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See how verdicts work3-bedroom terraced house · LE13 0PS
Sold STCListed 210 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 well presented three bedroom end terrace property which occupies a delightful tucked away position on the edge of this popular residential development on the north side of town and is offered to market as the affordable homes scheme which means you own 100% of the property at 80% of the value, subject to meeting the scheme requirements, please call our office for further information.
Entrance Hall Entrance via a part glazed front door, staircase leading up to the first floor landing, tiled floor and a door to: Lounge 14'8" narrowing to 13'4" 16'2" into bay x 12'0" narrowing to 10'5" A lovely room with a walk-in bay window to front, under stairs cupboard and a door to: Inner Hall Door to the kitchen dining room, ceiling down light, tiled floor and a door to: WC A white suite to comprise: low flush WC and a wash hand basin with tiled splash backs, tiled floor, ceiling down lights and an extractor fan.
Fitted Kitchen Dining Room 15'2" x 11'0" A lovely open plan room which has glazed French doors with two windows to rear, ceiling down lights and a range of eye and base level units with roll top work surfaces and tiled splash backs.
There is a one and a half sink drainer unit, integrated oven, grill and a gas hob with a pull down extractor fan hood, integrated microwave, plumbing for a washing machine, space for a fridge freezer and a wall mounted and concealed 'Ideal' boiler and a tiled floor.
First Floor Landing Built-in cupboard and a loft hatch providing access to an insulated loft area, doors to: Bedroom One 10'8" x 8'9" Window to rear and a door way to a walk-in wardrobe with down lights.
Bedroom Two 10'4" x 7'9" Window to front. Bedroom Three 7'0" x 6'7" 8'9" into recess Window to front.
Bath/Shower Room 8'4" narrowing to 5'6" x 9'3" Frosted window to side, ceiling down lights and a four piece suite to comprise: Low flush WC, pedestal wash hand basin, panelled bath with a shower hose and there is a double shower cubicle, tiled splash backs, tiled floor and an extractor fan.
Front Well tended hedging with a storm porch with courtesy lighting and there is side gated access to: South Westerly Rear Garden A well tended garden with a raised patio area with shingled borders, courtesy lighting, outside tap and mainly enclosed by panelled fencing.
Situation This property occupies a pleasant tucked away position within this modern development on the north side of town, convenient for The St Mary's Primary School, John Ferneley College and there is a regular bus service and major road links to include the A606.
Directions Proceed out of town along the Nottingham Road (A606) for approximately one mile, then turn right into Shakespeare Gardens and proceed for approximately 200 yards and then turn left onto Austin Drive and the property is approximately 100 yards on the left.
Section 106 Agreement/Estate Annual Service Charge Annual Service Charge £350.00 by vendors (subject to yearly increase) payable to Meadfleet Limited.
**Any potential buyers of this property need to have a local connection to the Borough of Melton this can be via residence, family or employment.
The property can not be a rental property and potential buyers also have to meet the wage cap eligibility. Please call our office to discuss further.
The other stipulation is that the property can only be sold at 80% of the open market value.
Property Services The property benefits from mains electric, gas with Utility Warehouse, water and drainage with Severn Trent.
Broadband - Standard and Superfast & Ultrafast -see Ofcom checker for more details. Broadband & Telephone currently connected with Sky. Mobile-see Ofcom checker for more details.
Viewings Strictly by appointment through Mike Ford Estate Agents & Valuers Ltd. Telephone: .
Third Party Referral Arrangements 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Austen Drive, Melton Mowbray
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