We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · LE15 6PG
For saleReduced £25k (−11.1%) on 19 SepListed 87 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offering over 1,100 sq ft of accommodation, three genuine double bedrooms and a surprisingly generous amount of outside space, this impressive first floor apartment has far more to offer than first meets the eye.
Providing the space and feel of a house, it's a rare opportunity within easy reach of Oakham town centre.
Entered via its own private entrance hall, the property also benefits from a large utility and boot room, which could equally be used as a home office or hobby room.
Stairs lead to the first floor, where you'll find an impressive open living space with a spacious sitting room flowing through to a fitted kitchen dining room, together with a family bathroom featuring both a bath and separate shower (planning permission has been granted for the installation of a window).
Outside is where this property really stands apart. It owns a substantial block paved frontage, with part already fenced and gravelled as a private garden area.
Whether you're looking for ample parking, a larger garden, or a combination of both, the space offers excellent flexibility to suit your needs.
Offered to the market with no onward chain, this is a rare opportunity and one that really needs to be viewed to appreciate the space and potential on offer.
Accommodation - entrance hall, utility and boot room/home office, first floor landing, fitted kitchen dining room open through to sitting room, three double bedrooms, family bathroom.
Location - Park Lane is conveniently positioned within easy walking distance of Oakham's historic market town centre, where you'll find an excellent range of independent shops, cafés, restaurants and everyday amenities.
Oakham railway station is also within walking distance, providing direct links to Leicester, Peterborough and Birmingham, while Rutland Water and excellent road links, including the A1, are just a short drive away.
Agent's Note - The property is leasehold with approximately 980 years remaining on the lease and there are no annual service or maintenance charges.
The apartment forms part of a converted building, with the ground floor apartment having its own separate entrance and parking, accessed independently from the opposite side of the property.
EPC Rating: C Disclaimer In accordance with current legal requirements, all prospective purchasers are required to undergo an Anti-Money Laundering (aml) check.
An administration fee of £40 per property will apply. This fee is payable after an offer has been accepted and must be settled before a memorandum of sale can be issued.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
.png)
FAQ
About 2 Park Lane, Oakham
Explore nearby