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Church Lane, Oakham, Morcott

East Midlands

£965,000
Listed on 13/05/2026

Property Details

Bedrooms
3
Type
Character Property
Area
3343 sqft

Description

Nestled in the tranquil village of Morcott, Owl Barn presents a unique opportunity to acquire a property steeped in character while also offering significant potential for further development. The historic coach house, dating back to 1826, not only enhances the property's charm but serves as a versatile space that could easily be transformed into additional living areas or workspace with the right vision. This three-storey structure, along with its protected stone boundary walls, invites creative thinking for those looking to maximize its use. The main residence was rebuilt in 1987 and combines modern design with traditional stonework, creating an inviting atmosphere throughout. The interior features a well-appointed kitchen complete with high-end appliances, including an AGA, perfect for culinary enthusiasts. With flexibility at its core, this home includes a versatile study that can adapt to various needs - whether it becomes a fourth bedroom or remains as a functional office space. The upper level boasts an expansive living room that benefits from dual aspects capturing stunning countryside views and allows for various layouts tailored to your lifestyle. Further possibilities lie within the substantial loft area that spans the entire house—a blank canvas ideal for expansion or reconfiguration pending appropriate planning permission. Outside, beautifully landscaped gardens envelop the home, providing serene outdoor spaces complemented by a newly installed studio/garden room that offers further adaptability as guest accommodation or workspace. Given Morcott's position within Rutland's picturesque settings and its close proximity to amenities in Uppingham, this property not only stands out today but promises considerable investment returns through thoughtful renovations and updates.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -6.2% below area average per sq ft

-6.2%
Potential saving
This Property
£289/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£247
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,131,137
10% above area average per sq ft
Potential ROI
+8.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE15)

Area prices are stable by -1.6% over the last 12 months
3 year growth: +5.2%
5 year growth: +7.6%
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

Church Lane, Oakham, Morcott
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,443
Based on a loan of £723,750 over 30 years at 3.97% 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

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