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Wakerley Road, Barrowden, Oakham LE15 - Image 1
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Wakerley Road, Barrowden, Oakham LE15 - Image 3

Wakerley Road, Barrowden, Oakham LE15

East Midlands

£725,000
Listed on 17/03/2026

Property Details

Bedrooms
4
Type
Detached
Area
2379 sqft

Description

Nestled in the desirable village of Barrowden within Rutland, this four-bedroom bungalow offers a substantial opportunity for renovation and modernization. The property features a spacious entrance lobby leading into a central hallway that connects to various living spaces. The kitchen, currently paired with a dining room, presents an exciting chance to create an open-plan layout that caters to contemporary lifestyles. An extension at the back includes a WC and utility area with direct access to the garden. The bright lounge is designed for comfort and relaxation, enhanced by multiple windows that fill the space with natural light. The sleeping quarters are positioned separately across the hallway, with the principal bedroom benefiting from an en-suite shower room and views of the garden. Additional bedrooms include one with French doors opening to outdoor space, ideal for seamless indoor-outdoor living. Externally, along with its double garage, there’s an additional workshop/garage built under existing planning permissions, offering potential as extra living space or a dedicated home office or studio. Surrounded by expansive gardens that provide privacy and tranquil rural views, this property is ideally located within reach of essential amenities in nearby market towns such as Uppingham, Stamford, and Oakham. With its strong community appeal and extensive development potential, this bungalow is a noteworthy investment opportunity in one of Rutland's most cherished villages.

Investment Analysis

(LE15 area)

Above Market Value

This property is priced +1.4% above area average per sq ft

+1.4%
This Property
£305/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£786,640
10% above area average per sq ft
Potential ROI
-2.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (LE15)

Area prices are falling by -2.4% over the last 12 months
3 year growth: +5.8%
5 year growth: +9.0%
Investment Disclaimer: Analysis based on LE15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Wakerley Road, Barrowden, Oakham LE15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,615
Based on a loan of £543,750 over 30 years at 4.06% 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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