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Wakerley Road, Barrowden, Oakham - Image 1
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Wakerley Road, Barrowden, Oakham

East Midlands

£725,000
Listed on 13/03/2026

Property Details

Bedrooms
4
Type
Detached house
Area
2379 sqft

Description

Nestled in the highly desirable village of Barrowden within Rutland, this four-bedroom bungalow offers a unique opportunity for renovation and personalization. The property is approached via a spacious driveway leading to a double garage, with an adjoining workshop that provides valuable space for hobbies or storage. Inside, the layout begins with an entrance lobby leading into a central hallway that connects the living spaces and bedrooms. The kitchen, while functional, presents exciting potential for modernizing by integrating it with the dining room to create a seamless open-plan area suitable for contemporary living and entertaining. An extension at the back serves as a utility room and WC, offering practicality but ripe for enhancement. The lounge is generously sized and filled with natural light through three large windows, making it an ideal retreat for relaxation or gatherings. The bedroom configuration separates living from sleeping areas; the principal bedroom features views of the garden along with its own en-suite shower room, while two additional double bedrooms include one with French doors opening directly into the garden—an attractive feature enhancing outdoor access. A versatile fourth bedroom at the front could serve as a home office or guest accommodation, complemented by a family bathroom equipped with both separate shower and WC facilities. Externally, beyond the attached garages lies an impressive separate garage or workshop structure that benefits from existing planning permission—this presents future owners possibilities ranging from living accommodations to creative workspaces or studios (subject to necessary permissions). The gardens envelop the home providing both privacy and scenic views of adjoining fields, fostering a tranquil rural atmosphere while maintaining proximity to vibrant village life. Barrowden boasts picturesque stone cottages and a strong community spirit alongside essential amenities found in nearby historic towns such as Uppingham, Stamford, and Oakham—all just a short drive away. This property not only promises generous grounds but also significant scope for development; thus representing an exceptional opportunity to craft a bespoke home in one of Rutland’s most sought-after locales.

Investment Analysis

(LE15 area)

Above Market Value

This property is priced +1.4% above area average per sq ft

+1.4%
This Property
£305/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£786,640
10% above area average per sq ft
Potential ROI
+0.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (LE15)

Area prices are falling by -2.4% over the last 12 months
3 year growth: +5.8%
5 year growth: +9.0%
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

Wakerley Road, Barrowden, Oakham
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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
£2,615
Based on a loan of £543,750 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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