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Brooke Road, Oakham

East Midlands

£325,000
Listed on 28/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1474 sqft

Description

Nestled in the charming market town of Oakham, this property presents an excellent opportunity for renovation enthusiasts or investors. The home features a unique layout with a practical flow, highlighted by an inviting entrance and off-road parking. Upon entry, you will find a spacious hallway that leads to an airy lounge adorned with a bay window and traditional fireplace, setting the stage for potential updates to enhance its charm further. The heart of the home is undoubtedly the kitchen-dining area, which has been recently opened up to create a modern social space ideal for family life and hosting guests. However, there's room for improvement here to elevate functionality and style even more. The utility area and downstairs WC offer additional practicality but could benefit from some modernisation. A seasonal summer room at the rear opens onto a generous garden that holds great promise for future development; whether it be adding an office or leisure space (subject to permissions), this outdoor area is ripe for transformation. Upstairs, three well-sized bedrooms and a spacious family bathroom are ready for personal touches. The landing's size allows for creative use as a reading nook or workspace. Notably, the loft is fully boarded with VELUX windows in place, providing an enticing avenue for conversion into additional living space contingent on planning approval. Situated within easy reach of Oakham's amenities including shops, cafes, and schools, this home combines character and modern living while offering significant potential for enhancement.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -27.1% below area average per sq ft

-27.1%
Potential saving
This Property
£220/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£490,555
10% above area average per sq ft
Potential ROI
+34.4%
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

Brooke 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
£1,191
Based on a loan of £243,750 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