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Park Lane, Oakham, LE15

East Midlands

£200,000

Listed on 31/07/2026

The listing

Property details

Bedrooms
3
Type
Not Specified
Area
1066 sqft

Features

  • Parking

Description

This three-bedroom property offers more than 1,100 sq ft of accommodation, with its own entrance, an enclosed outdoor area and extensive off-street parking. The entrance hall leads to a large utility and boot room, which could also serve as a home office or hobby space. Upstairs, the sitting room opens through to a fitted kitchen and dining area, alongside three double bedrooms and a family bathroom with a bath and separate shower. Planning permission is stated to have been granted for a bathroom window. The frontage is mainly block paved, with a separate gravelled section currently arranged as a garden and seating area. The layout allows for the parking and garden areas to be reconfigured, subject to the buyer’s requirements and any relevant checks. The property is offered with no onward chain. Park Lane is within walking distance of Oakham town centre and railway station. The listing describes the property as leasehold, with approximately 980 years remaining and no annual service or maintenance charges. It forms part of a converted building, with the ground-floor property having a separate entrance and parking accessed from the opposite side. The agent indicates anticipated rent of around £1,000 per calendar month; any letting arrangement, including short-term use, would need to be checked against applicable requirements and consents.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

78out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £200,000, this is a notably affordable way into the local market: the asking price is 38.5% below the local average per square foot, making the value proposition the standout. The photographed rooms look clean and usable, so this is a light-touch project rather than a major renovation; the older kitchen finishes offer scope for a cosmetic update, while the bathroom appears serviceable.

The three double bedrooms, separate entrance and extensive off-street parking add practical appeal, with a utility and boot room that could suit office or hobby use. The enclosed gravelled garden is modest but could be softened or enlarged if desired. Overall, a strong-value opportunity with useful space and manageable improvement potential.

Key opportunities

  • Acquire at a price per square foot well below the local average.
  • Refresh the dated kitchen finishes while retaining a clean, functional layout.
  • Make more of the utility and boot room as an office or hobby space, and optionally add planting to the enclosed garden.

Key risks

None recorded.

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Map

Location

Park Lane, Oakham, LE15
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Transport

Nearest stations

  • Oakham Rail Station

    0.1 miles

    Train · Oakham

  • Melton Mowbray Rail Station

    8.8 miles

    Train · Melton Mowbray

  • Stamford Rail Station

    10.8 miles

    Train · Stamford

  • Corby Rail Station

    12.8 miles

    Train · Corby Village

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£817
Based on a loan of £150,000 over 30 years at 5.13% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

-11.1% since listed
£200,000£25,000(-11.1%)
19/09/2026
Current price
£225,000Initial listing
31/07/2026

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