3-bedroom house · LE15 6HR
Listing removedListed 192 days
Opportunity summary
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About
Mulberry House, a charming three-bedroom home dating back to 1650, has been beautifully modernised while retaining its original period features.
The property features a private courtyard garden and off-road parking, all ideally located in the heart of Oakham town centre.
Ground Floor - Enter the property into a spacious entrance hall, beautifully finished with flagstone flooring that extends throughout the ground floor, seamlessly connecting all the main living areas.
The ground floor accommodation briefly comprises a well-appointed kitchen, two reception rooms, a utility room, and a downstairs cloakroom.
The kitchen features an excellent range of modern shaker-style units, a built-in dishwasher, a large pantry cupboard, and space for a Range-style cooker.
An archway leads through to a bright dining area, with dual-aspect windows that flood the space with natural light.
A substantial central island provides additional storage, a generous seating area, and space for an American-style fridge freezer.
Adjacent to the dining area, the utility room offers further storage and space for white goods.
At the rear of the property, the well-proportioned main reception room boasts an impressive Inglenook fireplace with an open fire and two side-facing windows.
The ground floor is completed by a convenient cloakroom.
First & Second Floor - Stairs rise to a spacious first-floor landing with ample built-in storage and access to two generously sized double bedrooms.
The principal bedroom benefits from built-in wardrobes and a modern ensuite shower room with a shower and wash hand basin.
Also on this floor is a well-equipped family bathroom comprising a shower bath, wash hand basin, low flush WC, and a heated towel rail.
A second staircase leads to the top floor, where a charming third bedroom is located.
This room includes built-in twin beds, integrated storage, and offers a versatile space ideal for relaxing or play.
Outside - Externally, the property boasts a recently landscaped courtyard garden, offering a private and low-maintenance outdoor space ideal for relaxing or entertaining.
Additionally, the property features off-road parking. Perfectly positioned in the heart of the town centre, the property is just a short walk from a full range of local amenities.
Location - Oakham is an attractive and historic market town with a full range of shops and other facilities.
There are excellent primary and secondary schools with independent schools in the area at Oakham, Stamford and Uppingham.
The town is conveniently located for ease of access to major centres such as Leicester, Peterborough, Corby, and Kettering.
These 4 centres all have main line train services and the ability of reaching London within the hour.
Services & Council Tax - The property is offered to the market with all mains services and gas-fired central heating. Rutland County Council – Tax Band E Tenure - Freehold
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 Alwyne Close, Oakham, Rutland
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