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3 Church Lane, Ridlington, Oakham, Rutland LE15 9AL - Image 1
3 Church Lane, Ridlington, Oakham, Rutland LE15 9AL - Image 2
3 Church Lane, Ridlington, Oakham, Rutland LE15 9AL - Image 3

3 Church Lane, Ridlington, Oakham, Rutland LE15 9AL

East Midlands

£129,000Guide Price

Listed on 08/09/2026

The listing

Property details

Bedrooms
1
Type
Cottage
Area
506 sqft

Features

  • Garden

Description

This charming Grade II listed detached cottage, nestled in the desirable village of Ridlington, offers a unique opportunity for both homeowners and investors. The property features one cozy bedroom and is set on a generous plot, providing potential for extension, subject to necessary approvals. The ground floor welcomes you with an entrance porch leading into an open-plan living kitchen, characterized by exposed ceiling beams and a delightful inglenook fireplace. The kitchen is equipped with fitted units and space for appliances, along with access to a rear patio and garden. Additionally, a utility area enhances storage options. Upstairs, you’ll find a double bedroom and a bathroom featuring a shower-bath, wash hand basin, and low-flush toilet. Outside, the expansive garden wraps around the property, primarily laid to lawn and adorned with mature planting, creating a picturesque setting. A patio area directly off the living space serves as an ideal spot for outdoor dining, all while offering lovely views over the village and surrounding countryside. Offered freehold with vacant possession, this property is a great home or investment opportunity. Offered at auction.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

68out of 100
Grade CPotential opportunity

Confidence: MEDIUM

This compact Grade II listed cottage has plenty of character, with exposed beams, stonework and an inglenook fireplace, plus a generous established garden and patio. The guide price of £129,000 is around 16% below the local average per square foot, making it an attractive entry point for a light-touch project; the kitchen and bathroom finishes could be refreshed while keeping their serviceable fittings. Bidding can take the hammer above the guide, so the eventual price may not stay this cheap.

The figures indicate potential rather than a guaranteed resale margin: the £137,500 purchase-plus-renovation midpoint is below the implied current local average value, but that is not a renovated GDV and excludes fees and stamp duty. The listing also describes scope for an extension subject to approvals, though feasibility is not established; the thatched roof’s condition should be checked independently.

Key opportunities

  • Acquire below the local average per-square-foot figure at the guide price, subject to the final auction bid.
  • Refresh the older-style kitchen and bathroom finishes without necessarily replacing serviceable fittings.
  • Make the most of the generous established garden, patio and distinctive character features; the listing also mentions possible extension subject to approvals.

Key risks

  • The condition of the thatched roof cannot be verified from photographs and should be checked independently.

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Map

Location

3 Church Lane, Ridlington, Oakham, Rutland LE15 9AL
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£487
Based on a loan of £96,750 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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