Happysnapper,
There's not a lot round here but if you look hard you can entertain yourself for an hour or two in and around Wakerley Woods,there are lots of open Bridle Ways around Oundle allthough mostly flat, Sherwood is worth a visit as is Cannock Chase, although best find a local for the Chase as FtD is not all it's cracked up to be. I regulairly go out to these places as well as the Long Mynd in Shropshire so if you want to join me some time give us a shout.
Rutland Velo Club do a regular Wednesday night ride, the full 24 miles around the water including the peninsular.
I am going out on Sunday and have this post on bikeradar, i've also posted it on Rutland Velo Club face book page if you want to join us your more than welcome
Post on bikeradar
OS maps have been scoured, google earth checked out and i'm all set to go! Riding out this Sunday, departing Whitwell car park at 9.30am on a little tour of North Rutland. Considering two routes each of about 30 miles with convenient pub stops on the way. A couple of riding buddies from Peterborough are coming over and… any extra company is welcome. We have done parts of these routes before but never linked the bits together into one route so it might be a bit of a map reading discovery ride allthough from google earth it does look like all the tracks and ROW's are in place.
This should be the link to the routes if you want to check things out before committing yourselves.
http://www.bikely.com/maps/bike-path/North-Rutland-Market-Overton
http://www.bikely.com/maps/bike-path/North-Rutland-Round