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Cold Overton Road, Oakham

East Midlands

£239,950
Listed on 27/03/2026

Property Details

Bedrooms
2
Type
Detached
Area
1050 sqft

Description

Situated in a central location in Oakham, this two-bedroom detached property offers a solid foundation for those looking to invest in a home that can be tailored to modern tastes. The house sits on a mature plot with both front and back gardens, providing ample outdoor space that could be further enhanced or landscaped. Inside, the entrance hall leads to spacious living and dining areas that benefit from natural light, creating an inviting atmosphere for daily use and social gatherings. The kitchen, positioned at the rear, features a separate pantry and direct access to the garden, making it ideal for reconfiguration or possible expansion with the right permissions. A downstairs WC adds convenience to the layout. Upstairs, two generously sized double bedrooms come with built-in storage solutions, while a centrally located family bathroom serves both rooms. Given the current setup, there is potential to convert one of the bedrooms into a third room, subject to planning advice. The property's exterior includes a driveway leading to a detached garage along with private rear garden space equipped with both paved and planted areas along with useful outbuildings—all of which could be revitalized or redesigned. With close proximity to local amenities and transport links, this property presents an excellent opportunity for buyers who wish to create their dream home while adding long-term value.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -24.0% below area average per sq ft

-24.0%
Potential saving
This Property
£229/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£347,193
10% above area average per sq ft
Potential ROI
+26.3%
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
£865
Based on a loan of £179,962 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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