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Empingham Road, LE15

East Midlands

£240,000

Listed on 31/03/2026

Property details

Bedrooms
3
Type
End Of Terrace
Area
904 sqft

Description

Located in the sought-after market town of Oakham, this three-bedroom end-of-terrace property presents a prime opportunity for those looking to craft their ideal family home. The house requires comprehensive modernisation throughout, offering a blank slate with spacious interiors and excellent potential to enhance. GROUND FLOOR The ground floor includes a roomy reception area suitable for relaxation or entertaining, along with a separate office space that could serve as a study or work-from-home area. The kitchen, although in need of an upgrade, has plenty of room for reconfiguration to become a modern, functional hub of the home. FIRST FLOOR Upstairs, you'll find two generously sized double bedrooms and a single bedroom, alongside a family bathroom that can be upgraded or reimagined to create an inviting living space tailored to contemporary needs. OUTSIDE The property features a private rear garden, perfect for outdoor activities and relaxation. Additionally, the substantial front space holds the potential to be transformed into parking with the appropriate permissions. LOCATION Conveniently situated near local amenities and well-linked transport options, this property merges accessibility with endless possibilities. With foresight and investment, it has the capacity to evolve into an impressive family residence.

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Investment analysis

(LE15 area)

Below Market Value

This property is priced -13.0% below area average per sq ft

-13.0%
Potential saving
This Property
£265/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£290
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£303,342
10% above area average per sq ft
Potential ROI
+1.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LE15)

Area prices are falling by -6.8% over the last 12 months
3 year growth: -0.4%
5 year growth: +2.0%
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

Empingham Road, LE15
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £180,000 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-4.0% since listed
£240,000£10,000(-4.0%)
24/04/2026
Current price
£250,000Initial listing
02/04/2026

Next Steps

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