Sold Land

12 GILMORE CLOSE

OAKHAM, RUTLAND LE15 6FR

101 m² Listed 27 Mar 2026 (-80d)

£4,000

Guide Price

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Listing type

Auction

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Property details

Listing category

Auction

Tenure

FREEHOLD

Floor area

101 m²

Last sold

£370,000 Jul 2025

Local average

£769,855 (-99.5%)

Deprivation

Decile 10 (32,993 of 33,755)

Street crime

53 incidents within 1 mile (Apr 2026)

Key features

  • AUCTION SALE
  • 14 April 2026
  • EPC Rating - n/a
  • To view: By application to the site during daylight hours.

Description

SUMMARY
AUCTION SALE 14 April 2026 - Freehold Site extending to approx. 1 acre
Future Development Opportunity (stpp)
Full Vacant Possession
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DESCRIPTION
Freehold Site extending to approx. 1 acre
Future Development Opportunity (stpp)
Full Vacant Possession

Location:
The site is situated off Gilmore Close. Public transport links include Oakham Train station together with a network of local bus services serving the surrounding vicinity. Shopping amenities can be found within Oakham centre. Recreational pursuits can be found locally at the open spaces of Farside and Doncaster Close playing fields.

Total site area:
Approximately 1 acre

Description:
This parcel of land extends to approximately 1 acre. whilst sold on an unconditional basis, the land could hold potential for development. This could provide the opportunity for a buyer to consider developing this site subject to all necessary consents. Buyers must rely only on their own enquiries with regard to any development potential and permissions required.

To view: By application to the site during daylight hours.





Important Notice:
For each Lot, a contract documentation fee of £1,800 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior areas and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.



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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Listed by

Hammersmith Auctions

Sequence (UK) Limited - Connells

Reference: 173804120

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

63% since 2012

Event Date Price % change
Sold 04/07/2025 (11 months ago) £370,000 +63%
Sold 18/10/2012 (13 years ago) £227,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
25 PILLINGS ROAD, OAKHAM, RUTLAND, LE15 6QF £240,000 22/11/2022 Other
33 - 35 PILLINGS ROAD, OAKHAM, RUTLAND, LE15 6QF £750,000 26/07/2022 Other

Area average: £495,000 (2 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 45.6%
10y growth 11650%

House Price Index (HM Land Registry — official index, not sold-price averages): Rutland. Series: All dwelling types. As of March 2026.

1y (index) -3.8%
5y (index) 7.3%
10y (index) 35.4%

Rental Range

Estimated market rent for Rutland. Low = conservative, Realistic = average, Optimistic = best case.

Low £867/mo
Realistic £963/mo
Optimistic £1,059/mo

Based on Local Authority from postcode lookup → Rutland.

LHA (30th percentile) floor for Leicester: Apr 2025 – Mar 2026

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Perry's Printing & Trophies 0.3 miles
Train station Oakham 0.4 miles
Shop Mint 0.5 miles
Hospital Rutland Memorial Hospital 0.5 miles
Bus stop Bus Station 0.6 miles
Bus stop Unknown 2.4 miles
Train station Central Station 6.2 miles
Hospital St Mary's Hospital 8.7 miles

Street-level crime

Category Count
Shoplifting 16
Violence and sexual offences 9
Anti-social behaviour 6
Other theft 6
Public order 4
Drugs 3
Other crime 3
Criminal damage and arson 2
Theft from the person 2
Possession of weapons 1
Vehicle crime 1
Total incidents 53

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Brooke Priory School Other 0.3 miles (No rating)
Oakham CofE Primary School Primary 0.3 miles Good — 10 Oct 2017
English Martyrs' Catholic Voluntary Academy Primary 0.5 miles Good — 7 Nov 2011
Oakham School Other 0.5 miles (No rating)
Catmose College Secondary 0.5 miles Outstanding — 29 Apr 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, High Street, LE15 £2,650/mo 2 0.55 miles OpenRent
2 Bed End Terrace, John Street, LE15 £850/mo 2 0.57 miles OpenRent
4 Bed Terraced House, Cold Overton Road, LE15 £1,350/mo 4 0.59 miles OpenRent
2 Bed Flat, The Maltings, LE15 £895/mo 2 0.6 miles OpenRent
2 Bed Flat, The Maltings, LE15 £895/mo 2 0.6 miles OpenRent
1 Bed Bungalow, Penn St, LE15 £700/mo 1 0.65 miles OpenRent

Average rent: £1,223/mo (6 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 22.38%
Max investor price (0.8%) £111,875
Target investor price (1%) £89,500
Gross yield 268.5%
Cost-to-rent ratio 0.4×
Monthly cashflow £765/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 791.1%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).