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Bowling Green Close, Oakham, LE15

East Midlands

£400,000
Listed on 17/01/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1555 sqft

Description

This detached family residence, located near the centre of Oakham, presents a promising opportunity for renovation and personalisation. While the property is currently habitable, an extensive refurbishment could significantly enhance its appeal and value. The home is well-positioned on a generous corner lot, featuring ample outdoor space with a large lawn in both the front and side yards, as well as additional garden area at the back. A detached double garage and a spacious driveway ensure convenient off-street parking for multiple vehicles. Inside, you will find an entrance hall leading to various living spaces including a dining room, sitting room, kitchen/breakfast area, four bedrooms, and a family bathroom. The layout offers flexibility for modernising the interior according to your specifications. Moreover, there is scope for future extension subject to local planning permissions (STPP), with many neighbouring homes having successfully expanded their living spaces. Set within the tranquil Cricket Lawns Estate, this property benefits from a sense of community and proximity to essential amenities in Oakham town centre. With shopping options, cafés, restaurants and reputable schools nearby, this area is ideal for families seeking both comfort and convenience in an established neighbourhood.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -15.1% below area average per sq ft

-15.1%
Potential saving
This Property
£257/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£244
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£518,110
10% above area average per sq ft
Potential ROI
+12.6%
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

Bowling Green Close, Oakham, LE15
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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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