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Maresfield Road, Barleythorpe, Oakham - Image 1
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Maresfield Road, Barleythorpe, Oakham

East Midlands

£250,000

Listed on 12/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
420 sqft

Description

This spacious three-bedroom terraced house offers a fantastic opportunity for first-time buyers or families seeking a comfortable home. The ground floor features a welcoming entrance hall that leads into a generously sized living room, perfect for relaxation and entertaining. At the rear, you'll find a bright kitchen/breakfast room, equipped with a range of wall and base units, providing ample space for cooking and casual dining. A convenient downstairs WC completes the ground floor layout. Upstairs, the property boasts three well-proportioned bedrooms, including a sizable master bedroom with an en-suite shower room, along with a family bathroom. This layout is ideal for modern family living, balancing space and practicality. Outside, the good-sized rear garden is mainly laid to lawn with paved areas and established planting, creating an inviting space for outdoor activities and relaxation. Additionally, off-road parking is available for at least two vehicles, a valuable feature for any family home. Presented in good condition throughout, this property combines excellent proportions with practical accommodation, offering plenty of potential for new owners to personalize it to their taste. This is an ideal opportunity for anyone looking for a home that provides more space than initially expected, along with the benefits of parking and a private garden.

WHOTS analysis

Our WHOTS verdict

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

21out of 100
Grade ELow opportunity

Confidence: MEDIUM

This three-bedroom terraced house presents a well-maintained and modern interior, making it a strong contender for first-time buyers or families seeking a comfortable living space. The spacious living area, modern kitchen, and good-sized garden add to its appeal, offering a pleasant environment for relaxation and entertaining. The property is in good condition throughout, allowing a new owner to move in and enjoy the home right away.

However, it's important to note that the asking price of £250,000 translates to £595 per square foot, which is significantly above the local average of £305 per square foot. This pricing, combined with the estimated renovation costs of £20,000 to £40,000, stretches the overall budget in comparison to local benchmarks for similar properties. While the house offers solid fundamentals and a decent location, prospective buyers should carefully consider the financial implications before proceeding, as the value proposition is less favorable in this instance.

The score stays cautious where the quoted refurb range (£30,000) on top of the asking price brings all-in exposure close to £280,000, about 54% ahead of typical local benchmarks for this size. So the headline score reflects limited headroom, not a judgement on the house as a project.

Key opportunities

  • Well-maintained modern interior offers a comfortable move-in option.
  • Spacious living area and good-sized garden enhance family living.
  • Potential for personal touches and improvements in the kitchen and bathrooms.

Key risks

  • The asking price and refurbishment costs combined result in a stretched budget compared to local property values.
  • Worth allowing for £280,000 when purchase and the £30,000 refurb range are added together — around 54% above what similar-sized stock commands locally today; we have not assumed a post-renovation resale figure.

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Map

Location

Maresfield Road, Barleythorpe, Oakham
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Finance

Mortgage calculator

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

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 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.

Tax

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

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