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Melton Road, Oakham, LE15

East Midlands

£180,000

Listed on 17/07/2026

Property details

Bedrooms
3
Type
End Of Terrace
Area
357 sqft

Description

This spacious property offers a solid foundation for renovation, with an entrance hall leading to a generously sized living room featuring exposed wood flooring. The rear-facing kitchen diner presents an ideal opportunity to modernize, complete with ample storage and necessary utilities, including space for a cooker. The downstairs shower room is functional but could benefit from contemporary updates. Upstairs, you'll find three double bedrooms offering potential for reconfiguration and improvement along with a W.C. Outside, the expansive garden provides significant potential for landscaping or even extension, while the possibility of incorporating parking at the rear adds further value. This property is ripe for transformation into a modern family home or an investment opportunity.

Investment analysis

(LE15 area)

Above Market Value

This property is priced +65.3% above area average per sq ft

+65.3%
This Property
£504/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£290
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£119,793
10% above area average per sq ft
Potential ROI
-45.5%
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

Melton Road, Oakham, 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
£680
Based on a loan of £135,000 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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