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Cold Overton Road, Oakham

East Midlands

£299,950
Listed on 14/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
1529 sqft

Description

This well-sized two-bedroom bungalow presents a promising opportunity for those looking to invest in refurbishment and create a personalized living space. The property has been maintained over the years, featuring a recently installed boiler that lays the groundwork for modernization. Offered with no chain, it allows for a smooth transition into ownership. Inside, you will find a bright reception room that welcomes natural light, accompanied by a fitted kitchen and a separate dining area. While the overall condition is good, there is ample room for interior updates to enhance functionality and aesthetics. An appealing aspect of this property is its substantial loft area, which has already been divided into two sizable rooms. This provides exciting potential for conversion (subject to necessary permissions), which could add valuable extra bedrooms or serve as a home office or creative space. On the exterior, the bungalow boasts a large garage alongside an expansive outbuilding currently utilized as workshops – perfect for hobbyists or as functional storage. The garden surrounding the property offers additional outdoor potential, ideal for landscaping pursuits. In summary, this bungalow is not only well-maintained but also versatile, with significant potential for expansion into the loft area and functional workshop space; it represents a rare investment opportunity in the East Midlands market.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -34.7% below area average per sq ft

-34.7%
Potential saving
This Property
£196/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£505,579
10% above area average per sq ft
Potential ROI
+53.2%
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

Cold Overton Road, 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
£1,082
Based on a loan of £224,962 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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