2-bedroom flat · LE15 6AA
For saleListed 139 days
Opportunity summary
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About
A fantastic opportunity to acquire this well-presented two bedroom second floor apartment situated within a sought after development overlooking the church and park.
The accommodation briefly comprises a kitchen with integrated appliances, lounge, two double bedrooms, an en-suite and a further bathroom.
The property has wood framed double glazing and a gas-fired central heating system. Outside there is a barrier-controlled car park with one allocated parking space.
Oakham is a well serviced town with good rail links to Cambridge, Stamford, Leicester and Birimingham. Rutland Water is also a 10 minute drive away.
Description - Discover the perfect blend of sophisticated modern living and historic charm in this exceptional two-bedroom apartment.
Situated within the prestigious, gated community of The Cloisters, this first-floor residence enjoys a prime position in the heart of Oakham.
The property is uniquely defined by its light-filled interiors and stunning outlooks toward the spire of All Saints Church and the leafy tranquil canopy of Cutts Close park.
The accommodation opens with a spacious and inviting entrance hall, featuring a secure intercom system and a large airing cupboard.
The heart of the home is the expansive Living and Dining Room; a beautifully proportioned space that feels bright and airy thanks to double doors opening onto a private Juliette balcony.
Further double doors lead seamlessly into the high-specification Kitchen.
Also benefiting from a second Juliette balcony, the kitchen is expertly fitted with a comprehensive range of contemporary wall and base units.
It comes fully equipped for modern life with a suite of integrated appliances, including a gas hob with extractor, fan-assisted oven, dishwasher, washer-dryer, and fridge-freezer.
The Master Suite is a generous sanctuary, complete with a large window framing the local scenery, integrated wardrobes, and a private en-suite featuring a modern corner shower.
The second double bedroom offers excellent versatility as a guest room or a premium home office, served by a well-appointed principal bathroom with a full-size bath.
Peace of mind is paramount at The Cloisters. The development is accessed via an electronic security barrier, and the apartment includes a private, allocated parking space.
With the town’s boutique shops, fine dining, and the train station just a short stroll away, this property offers an unparalleled lifestyle in the heart of Rutland.
Property Information - The freeholder is Cloisters Management (Oakham) Limited. Term of the lease is 125 years from 01/01/2003 - 102 years remain. Service Charge Payable : £1,675 per annum.
Ground Rent Payable : Peppercorn rent (if demanded) Council Tax : Band B. EPC : Band C. Services : No onward chain. Tenure : Leasehold
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About The Cloisters, Church Street, Oakham
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