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Lonsdale Way, Oakham

East Midlands

£220,000

Listed on 23/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
936 sqft

Description

This three-bedroom semi-detached home presents a valuable opportunity for buyers looking to invest in a property with significant potential. The house, offered without the hassle of an onward chain, features spacious ground floor reception rooms that are ideal for family living and entertaining. The existing layout provides flexibility, allowing for easy modifications and modernization to meet your specific tastes and requirements, pending planning approval. Both the kitchen and reception areas are filled with natural light, creating a friendly atmosphere throughout the home. On the upper level, you will find three well-sized bedrooms, providing comfortable accommodation along with a family bathroom. The interior’s generous dimensions enable you to enhance the space according to your vision, making it perfect for those aiming to create a tailored family environment. Externally, the property boasts a large rear garden with ample room for outdoor dining, children's play areas, or additional landscaping ideas. The front also offers a sizeable plot complete with a private driveway and carport that accommodates multiple vehicles. With established shrubs and trees surrounding the mature garden, you gain both privacy and serenity – appealing whether you enjoy gardening or simply wish to relax outdoors. Situated in a desirable residential neighborhood within the East Midlands, this property is conveniently near local amenities, schools, and transport links. It's an exceptional chance to unlock further value through renovation in such a sought-after location.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -23.5% below area average per sq ft

-23.5%
Potential saving
This Property
£235/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£275
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£316,139
10% above area average per sq ft
Potential ROI
+24.0%
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

Lonsdale Way, 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
£831
Based on a loan of £165,000 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

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