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Braunston Road, Oakham

East Midlands

£400,000
Listed on 02/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2487 sqft

Description

This four-bedroom detached home offers a blend of character and significant renovation potential, making it an intriguing prospect for those looking to invest in a property with history and charm. Retaining many original features, the home exudes a sense of warmth and personality that invites creativity. Upon entering, you’ll find a spacious ground floor layout that includes three distinct reception rooms. Each room has its own unique character, providing ample opportunities for reconfiguration or modernization to better suit contemporary living. The kitchen, located at the rear of the property, opens onto useful outbuildings which include utility and storage spaces. This presents an excellent opportunity for expansion — subject to planning permission — allowing for the creation of an open-plan kitchen and dining area that could become the heart of the home. Practicality is well thought out with a downstairs WC and a tandem garage/workshop that adds further value. This space could easily be transformed into a dedicated workspace or hobby area, further enhancing the functionality of the home. On the first floor, you’ll discover four generously sized double bedrooms filled with natural light, each offering a blank canvas ideal for personalisation or updates according to your taste. A family bathroom and separate WC provide convenience for everyday living. The exterior features a sizeable garden that contributes to the overall appeal by offering privacy and space in proximity to Oakham's town centre. The outdoor area is ripe with possibilities for landscaping or other improvements, further amplifying its investment potential. Situated in a vibrant market town known for its historic charm, this property is conveniently located within walking distance of local amenities including shops, cafés, and restaurants. Additionally, Oakham benefits from excellent transport links and reputable schools, enhancing its desirability for families and commuters alike. In summary, this property presents an exciting opportunity for both full renovation or gradual enhancements while enjoying its unique character and prime location in Oakham. Whether you're looking to create your ideal family home or capitalize on investment potential, this residence stands ready for transformation.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -46.8% below area average per sq ft

-46.8%
Potential saving
This Property
£161/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£827,686
10% above area average per sq ft
Potential ROI
+79.9%
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

Braunston Road, 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