Refurbishment Project on Vicarage Road, Oakham
NE

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 %
from 460,713.00 £
Est sale value
557,088.00 £
Increased by 0.30 %
from 555,430.00 £
Average area rental value
1,195.00 £/mo
Decreased by 26.46 %
from 1,625.00 £/mo
Est letting value
1,658.00 £/mo
Unchanged by 0.00 %
from 1,658.00 £/mo
Est rental Yield
3.59 %
Decreased by 15.13 %
from 4.23 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Newton Fallowell created the listing.

Nearby Schools

NameTypeOfstedDistance
English Martyrs' Catholic Primary SchoolAcademy ConverterGood0.27 KM
The Parks SchoolCommunity Special SchoolOutstanding0.48 KM
The Shires At OakhamOther Independent Special SchoolOutstanding0.55 KM
Oakham SchoolOther Independent School0.71 KM
Brooke Priory SchoolOther Independent School1.23 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Fair View £ 000.00 KM
Beech Road £ 000.00 KM
Pilton Close £ 000.00 KM
Chestnut Road £ 000.00 KM
Market Place £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Oakham1904OKM1.36 KM

Nearby Listings

AddressPriceTypeScoreDistance
Refurbishment Project on Vicarage Road, Oakham £ 495,000BUY5 / 100.00 KM
St. Albans Close, Oakham, Rutland £ 650,000BUY6 / 100.05 KM
Peterborough Avenue, Oakham £ 695,000BUY7 / 100.11 KM
St. Albans Close, Oakham, Rutland £ 750,000BUYUnknown0.12 KM
Vicarage Road, Oakham £ 575,000BUY6 / 100.13 KM

Nearby Properties

AddressPriceDistance
1 Sculthorpe Close £ 435,0000.10 KM
3 Vicarage Road £ 523,7400.12 KM
4 Vicarage Road £ 815,0000.12 KM
5 St Albans Close £ 425,0000.12 KM
1 St Albans Close £ 575,0000.12 KM