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Peters Way, Bisbrooke, Oakham LE15 - Image 1
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Peters Way, Bisbrooke, Oakham LE15

East Midlands

£700,000
Listed on 11/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
2906 sqft

Description

This property presents a significant opportunity for buyers seeking a distinctive family home with substantial renovation potential in the attractive village of Bisbrooke, near Uppingham. Having been cherished by the same family for generations, the residence features a unique multi-level design that can be adapted to suit modern living needs. The spacious entrance hall invites you into an airy lounge that benefits from abundant natural light and south-facing views, complemented by large sliding doors leading to a balcony – ideal for soaking up the picturesque surroundings. The upper level is home to the principal bedroom suite, boasting a dressing area and en-suite shower room, along with an additional versatile bedroom perfect for guests or as a workspace. The lower level impresses with a dining room that opens directly onto the expansive gardens, creating an inviting atmosphere for gatherings. Here, you will also find an extended kitchen with significant potential for modernization and reconfiguration to meet contemporary standards. A noteworthy feature is the store room beneath the kitchen, which offers excellent prospects for conversion into leisure spaces such as a cinema room or home gym, pending necessary permissions. This area includes internal access to a double garage while additional rooms provide comfortable accommodations alongside convenient amenities including WCs and a family bathroom. Surrounded by well-maintained gardens and ample parking space at the front, this property is perfectly positioned to create a welcoming long-term family residence in this sought-after Rutland village. Investors and renovators alike will appreciate this rare chance to unlock the full potential of this unique property.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -20.9% below area average per sq ft

-20.9%
Potential saving
This Property
£241/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£974,004
10% above area average per sq ft
Potential ROI
+24.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (LE15)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +8.1%
5 year growth: +7.8%
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

Peters Way, Bisbrooke, Oakham LE15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,479
Based on a loan of £525,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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