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Nene Crescent, Oakham, LE15

East Midlands

£250,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1216 sqft

Description

Located in the tranquil suburb of Oakham, this 3-bedroom detached house presents a valuable opportunity for renovation and customization. While the property requires modernisation, its extended layout offers versatile options for redesigning the space to suit contemporary living preferences, such as creating an open plan environment that appeals to many homeowners today. Further potential lies in the possibility of adding two additional bedrooms above the garage, following the trend set by other properties on this street. Inside, you'll find a welcoming porch leading into a spacious hallway. The living and dining areas have been combined for a more cohesive atmosphere, with large windows throughout allowing plenty of natural light to flood in. A recently installed log burner adds a cozy touch for colder months. The extended kitchen is generous in size and well-equipped with ample storage and worktop space, making it ideal for culinary enthusiasts. This area flows into another room from the rear extension, which could serve as a home office or hobby space. The garage has been thoughtfully divided into several rooms, maximizing utility; it retains an electric door at the front while accommodating a toilet and two smaller rooms at the back that could be transformed into a functional utility area. Upstairs features a bright and airy landing with three good-sized bedrooms, all benefiting from large windows. The separate bathroom and toilet can easily be reconfigured to create a more modern layout. Outside, you’ll find parking for two vehicles at the front along with a garden that has potential for landscaping enhancements. Access to the rear garden offers ample space for planting and outdoor seating arrangements without overwhelming maintenance demands. This location is highly desirable due to its community-oriented environment and proximity to local amenities including shops, restaurants, schools, and transport links. With historical charm and natural beauty surrounding it, this property is perfect not only for families looking to create their dream home but also for investors keen on capitalizing on refurbishment opportunities in this sought-after market town.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -32.5% below area average per sq ft

-32.5%
Potential saving
This Property
£206/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£407,567
10% above area average per sq ft
Potential ROI
+35.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (LE15)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +8.1%
5 year growth: +7.8%
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

Nene Crescent, Oakham, LE15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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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