4-bedroom detached house · LE15 7ES
Sold STCListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OPEN HOUSE FRIDAY 31ST JULY - 4:30PM-6PM - NO APPOINTMENT NECESSARY Approached via a long private driveway, 23 Main Street is an individually built stone and brick family home, set within mature south-facing grounds extending to approximately three-quarters of an acre and featuring a variety of specimen trees and established shrubs.
This well-proportioned property has remained in the ownership of the same family who originally commissioned its construction in the 1960s.
While now requiring full modernisation, the general fabric of the property is believed to have been well maintained, presenting an exciting opportunity for the next owner.
The existing house could be comprehensively remodelled and extended to create a far grander contemporary family home.
Alternatively, the generous plot may offer potential for redevelopment with one substantial new dwelling or a number of smaller homes, subject to obtaining the necessary planning permissions.
Set in the heart of this popular Rutland village, the property is particularly well placed for local amenities, with an award-winning junior school located at the bottom of the drive and a popular gastro pub within the village.
Oakham is within convenient reach, offering a wider range of shops, amenities and leisure facilities, together with excellent state and private secondary schooling options.
The property is offered for sale with no onward chain. An evening open house and Saturday morning open house will be held on Friday 28th July between 4:30pm-5:30pm, followed by best and final offers.
Value & comps
No previous sales on record.
Returns
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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 23, Main Street, Whissendine
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