2-bedroom terraced house · LE13 0TG
Listing removedListed 80 days · slow let
Opportunity summary
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About
A well-presented two bedroom end of terrace situated on a popular estate off of Welby Lane on the north side of the town.
The property benifits from uPVC double glazing and gas fired central heating and comprises of lounge, kitchen/diner, two bedrooms, and a bathroom.
Outside there is a low maintenance lawned garden to the rear and a residents’ car park to the front.
Conveniently situated to the north of town local amenities include Welby Lane post office and shop and the property has good links to both Asfordby/Leicester/Loughborough and Nottingham.
Summary - LOUNGE (14.10 x 12.7 ft) with an electric feature fire and surround, storage cupboard, and a radiator.
KITCHEN/DINER (12.8 x 7.11 ft) with a range of wall and base units, stainless steel sink and drainer unit set in roll top laminate wood effect worktops, freestanding electric oven and hob, freestanding washer/drier (not to be maintained by landlord), space for fridge freezer, space for table and chairs, tiled splashbacks, wood effect vinyl flooring and door to back garden.
STAIRS TO FIRST FLOOR LANDING leading to:- DOUBLE BEDROOM (11.11 x 9.6 ft) with a TV aerial point, cupboard enclosing hanging rails and a radiator. SINGLE BEDROOM (11.2 x 6.2 ft) with a radiator.
BATHROOM with a three piece white suite comprising w.c., pedestal wash basin, bath with electric shower over, tiled splashbacks, heated towel rail, vinyl flooring and cupboard housing wall mounted gas combi boiler.
OUTSIDE Low maintenance lawned garden with patio area and car parking space to the front. Important Tenancy Information - The Property Is UNFURNISHED to include carpets and some curtains only.
INTERNET : ADSL and Fibre Broadband internet available. Council Tax : Melton Borough Council : Band : B. Deposit : £951 Term : An assured periodic tenancy is offered.
Services : Mains electricity, water, gas and drainage. EPC : D VIEWINGS : Strictly by appointment with Shouler & Son only. Holding Deposit : Equivalent of one weeks rent inc VAT.
Restrictions: No business use. Flood/Erosion Risk: None to report. Planning Permissions : None to report. See Accessibility: Stairs to first floor. Construction: Brick under tile roof.
Relevant letting fees and tenant protection information As well as paying the rent, you may also be required to make the following permitted payments.
Permitted payments Before the tenancy starts (payable to Shouler & Son Surveyors the Agent ) Holding Deposit: 1 weeks rent Deposit: A sum equivalent to 5 weeks rent During the tenancy (payable to the Agent) Payment of up to £50.00 if you want to change the tenancy agreement Payment of interest for the late payment of rent at a rate of 3% above the Lloyds Bank Base Interest Rate Payment of £50.00 for the reasonably incurred costs for the loss of keys/security devices Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy (two months rent if looking to vacate within the fixed term) During the tenancy (payable to the provider) if permitted and applicable Utilities gas, electricity, water Communications telephone and broadband Installation of cable/satellite Subscription to cable/satellite supplier Television licence Council Tax Other permitted payments Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Tenant protection Member of The Property Ombudsman, which is a redress scheme. You can find out more details on the agent s website or by contacting the agent directly.
Deposits are held in an insured scheme via the tenancy deposit scheme. Location - To locate the property, take Nottingham Road out of the town centre.
Turn left onto Welby Lane and continue to the top of the road and turn left onto Horsefield View.
Turn left onto Wellington Way and the property can be found approximately 50 yards down the road on your right hand side. Disclaimer - TENANT FEES Upfront Applicant and Referencing Fees - Nil.
Under the Tenant Fees Act 2019 before the tenancy starts the following are payable: - Deposit: 5 weeks rent (for annual rents up to £50,000).
Initial monthly rent During the tenancy the tenant(s) are responsible for the rent, all utilities, telephone and internet connections and their relevant subscriptions, television licence and Council Tax.
Under the new legislation, permitted payments will also include, but are not limited to, damage as outlined in the Tenancy Agreement, reasonable costs incurred due to loss of keys and security devices, reasonable costs incurred by breach of tenancy by the tenant(s), reasonable costs incurred by the landlord due to early termination of the tenancy as determined by the Tenant Fees Act 2019.
Property Redress REDRESS: Shouler & Son are a member of UK ALA (The UK Association of Letting Agents) which includes an independent redress scheme and client money protection.
For more information about UK ALA please see the following link: Client Money Protection We have client money protection. The name of our scheme is: UKALA (UK Association of Letting Agents).
We produce property particulars in good faith and believe them to be correct. We generally rely on what we are told without obtaining proof.
You should verify for yourself such information before entering into a contract to take this property.
Neither Shouler & Son nor their clients guarantee accuracy of the particulars, and they are not intended to form any part of a contract.
No person in the employment of Shouler & Son has authority to give any representation or warranty in respect of this property.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Wellington Way, Melton Mowbray
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