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Main Street, Thistleton, Oakham LE15

East Midlands

£875,000
Listed on 01/10/2025

Property Details

Bedrooms
12
Type
Detached house

Description

This expansive property presents a unique renovation and investment opportunity with significant potential for development. The centerpiece is a spacious farmhouse featuring 12 bedrooms, offering ample living space that can be transformed into a remarkable countryside residence. Nestled on approximately 3 acres of land, the property includes two prime building plots, each extending to 0.5 acres, which have been granted outline planning permission for the construction of detached homes. The main farmhouse is situated in a private setting, providing a tranquil atmosphere while still enjoying convenient access to nearby amenities and local attractions. With approved plans for extensions and alterations (Rutland County Council Ref: 2024/0816/ful), there is considerable scope to enhance the existing structure and customize it to your specifications, making it an excellent project for those looking to create their ideal living space. In addition to the house and building plots, the property features a versatile outbuilding that can serve multiple purposes—whether used for storage, as a workshop, or potentially converted into additional living space or rental units. This flexibility adds another layer of value and potential income generation. Set in an appealing rural area known for its natural beauty and community spirit, this property offers not just a home but also an opportunity for investment in a growing market. Whether you are seeking to develop new residences or wish to renovate and expand the current farmhouse, this site holds the promise of becoming a bespoke residential retreat or successful development project in the heart of Rutland.

Investment Analysis

(LE15 area)
Area Average
£307/sq ft
Avg Rent (weekly)
£227
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£87,500 - £218,750
10-25% of property value
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LE15)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 12.9%
5 year growth: 13.0%
Investment Disclaimer: Analysis based on LE15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Main Street, Thistleton, Oakham LE15
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