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Cold Overton Road, Oakham

East Midlands

£299,950

Listed on 14/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1529 sqft

Description

This two-bedroom bungalow presents an appealing opportunity for renovation, making it ideal for buyers eager to put their personal touch on a property. The home has been kept in good condition and features a modern boiler, serving as a solid starting point for further enhancements, and is available with no onward chain. The layout includes a bright and airy reception room, a practical kitchen, and a separate dining area, alongside two comfortably sized bedrooms and a bathroom. Although the interior could use some updating to meet contemporary standards, it remains fundamentally sound and ready for transformation. A standout element of this property is the expansive loft space, which has been partially finished into two substantial rooms. This area holds significant potential for conversion into additional bedrooms or versatile spaces such as an office or studio (subject to obtaining necessary permissions). Outside, the property impresses further with a generous garage and a large outbuilding currently utilized as workshops, catering well to hobbyists or those needing extra storage or workspace. The garden offers an inviting outdoor area with ample opportunities for landscaping and enhancing the outdoor living experience. In summary, this bungalow offers considerable scope for refurbishment, featuring excellent workshop facilities and promising options for loft expansion while maintaining the advantages of a well-cared-for home.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -36.1% below area average per sq ft

-36.1%
Potential saving
This Property
£196/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£275
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£516,427
10% above area average per sq ft
Potential ROI
+51.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LE15)

Area prices are stable by -1.4% over the last 12 months
3 year growth: +5.7%
5 year growth: +7.2%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £224,962 over 30 years at 4.45% 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.

Stamp Duty Calculator

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