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Elm Close, Oakham, Rutland

East Midlands

£215,000
Listed on 23/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
958 sqft

Description

This middle-terrace house offers a solid foundation for renovation and investment, featuring three spacious bedrooms and a well-designed layout. The property benefits from gas central heating and double glazing, providing a comfortable living environment. The ground floor includes an entrance hall, cloakroom, modern kitchen/diner, and a sitting room with an elegant fireplace that could be enhanced further. Upstairs, the three double bedrooms are complemented by a bathroom that presents opportunities for modernization. The exterior boasts an attractive garden with landscaping potential and an outbuilding suitable for conversion into a utility space or workshop. The ample off-road parking is an added advantage in this established residential area on the edge of Oakham, making it ideal for families or as an investment project. With no chain involved, this property is ready to be transformed into your vision.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£224/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£316,825
10% above area average per sq ft
Potential ROI
+32.0%
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
33%
Properties sold annually

Local Market Trend (LE15)

Area prices are falling by +3.9% over the last 12 months
3 year growth: 3.5%
5 year growth: 8.3%
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

Elm Close, Oakham, Rutland
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£775
Based on a loan of £161,250 over 30 years at 4.06% 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.

Next Steps

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