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Wood Lane, Greetham, Oakham

East Midlands

£895,000
Listed on 19/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1616 sqft

Description

This unique four-bedroom, two-bathroom character cottage is nestled within its own extensive grounds, featuring an original mill stream that adds to its charm. Once part of a functioning water mill, the property boasts an attractive setting surrounded by woodlands and meticulously landscaped gardens. A previously operational commercial fishery includes a picturesque lake, complemented by a timber fishing lodge outfitted with a kitchenette and WC. Inside, the residence offers generous space with a large breakfast kitchen, two comfortable reception rooms, a utility area, and a convenient downstairs cloakroom. On the upper level, you'll find four well-sized bedrooms along with two bathrooms. Notably, planning permission has been secured for the construction of four holiday lodges, which can commence in 2029—an exciting prospect for anyone looking to venture into leisure or hospitality. The property is conveniently located next to Greetham Valley Golf Course, which has proposals in place for additional spa and leisure facilities that could create synergistic business opportunities. This property is also available for purchase without any onward chain.

Investment Analysis

(LE15 area)

Above Market Value

This property is priced +83.1% above area average per sq ft

+83.1%
This Property
£554/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£537,813
10% above area average per sq ft
Potential ROI
-45.4%
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

Wood Lane, Greetham, 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
£3,279
Based on a loan of £671,250 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