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Main Street, Empingham, Oakham

East Midlands

£450,000

Listed on 07/09/2026

The listing

Property details

Bedrooms
3
Type
Bungalow
Area
1800 sqft

Description

This charming stone bungalow, set on a generous 0.2-acre plot in a desirable village, presents a unique opportunity for renovation. Built from salvaged ashlar stone from the nearby Normanton Hall, this property boasts historical significance with its Collyweston roof and classic architectural features like a pillared portico and box bay sash windows. While the home retains elements of grandeur from a bygone era, it is in need of modernisation, allowing prospective buyers to infuse contemporary style while preserving its external charm. The spacious interior includes a reception hall, a sitting room with a stone fireplace, and a dining room featuring full-height panelled picture sash windows that overlook the garden. The kitchen breakfast room is functional, and there are three well-proportioned bedrooms along with a large bathroom. The property is set back from the road, offering privacy with mature hedging and lawns leading to the front door. A substantial detached garage/workshop with double doors provides versatile usage options, while additional stone sheds offer extra storage. The enclosed rear garden enjoys a southerly aspect, featuring lawns and mature shrubs, perfect for outdoor relaxation. With gas central heating and offered with no chain, this property is ready for a new owner to unlock its full potential.

WHOTS analysis

Our WHOTS verdict

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

57out of 100
Grade DWeak opportunity

Confidence: MEDIUM

This attractive stone bungalow is set on a generous 0.2-acre plot and offers a unique opportunity for those looking to invest in a project. The property, with its historical charm and elements of grandeur, is priced at £250/sqf, which is significantly below the local average of £305/sqf. This advantageous pricing opens the door for buyers to acquire and modernise a home with character, while potentially adding value through refurbishment.

However, the renovation economics appear tight, as the all-in costs of approximately £600,000 are higher than the implied local average value of £549,090. The property does require significant work, with dated interiors, visible wear throughout, and the potential for structural issues. Yet, the high ceilings, spacious rooms, and mature garden provide a solid foundation for transforming this bungalow into a modern living space that respects its historical roots. This is a project that can yield satisfaction and financial return with the right vision and investment.

Key opportunities

  • Generous plot size provides ample outdoor space for landscaping or extensions.
  • Historical charm with features like high ceilings and original stonework offers a unique character.
  • Large detached garage/workshop provides additional potential for conversion or storage.

Key risks

  • Renovation costs may be tight given the all-in budget versus local market benchmarks.
  • Visible wear and outdated decor throughout indicate a comprehensive refurbishment is necessary.
  • Potential structural issues may require further investigation during the renovation process.

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Map

Location

Main Street, Empingham, Oakham
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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
£1,700
Based on a loan of £337,500 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.

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