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Empingham Road, LE15

East Midlands

£250,000
Listed on 31/03/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
904 sqft

Description

Located in the charming market town of Oakham, this three-bedroom end-of-terrace property presents a valuable opportunity for those aiming to establish a personalized family residence. The home is in need of comprehensive modernization, offering a spacious layout and significant potential for transformation. On the ground floor, you'll find a large reception room that provides ample space for both leisure and entertaining, complemented by a separate office area suitable for remote work or study. The kitchen requires updating but holds promise for becoming a modern, functional gathering spot for family and friends. Moving to the first floor, the layout includes two generously sized double bedrooms and an additional single bedroom, along with a family bathroom that can be reconfigured or enhanced to meet contemporary standards. Outside, the property features a private rear garden perfect for outdoor activities, as well as a substantial front yard that offers excellent possibilities for conversion into a driveway, pending necessary approvals. This property is ideally situated near local amenities and benefits from good transport links, making it an excellent choice for those looking to invest in an area with growth potential. With creativity and investment, this house could evolve into a stunning family home.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -9.2% below area average per sq ft

-9.2%
Potential saving
This Property
£277/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£302,994
10% above area average per sq ft
Potential ROI
-2.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Empingham Road, 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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