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Large Corner Plot - Excellent Modernisation Project

East Midlands

£425,000
Listed on 26/03/2026

Property Details

Bedrooms
5
Type
Detached

Description

Situated in the desirable village of Market Overton, Rutland, this property provides a promising opportunity for those looking to invest in a renovation project. Nearby local amenities include a shop, public house, doctors' surgery, and a cricket club, while excellent transport links to the A1 and proximity to vibrant market towns like Oakham and Stamford enhance its appeal. These towns are known for their dining options, cultural activities, and reputable schools. Offering a substantial five-bedroom layout with generous living spaces, this home is ready for modernization to become a tailor-made family residence. The ground floor features an ample lounge, dining room, kitchen/dining area with utility space, and integral garages that could be repurposed or expanded. The first floor accommodates all five bedrooms alongside essential bathrooms. Set on a corner plot within a tranquil cul-de-sac, there is potential for extension or landscaping improvements. This property is priced accordingly to reflect necessary updates needed throughout. The attractive location combined with its 'blank canvas' status makes it an excellent investment opportunity without any onward chain complications.

Investment Analysis

(LE15 area)
Area Average
£301/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Large Corner Plot - Excellent Modernisation Project
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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
£1,533
Based on a loan of £318,750 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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