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Glaston Road, Preston, Oakham

East Midlands

£300,000
Listed on 17/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1173 sqft

Description

Situated in the picturesque village of Preston, this property offers a unique opportunity for renovation and transformation. Unavailable on the market for many years, it stands as a blank canvas for those wishing to invest in a home that can be tailored to personal tastes. The residence features an inviting hallway that leads to versatile ground floor spaces, including two reception rooms and a kitchen ripe for modernisation. Additionally, a study provides the potential for conversion into an office or even an extra bedroom. A bathroom and single garage complete the ground level. On the upper floor, three generously sized bedrooms await your creative touch, each flooded with natural light that can enhance their appeal when redesigned. A family bathroom is also present on this level. Outside, the expansive plot allows for extensive landscaping projects or potential extensions to maximise living space. Located near Uppingham and Oakham with easy access to Rutland Water, this property enjoys the benefits of serene countryside along with vibrant local amenities including schools, shops, and restaurants. The area is known for its strong community vibe and outdoor activity options such as sailing and walking trails. This represents not just a chance to purchase a house but an opportunity to create a bespoke residence reflective of your vision in one of Rutland's most sought-after settings.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -15.6% below area average per sq ft

-15.6%
Potential saving
This Property
£256/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£244
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£390,832
10% above area average per sq ft
Potential ROI
+8.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (LE15)

Area prices are falling by +5.1% over the last 12 months
3 year growth: 2.6%
5 year growth: 8.5%
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

Glaston Road, Preston, 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
£1,099
Based on a loan of £225,000 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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