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See how verdicts work3-bedroom house · LE14 2PP
For saleListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Originally built in the 19th century as a water tower before being sympathetically converted into a truly individual home, this exceptional period property combines historic character with spacious and versatile family living.
Offering approximately 2,300 sq ft of beautifully presented accommodation arranged over three floors, together with private gardens and a collection of useful brick-built outbuildings, this is a rare opportunity to acquire one of the area's most distinctive homes.
The accommodation is entered via a spacious reception hall with exposed brickwork, flagstone flooring and a cloakroom.
At the heart of the home is the impressive dining kitchen, fitted with an extensive range of units, generous worktop space and ample room for family dining.
A separate dining room flows seamlessly through double doors into the generous sitting room, where a feature log-burning stove, exposed brickwork and French doors opening onto the garden create a wonderful space for both relaxing and entertaining.
To the first floor are two generous double bedrooms, including a superb master bedroom featuring a vaulted ceiling with exposed beams, built-in wardrobes and double doors opening onto a charming Juliet balcony.
The second bedroom boasts a versatile mezzanine level, providing useful additional space and charming character.
A stylish family bathroom serves this floor, complete with a freestanding bath with shower over, wash hand basin and WC.
Occupying the second floor is a further spacious double bedroom, benefiting from its own en-suite shower room and providing an impressive and private bedroom space.
Externally, the property is approached via a shared driveway leading to gates which open into a private block-paved driveway providing ample off-road parking.
The enclosed gardens are predominantly laid to lawn and complemented by mature trees, established borders, a generous patio ideal for outdoor entertaining.
In addition, there are three useful brick-built outbuildings formerly stables, providing excellent additional storage.
Situated within the desirable Rutland village of Somerby, the property enjoys a thriving community with a well-regarded public house, village hall and primary school, whilst the nearby market towns of Oakham and Melton Mowbray provide a wider range of shopping, schooling and leisure facilities.
Excellent road links offer convenient access to Leicester, Stamford and the A1.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 Water Tower, Somerby
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