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Welland Way, Oakham

East Midlands

£375,000
Listed on 17/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1116 sqft

Description

This charming detached bungalow is situated on a spacious plot, presenting an excellent opportunity for renovation and potential expansion (subject to planning permission). The property features three well-sized bedrooms, a contemporary kitchen, and a sizable reception/dining area that flows into a bright conservatory, providing views of the expansive garden. The current layout allows for flexible living arrangements and offers considerable scope for creating an open-plan design to better accommodate modern family lifestyles. Outside, the generous garden is primarily laid to lawn and serves as a blank canvas for landscaping or outdoor enhancements. Additionally, there is a garage accompanied by an adjoining annexe, which could function as a home office, art studio, or guest suite. A separate outbuilding houses two storage areas and a workshop, further expanding the functional space available. This property not only provides ample room for extending the main residence but also invites creative possibilities for outdoor entertaining spaces like patios or garden rooms. Located in the picturesque market town of Oakham, this bungalow benefits from nearby amenities including diverse shopping options and local markets held on Wednesdays and Saturdays. The town also offers essential services such as healthcare facilities, schools ranging from local authority establishments to the esteemed Oakham School catering to various age groups, as well as private preparatory education at Brooke Priory. This location not only enhances daily convenience but also positions the property well within a desirable community setting, making it an appealing investment opportunity with significant long-term potential.

Investment Analysis

(LE15 area)

Above Market Value

This property is priced +11.1% above area average per sq ft

+11.1%
This Property
£336/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£371,410
10% above area average per sq ft
Potential ROI
-8.3%
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

Welland Way, 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
£1,374
Based on a loan of £281,250 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