdoor space for gardening or leisure activities. Additionally, the property benefits from essential services such as mains electricity and water while being heated by oil-fired central heating. The freehold offering comes with no onward chain, further simplifying the purchasing process. Given its Grade II Listing status and location within the conservation area, any renovations would need to align with preservation guidelines; however, this offers a unique opportunity to create a bespoke family home rich in history while potentially increasing its market value over time.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -33.8% below area average per sq ft

-33.8%
Potential saving
This Property
£200/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,121,553
10% above area average per sq ft
Potential ROI
+21.2%
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

Main Street, Empingham
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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
£2,473
Based on a loan of £506,250 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