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Cold Overton Road, Oakham, LE15 - Image 1
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Cold Overton Road, Oakham, LE15

East Midlands

£165,000
Listed on 14/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
829 sqft

Description

Clematis Cottage presents a promising prospect for homebuyers and investors alike with its three-bedroom configuration. Having undergone renovations in the past, this property is now primed for further updates to maximize its appeal and functionality. Its robust structure offers ample opportunity for customization and enhancements to suit individual tastes. The rear garden, which basks in afternoon sunlight, features an enclosed space that could be expanded by reimagining the side passageway access. While parking isn't directly accessible, nearby Long Row offers convenient car parking options within walking distance. The layout comprises an entrance hall leading to a lounge and separate dining area—where the chimney could potentially be reopened—alongside a practical fitted kitchen and a first-floor landing that includes a study nook. The three bedrooms and family bathroom complete the accommodation. Located opposite a local shopping parade that includes essential amenities like convenience stores, takeaways, and an upcoming café, this cottage enjoys both practicality and community spirit. With public transport connections nearby offering direct routes to Leicester and London, as well as access to well-regarded schools and Oakham Hospital just down the road, the property is ideally situated in this historic market town. Oakham itself boasts diverse independent shops, restaurants, and recreational areas such as Rutland Water, enhancing its allure for both homeowners and renters.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -33.8% below area average per sq ft

-33.8%
Potential saving
This Property
£199/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
£274,163
10% above area average per sq ft
Potential ROI
+44.3%
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

Cold Overton Road, Oakham, LE15
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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
£595
Based on a loan of £123,750 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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