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Malvern Walk, Oakham

East Midlands

£170,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
990 sqft

Description

This three-bedroom mid-terraced property is situated in the vibrant center of Oakham, presenting a solid investment opportunity for those willing to undertake renovations. It is conveniently located near a variety of local amenities, including shops, cafes, and reputable schools, making it an appealing option for families, first-time buyers, and investors alike. Accessible without any onward chain, this home invites potential buyers to explore its renovation possibilities. Upon entry, you are greeted by a bright hallway that leads to a spacious open-plan dining and sitting area. This flexible space is ideal for both everyday living and entertaining guests, featuring French doors that provide direct access to the garden. The kitchen offers ample worktop space and storage options and can be accessed both from the dining area and the hallway, which also includes a convenient downstairs W/C. The first floor comprises three well-sized bedrooms. The principal bedroom is comfortably spacious, while the second bedroom also provides generous accommodation. The third bedroom can serve as a child's room or home office, catering to various needs. Completing this level is a family bathroom that offers additional utility. Externally, the property features a manageable rear garden that allows for easy outdoor enjoyment with minimal upkeep. This outdoor space serves as a blank canvas for potential landscaping or recreational enhancements. A gate at the back leads to communal parking facilities. Given its prime location in Oakham—close to essential services and transport links—this property holds excellent potential for transformation into a modern family home or investment unit. With the opportunity to personalize its interior while benefiting from nearby community resources, interested buyers are encouraged to consider this property as their next project.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -43.2% below area average per sq ft

-43.2%
Potential saving
This Property
£172/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£329,477
10% above area average per sq ft
Potential ROI
+64.7%
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

Malvern Walk, 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
£623
Based on a loan of £127,500 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