2-bedroom terraced house · LE13 0PP
For saleListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally situated within Melton Mowbray town centre is a traditional terraced home offering spacious and freshly updated accommodation and also offered to the market with no chain.
The property comprises front lounge and a fitted kitchen with door connecting through to the garden.
Upstairs there is a central landing which leads to two well proportioned bedrooms and a naturally light bathroom.
The property has been redecorated throughout with new carpets and a new bathroom floor.
There is a surprisingly sizeable rear garden which is hard landscaped for ease of maintenance and the property also has uPVC double glazing throughout and gas central heating.
Early viewing of the property is strongly recommended.
Location Melton Mowbray is a thriving market town offering excellent local shopping and schooling facilities with the added benefit of being within easy commuting distance of the centres of Leicester, Nottingham, Loughborough, Grantham, Oakham and Stamford.
Superb private schooling is available at nearby Oakham in addition to Ratcliffe College and Leicester Grammar School.
The town is situated on the Leicester/Peterborough/Stansted railway with an excellent intercity service to London available from both Grantham and Leicester (approximately 1 hour).
Lounge Accessed via a uPVC door into a front lounge with tall uPVC window to the front, high quality wood laminate flooring, boarded over fireplace and built-in cupboard which houses the meters.
Door to: Fitted Kitchen Fitted with a range of wall and base units with laminate worktops and stainless steel sink.
There is an integrated cooker and space for a freestanding fridge/freezer and washing machine.
uPVC window overlooking the rear garden and door leading to the outside, stairs to the first floor landing having a useful understairs storage cupboard, tiled flooring and tied splashbacks to the walls.
First Floor Landing With a newly laid carpet and doors to: Bedroom One A light filled sizeable double bedroom with uPVC window to the front and original cast iron painted fireplace.
Bedroom Two Ideal as a single room or hom office with uPVC window to the rear and gas central heating boiler.
Bathroom Fitted with a three piece white suite with tiling to the walls and new vinyl flooring.
There is a shower over the bath, wash hand basin and toilet and built-in airing cupboard providing storage and wide glazed window to the rear.
Outside to the Rear The property has a generous rear garden which is hard landscaped for ease of maintenance with fencing to the boundaries and the garden consists of gravelled areas, shared access along a side passage.
Services & Miscellaneous The property is connected to mains gas, water, electricity and drainage. There is a right of way for the neighbour to cross over the garden to the side passage.
The property is offered to the market with no chain.
There is no parking with the property but ample parking within close proximity of the property with annual permits available from the council on a monthly, 6 monthly or annual basis for up to three cars.
The annual cost presently is £540.
Further details are available at check Internet and Mobile Availability please use the following link: checker.ofcom.org.uk/en-gb/broadband-coverage To check Flood Risk please use the following link: check-long-term-flood-risk.service.gov.uk/postcode
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
Agent & docs
FAQ
About Leicester Street, Melton Mowbray, Leicestershire
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