4-bedroom bungalow · LE15 7NG
For saleListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying a charming position in the heart of the sought-after village of Greetham, Waterside Cottage is an attractive stone-built home offering characterful and versatile accommodation, off-road parking and a delightful established garden with a stream running alongside the boundary.
The accommodation includes a welcoming sitting room centred around an attractive Stamford stone fireplace, with wood-effect flooring and neutral décor creating a warm and comfortable living space.
The kitchen is fitted with a range of Shaker-style units, tiled splashbacks, integrated cooking appliances and generous worktop space, opening through into a bright adjoining dining area with vaulted ceiling.
The principal bedroom is a well-proportioned double room featuring extensive fitted storage and an exposed timber beam, together with an adjoining en-suite shower room.
There are two further double rooms serviced by a family bathroom.
A further versatile room, currently arranged as a home salon, provides excellent flexibility for those working from home and may equally suit a study, hobby room or other ancillary use, or as self-contained studio accommodation.
Externally, the property is approached over a generous gravelled frontage providing off-road parking.
To the rear is an attractive and established garden with lawn, mature planting, trees and gravelled seating areas, including a sheltered space ideal for outdoor dining and entertaining.
A garden room/summerhouse provides a further useful retreat.
A particularly distinctive feature is the picturesque stream running alongside the garden boundary, framed by mature greenery and overhanging trees, creating a wonderfully tranquil backdrop to this charming village home.
Greetham is a highly regarded Rutland village with a strong sense of community and excellent local amenities, including two popular pubs, a village shop and primary school.
Surrounded by attractive countryside, it is well placed for Rutland Water and offers convenient access to the A1, with the market towns of Oakham and Stamford both within easy reach.
Not familiar with Oakham? Check out our short video guide!
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 Great Lane, Greetham
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