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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 07/09/2026

The listing

Property details

Bedrooms
1
Type
Cottage
Area
506 sqft

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.

47out of 100
Grade ELow opportunity

Confidence: MEDIUM

This quaint Grade II listed, one-bedroom semi-detached cottage in Ridlington presents a unique opportunity for buyers seeking a characterful home in a desirable village setting. The asking price of £129,000 is notably cheap compared to the local average of £305/sqf, making it an attractive entry point for those looking to acquire and improve. While the property does require some cosmetic updates and renovations, the scope for enhancement, particularly in the living space with its charming inglenook fireplace and exposed ceiling beams, is significant.

However, potential buyers should be cautious of the economics of this project. The total all-in cost, considering the renovation range of £40,000 to £80,000, aligns the property at around £189,000. This figure stretches above the implied local average value of £154,355, which could limit the margin versus local benchmarks. Despite the inviting garden and good external condition, the overall renovation economics present a challenge that must be carefully evaluated before proceeding.

Key opportunities

  • Charming living space with character features like an inglenook fireplace and exposed beams.
  • Generous garden with potential for outdoor improvements and views of the countryside.
  • Opportunity for extension or further development, subject to approvals.

Key risks

  • All-in costs may exceed local benchmarks, affecting potential returns.

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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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