2-bedroom bungalow · LE13 1TF
Sold STCListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Summary Description An excellent opportunity to acquire this two bedroom semi detached bungalow in need of updating which occupies an enviable position within this well regarded residential area convenient for the town centre and is offered with no upward chain.
Entrance Hall Entrance via a part glazed front door with an open cupboard which houses the meters and fuses and there is a loft hatch providing access to an insulated loft area, doors to: Kitchen 8'7" x 8'5" Window to front and a range of eye and base level units with roll top work surfaces and tiled splash backs.
There is a sink drainer unit, an electric cooker point, plumbing for a washing machine, space for a fridge freezer and there is a built-in pantry cupboard.
Lounge Dining Room 16'6" x 10'7" Window to front and there is a open fire with a tiled hearth and mantel.
Bedroom One 11'2" x 10'7" A double bedroom with a window to rear and two fitted wardrobes with cupboards above. Bedroom Two 8'7" x 7'9" Window and a part glazed door to rear.
Shower Room 6'6" x 5'5" Frosted window to side and a three piece suite to comprise: Low flush WC, pedestal wash hand basin and an independent shower cubicle, tiled splash backs, heated towel rail, extractor fan and a 'Dimplex' wall heater.
Detached Garage Up and over garage door and a window and a door to side.
Front Well tended and mainly laid to lawn with a shingled drive, courtesy lighting and double gated access to the garage and to the rear garden.
Rear Garden A well tended and low maintenance garden which has a patio area with steps leading up to a lawn area with flowers and shrub boarders, a paved terrace and the garden is mainly enclosed by panelled fencing.
Property Services The property benefits from mains electric with British Gas, water and drainage with Severn Trent. There is no gas connected.
Broadband - Standard and Superfast & Ultrafast -see Ofcom checker for more details. Broadband currently connected with Virgin Media. Mobile-see Ofcom checker for more details.
PN: Probate has been granted.
Situation This property occupies a pleasant position within a popular residential area convenient for the town centre, John Ferneley College, a number of primary schools and the Country Park.
Directions Proceed out of town along the Scalford Road for approximately 400 yards and then turn right into Elgin Drive and the property is approximately half way along on the left.
Viewings Strictly by appointment through Mike Ford Estate Agents & Valuers Ltd. Telephone: .
Third Party Referral Arrangments Mike Ford Estate Agents & Valuers Ltd have established professional relationships with third-party suppliers for the provision of services to clients.
As remuneration for this professional relationship, the agent receives referral commission from third- party companies.
Details are available upon request at: Disclaimer Although Mike Ford Estate Agents & Valuers Ltd believe these details to be fair and accurate description of the property their accuracy cannot be guaranteed and they do not form part of any contract.
Prospective buyers should satisfy themselves as to the property's suitability and make their own enquires before making any financial commitment.
Only the fixtures and fittings described in these details are included in the selling price.
Mike Ford Estate Agents & Valuers Ltd has not checked they are fit for purpose and we have not tested any of the services (gas, electricity, water, drains and so on) mentioned.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs

FAQ
About Elgin Drive, Melton Mowbray
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