3-bedroom terraced house · LE13 0TA
Sold STCListed 257 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Summary Description A mature three bedroom property which has a south facing rear garden and a gated drive to rear and which is situated within an established area on the north side of town and is offered with no upward chain.
Entrance Hall Entrance via a part glazed front door with a staircase leading up to the first floor landing and a door to: Lounge 12'8" x 12'0" Window to front, under stairs cupboard and there is an electric flame and coal effect fireplace and a door to: Kitchen Dining Room 16'3" x 10'5" Two windows and a part glazed door to rear and there is a range of eye and base level units with roll top work surfaces and tiled splash backs.
There is a sink drainer unit, plumbing for a washing machine and a dish washer, space for a fridge freezer, electric cooker point and a wall mounted 'Ideal' boiler.
First Floor Landing Loft hatch providing access to an insulated loft area, doors to: Bedroom One 10'7" x 10'3" narrowing to 8'9" Window to front.
Bedroom Two 12'7" x 8'0" Window to rear and a built-in airing cupboard which houses the hot water cylinder. Bedroom Three 9'6" x 8'0" Window to rear.
Bathroom 7'0" narrowing to 5'7" x 6'0" Frosted window to front and a three piece suite to comprise: Low flush WC, pedestal wash hand basin and a panelled bath and splash back walls.
Front Entrance via a gate and enclosed by a picket fence, the garden is mainly laid to lawn with a storm porch.
South Westerly Rear Garden Mainly laid to lawn with borders, a patio area with courtesy lighting, two sheds and there is a part tarmac and block paved drive with double gated vehicle access of which one gate provides a right of way for the next door neighbours.
Situation This property occupies a pleasant position within this popular residential area which is well placed for easy access to the town centre as well as the local convenience store, Sainsbury's Supermarket, regular bus service and major road links.
Directions Proceed out of town along Nottingham Road (A606) for approximately half a mile, then turn left into Welby lane and the property is approximately quarter of a mile on the left.
Property Services The property benefits from mains electric, gas with Eon, Water and drainage with Severn Trent Broadband - Standard and Superfast & Ultrafast -see Ofcom checker for more details.
Broadband currently connected with Talk Talk. Broadband speed 38 Mbps. 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
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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 Welby Lane, Melton Mowbray
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