2-bedroom property · LE15 7EL
Sold STCReduced £15k (−9.1%) on 21 JunListed 233 days
Opportunity summary
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About
Summary This spacious two-bedroom park home for the over 50's is located in the peaceful village of Langham, which benefits from a church and a village pub.
The home also benefits from off-road parking for multiple cars, an open-plan living/dining room, a shed, and an en-suite to the primary bedroom.
Description This spacious two-bedroom park home is located on the Ranksborough Hall site, with the hall itself being built in 1893.
The site is for the over 50's which is located in the peaceful village of Langham, housing a church, and two local village pubs.
Many more local amenities can be found in the close by market town of Oakham, which is accessible via the bus from Langham, which benefits from multiple cafés, independent shops and much much more!
The accommodation comprises of an entrance hallway, open plan living/diner room, a sizeable kitchen, two double bedrooms, an en-suite.
The property also benefits from gas central heating from a mains tank, a driveway for multiple vehicles, two sheds and a low maintenance, landscaped wrap-around garden.
Internally Entrance Hall With a convenient storage cupboard, carpet under-foot, a radiator, and access through into the kitchen, living room, family bathroom and the sleeping areas.
Living Room 19' 1" x 11' 6" Plus Bay ( 5.82m x 3.51m Plus Bay ) This open plan living/dining room benefits from two double-glazed windows and a double glazed window to the side.
This room comprises from an electric fireplace, a TV aerial point, two radiators and is open plan to the dining room.
Dining Room 10' 8" x 7' 5" ( 3.25m x 2.26m ) This open plan living/dining room benefits from a double-glazed window, carpet under-foot, and a radiator.
Kitchen 15' 2" Maximum x 8' 11" Maximum ( 4.62m Maximum x 2.72m Maximum ) This stylish kitchen benefits from a dishwasher, a washing machine, a fridge/freezer, an oven, a pantry, a double-glazed window to the side, a double-glazed door leading to the garden and vinyl flooring underfoot.
Bedroom One 12' x 9' 4" Into Recess ( 3.66m x 2.84m Into Recess ) The primary bedroom consists of a double-glazed window, a radiator and carpet under-foot.
En-Suite Benefiting from an en-suite this room comprises of a w/c, a wash-hand basin, a walk-in shower, an electric shaving point, a double-glazed window, a radiator and vinyl flooring under-foot.
Bedroom Two 9' 4" x 8' 10" ( 2.84m x 2.69m ) This sizeable second bedroom benefits from a double-glazed window, a radiator and carpet under-foot.
Family Bathroom The family bathroom comprises of a w/c, a wash-hand basin, a walk-in shower, an electric shaving point, an airing cupboard, a double-glazed window, a radiator and vinyl flooring under-foot.
1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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 3, The Park, Ranksborough Hall, Oakham
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