Refurbishment Project on Vicarage Road, Oakham
By Newton Fallowell
£ 495,000
Reviews
2 out of 5 stars
Newton Fallowell says ..
A unique opportunity to secure a property within the highly desirable Vicarage Road area of Oakham, with only a short walk to the town centre, local schools, and train station. Offered for sale with NO ONWARD CHAIN and benefitting from FULL PLANNING PERMISSION, this fantastic home offers great...
Property Oracle says ..
This property on Vicarage Road, Oakham, presents a significant refurbishment project. The four-bedroom house is located in a generally desirable area, close to well-regarded schools and Oakham town centre. However, the current condition of the property is poor, requiring substantial investment to bring it up to a habitable standard. The exterior shows clear signs of neglect, including boarded-up windows and overgrown gardens. While the provided floor plans offer a vision of potential, the current state necessitates a complete renovation. The list price should be considered in light of the necessary costs associated with such a large-scale project. The absence of precise square footage data for the property and surrounding areas makes a definitive price-per-square-foot comparison impossible. Buyers should conduct thorough due diligence, including obtaining professional surveys and cost estimates for the renovation, before making an offer. The potential return on investment will depend heavily on the successful completion of the refurbishment and the prevailing market conditions in Oakham at the time of resale.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 3
- Location
- 7
- Land
- 5
- Bedrooms
- 4
- Bathrooms
- 1
- Sqft (est)
- 1,658.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 399,750.00 £Decreased by 13.23 %
- Est sale value
- 557,088.00 £Increased by 0.30 %
- Average area rental value
- 1,195.00 £/moDecreased by 26.46 %
- Est letting value
- 1,658.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.59 %Decreased by 15.13 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Newton Fallowell created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| English Martyrs' Catholic Primary School | Academy Converter | Good | 0.27 KM |
| The Parks School | Community Special School | Outstanding | 0.48 KM |
| The Shires At Oakham | Other Independent Special School | Outstanding | 0.55 KM |
| Oakham School | Other Independent School | 0.71 KM | |
| Brooke Priory School | Other Independent School | 1.23 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Fair View | £ 0 | 0 | 0.00 KM |
| Beech Road | £ 0 | 0 | 0.00 KM |
| Pilton Close | £ 0 | 0 | 0.00 KM |
| Chestnut Road | £ 0 | 0 | 0.00 KM |
| Market Place | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Oakham | 1904 | OKM | 1.36 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Refurbishment Project on Vicarage Road, Oakham | £ 495,000 | BUY | 5 / 10 | 0.00 KM |
| St. Albans Close, Oakham, Rutland | £ 650,000 | BUY | 6 / 10 | 0.05 KM |
| Peterborough Avenue, Oakham | £ 695,000 | BUY | 7 / 10 | 0.11 KM |
| St. Albans Close, Oakham, Rutland | £ 750,000 | BUY | Unknown | 0.12 KM |
| Vicarage Road, Oakham | £ 575,000 | BUY | 6 / 10 | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 1 Sculthorpe Close | £ 435,000 | 0.10 KM |
| 3 Vicarage Road | £ 523,740 | 0.12 KM |
| 4 Vicarage Road | £ 815,000 | 0.12 KM |
| 5 St Albans Close | £ 425,000 | 0.12 KM |
| 1 St Albans Close | £ 575,000 | 0.12 KM |