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18 Alpine Close, Oakham LE15 6NP - Image 1
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18 Alpine Close, Oakham LE15 6NP

East Midlands

£65,000
Listed on 23/03/2026

Property Details

Bedrooms
2
Type
End Of Terrace
Area
467 sqft

Description

This two-bedroom end-terraced house presents a compelling opportunity for renovation in a desirable area of Oakham. The property features an open-plan kitchen and living space on the ground floor, accompanied by a bathroom, while the first floor houses two bedrooms. With some TLC, this home has the potential to be transformed into a comfortable rental property, with projected rental income of around £1,000 per month or £12,000 per year. Externally, the house benefits from front and rear yards and convenient on-street parking. Located close to local shopping amenities and recreational fields, as well as having good access to road links via the A606, this property is ripe for refurbishment and investment.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -53.7% below area average per sq ft

-53.7%
Potential saving
This Property
£139/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£154,418
10% above area average per sq ft
Potential ROI
+71.6%
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

18 Alpine Close, Oakham LE15 6NP
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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
£234
Based on a loan of £48,750 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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