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See how verdicts work3-bedroom detached house · LE13 0QY
For saleListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A traditional double fronted, three double bedroomed detached residence lying in this highly sought after location.
The property has gas central heating and double glazing and currently comprises entrance into entrance hallway, lounge, dining room, kitchen and utility room.
On the first floor the landing has an additional study area, three double bedrooms and bathroom with shower.
Outside is a gravelled driveway with car standing for up to six vehicles and gated access to the rear.
We understand from the vendors that there is the possibly of further extension of the existing accommodation which could accommodate further annex accommodation and would be permitted under Permitted Rights Development.
The property is currently tenanted on an Assured Shorthold Tenancy Agreement with notice period to the given.
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).
Open Front Porch Leading into: Entrance Hall With stairs rising to the first floor, radiator, understairs storage cupboard with light and cloaks hanging facility.
Lounge With uPVC double glazed bay window to front, radiator, picture rail, radiator and feature surround original fireplace with inset open fire.
Dining Room Having uPVC double glazed bay window to front elevation, original feature fireplace, radiator and picture rail.
Kitchen Having a range of base cupboards and drawers, wall units over, single sink and drainer unit, worktop, space for oven, extractor hood, space for fridge, uPVC double glazed window to rear and back door leading to the garden.
Utility Room With plumbing for washing machine, Worcester boiler and space for fridge/freezer.
First Floor Landing With banister and spindles, study area, radiator, uPVC double glazed windows to the front.
Bedroom One With uPVC double glazed bay window to front, tiled original fireplace, two radiators, Bedroom Two With uPVC double glazed bay window to front, tiled original fireplace and picture rail.
Bedroom Three Having a uPVC double glazed window to rear and radiator.
Bathroom With a white suite comprising panelled bath with shower and screen over, vanity wash hand basin with double cupboard under, low level WC, double fronted storage cupboard with built-in shelving, radiator and uPVC double glazed windows to the rear.
Outside The property is well set back from the road with gravel driveway affording car standing for six vehicles.
Gated access then leads to the rear gardens which are a particular feature of the property having shaped lawns, split level decking areas, two brick built stores and access to a WC.
Agents Note There is also an exciting opportunity to create a separate building plot within the rear garden, with potential access via Hamilton Place.
If a buyer wishes to explore this, the vendor will consider granting access rights for an additional £50,000. The land will be marked out by the vendor.
Any future development would be subject to planning permission, which would be the responsibility of the buyer.
Services & Miscellaneous It is our understanding that the property is connected to mains gas, water, electricity and drainage.
To 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
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 Hamilton Drive, Melton Mowbray, Leicestershire
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