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Balmoral Road, Oakham

East Midlands

£350,000

Listed on 22/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1124 sqft

Description

This three-bedroom detached residence presents a promising opportunity for those looking to create their ideal family home. With no onward chain, buyers can explore the potential this property holds. The spacious layout offers adaptable living spaces and generous bedroom accommodation suitable for various family needs. On the ground floor, you will find an inviting entrance hallway leading to a large living and dining area, a functional kitchen with ample storage solutions, and a convenient downstairs shower room. Upstairs, the three well-sized bedrooms are complemented by a family bathroom, all of which could benefit from modern touches tailored to personal style and preference. Additionally, an integrated single garage adds further versatility and could be converted into extra living space (pending planning consent). The property's exterior is equally attractive; it features a front driveway providing parking for multiple vehicles and an enclosed rear garden that offers privacy—ideal for children or outdoor entertaining. Currently laid to lawn with mature borders and a paved patio area, this garden has excellent potential for enhancement or expansion (subject to necessary approvals), such as incorporating a garden room or extending the existing structure. With its desirable location in the East Midlands and plenty of room for improvement, this property stands out as an appealing prospect for buyers eager to invest in a long-term family home that can be customized over time.

Investment Analysis

(LE15 area)

Above Market Value

This property is priced +1.4% above area average per sq ft

+1.4%
This Property
£311/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£275
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£379,637
10% above area average per sq ft
Potential ROI
-3.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LE15)

Area prices are stable by -1.4% over the last 12 months
3 year growth: +5.7%
5 year growth: +7.2%
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

Balmoral Road, Oakham
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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
£1,322
Based on a loan of £262,500 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

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