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High Street, Morcott, Oakham, Rutland

East Midlands

£595,000
Listed on 04/02/2026

Property Details

Bedrooms
5
Type
Detached house

Description

This five-bedroom Grade II listed farmhouse, dating back to 1686, presents a unique opportunity for renovation enthusiasts and investors alike. Situated in a desirable village in Rutland, the property features a wealth of historical charm, with original details such as exposed stonework, ceiling beams, and multiple fireplaces that could be enhanced during renovations. The layout offers ample space for family living spread across three floors, including four reception rooms and a loft area ripe for transformation. The external grounds include mature gardens and an original barn that holds significant potential for conversion into additional living space or an annexe (subject to planning consent). With off-road parking and a garage already in place, this property is well-equipped to support future enhancements. Despite being lovingly maintained by the same family for over four decades, certain areas within the home could benefit from modernization—especially the heating system and single-glazed windows—opening avenues for substantial improvement while retaining its character. Early viewing is encouraged to fully appreciate the scope this property offers.

Investment Analysis

(LE15 area)
Area Average
£301/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
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

High Street, Morcott, Oakham, Rutland
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,146
Based on a loan of £446,250 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.

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