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Welland Way, Oakham

East Midlands

£245,000
Listed on 04/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1019 sqft

Description

Located in a sought-after residential neighborhood of Oakham, this spacious home offers a prime opportunity for first-time buyers or investors looking to enhance value. Originally designed as a three-bedroom dwelling, the property has been modified to feature two bedrooms, creating an expansive master suite. However, the option to restore the third bedroom is still available, affording future owners the flexibility to adapt according to their needs. The ground floor is thoughtfully arranged for everyday living with a welcoming living room and a large kitchen/diner that provides ample space for family meals and entertaining. This area can benefit from cosmetic updates to align with personal style preferences. On the first floor, the remaining two bedrooms share a family bathroom, while additional storage on the landing offers convenience. The property's layout is well-suited for adaptation over time. A significant highlight of this home is its generous corner plot. The front yard accommodates off-street parking for multiple vehicles alongside a single garage equipped with an electric door. Currently used for storage, this garage could serve various purposes such as a workshop or gym and may even be integrated into the main living area, pending necessary approvals. At the rear lies a substantial garden that is well-maintained and presents an inviting outdoor sanctuary. The extensive plot also opens up possibilities for expansions in several directions, contingent upon local planning regulations. Welland Way's position in Oakham ensures convenient access to essential amenities, schools, and the town centre—making it an appealing choice for buyers who prioritize location along with renovation potential.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -20.6% below area average per sq ft

-20.6%
Potential saving
This Property
£240/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£244
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£339,521
10% above area average per sq ft
Potential ROI
+19.1%
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

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
£897
Based on a loan of £183,750 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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