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See how verdicts work2-bedroom bungalow · LE13 0SY
Sold STCListed 186 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 which occupies a pleasant cul de sac position within this popular residential area on the north side of town and is offered with no upward chain.
Entrance Hall Entrance via a part glazed front door, there is a built-in cloak cupboard, a loft hatch providing access to an insulated loft area and there are doors to: Fitted Kitchen Breakfast Room 11'8" x 8'2" A dual aspect room which has a window to front, a window to side, ceiling down lights 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 integrated oven, grill and a gas hob with a stainless steel extractor fan hood, plumbing for a washing machine, space for a fridge freezer and a wall mounted 'Ideal' boiler.
Lounge 17'6" into bay x 10'4" A lovely room with a walk-in bay window to front and an electric coal effect fire with a mantel and hearth.
Bedroom One 14'7" into wardrobes x 8'9" A double bedroom with a window to rear and a range of fitted wardrobes along one wall.
Bedroom Two 9'7" 7'0" 9'3" into door recess Previously used as a dining room, this room has glazed french doors which lead out to the rear garden.
Shower Room 6'7" x 5'7" Frosted window to side and there is a three piece suite to comprise: Low flush WC, pedestal wash hand basin and a walk-in double shower cubicle, tiled splash backs, shaver points and an extractor fan.
Front A well tended lawn with shingled boarders, an outside tap, a drive and a storm porch which has courtesy lighting and side gated access to: Rear Garden A well tended garden which is mainly laid to lawn with flowers and shrub borders, an established tree and a dike to the rear of the garden which is enclosed by both panelled fencing and a picket fence with gated access, there is a patio area with a wooden shed and side gated access and the garden is mainly enclosed by panelled fencing.
Situation This property occupies a pleasant cul de sac position within this sought after residential development on the north side of town, convenient for the excellent John Ferneley College, St Mary's Primary School and major road links to include the Nottingham Road (A606).
Directions Proceed out of town along the Nottingham Road (A606) for approximately 2 miles then turn left into St Bartholomew's Way and proceed for approximately 1/4 mile.
Take the second left into Horseguard's Way, proceed for approximately 1/4 mile, then turn left into Lancers Drive and the property is approximately 100 yards on the left.
Property Services The property benefits from mains electric with E-On, gas with British Gas, water and drainage with Severn Trent.
Broadband - Standard and Superfast & Ultrafast -see Ofcom checker for more details. Broadband not connected. Telephone currently disconnected (BT). 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 Lancers Drive, Melton Mowbray
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