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Orchard House Main Street, Barrow, Oakham

East Midlands

£400,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached property is situated in the desirable village of Barrow, conveniently located a short drive from Oakham. While the home is currently in need of modernisation, it offers an exciting opportunity for those looking to invest in a renovation project and create a living space that reflects their personal style. The property is set on a generous plot, highlighted by an expansive rear garden that presents a tranquil outdoor environment. This space not only promises a serene retreat but also allows for various landscaping possibilities, making it ideal for gardening enthusiasts or those interested in creating outdoor entertainment areas. The potential to extend the property—subject to planning permissions—adds further allure for buyers eager to enhance and customize their new home. Inside, the layout features two reception rooms, a kitchen, three bedrooms, and two bathrooms. There is also the convenience of off-road parking and side access leading to the rear garden. The existing structure provides a solid foundation for renovations, allowing you to reconfigure rooms or update finishes as desired. With ample character and space, this property stands out as an excellent investment opportunity in a peaceful village setting. Residents can enjoy easy access to nearby Oakham, local schools, and scenic countryside walks—a perfect combination for families and nature lovers alike. Whether you're looking to craft your dream home or seeking a promising investment project, this property holds significant potential for the right buyer.

Investment Analysis

(LE15 area)
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
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

Orchard House Main Street, Barrow, 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
£1,465
Based on a loan of £300,000 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