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See how verdicts work2-bedroom terraced house · LE13 0NZ
For saleListed 419 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within a tucked away cul-de-sac position, this two bedroomed town house property is offered to the market on a 25% Shared Ownership basis with East Midlands Housing Association.
The accommodation benefits from uPVC double glazing, gas central heating and comprises spacious living room, internal hallway with WC and storage cupboard, dining kitchen with French doors to the garden and first floor giving way to two double bedrooms and a bathroom.
Outside the property has an enclosed rear garden and two allocated off road parking spaces within a communal car parking area.
The property is situated within excellent walking distance to numerous schools, shops and amenities and also the town centre.
An early inspection is highly recommended as shared ownership properties of this type are usually sold very quickly.
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 A generous open-plan lounge with window and door to the front, feature electric fireplace and surround, ample space for living room furniture, door giving way to the rear hallway.
Rear Hallway With staircase rising to the first floor landing, useful storage cupboard and also access to: Ground Floor WC With a two piece white suite comprising low level push button flush WC, pedestal wash hand basin, tiled flooring and extractor fan.
Dining Kitchen With a good range of contemporary wall and base units finished in a wood laminate frontage with contrasting black granite effect roll edge laminate worktops, tiled splashbacks and sink with mixer tap above, window to the rear elevation, French doors to the rear leading out into the garden, space for larder fridge freezer and washing machine, built-in electric double oven, gas hob, stainless steel splashback and extractor hood above, cupboard housing the wall mounted Potterton Promax combi gas central heating boiler.
First Floor Landing With loft access, storage cupboard and access to all rooms.
Bedroom One A spacious double bedroom with window to the rear elevation, ample space for double bed and bedroom furniture.
Bathroom With a three piece white suite comprising low level push button flush WC, pedestal wash hand basin and panelled bath with wall mounted mixer shower, refitted spotlights and extractor fan.
Bedroom Two A spacious double bedroom with window to the front elevation.
Outside The property has an enclosed garden to the rear which is mainly laid to AstroTurf style covering, paved patio and pathway leading to a timber gate at the rear which provides access to a rear alleyway for bin access/car park access.
The property also has two allocated off road parking spaces.
Agents Note The property is being sold as a Leasehold property with the remainder of lease length being approximately 111 years with East Midlands Housing Association.
The current rent is £332.39 per month for the 75% share. There is a service charge which is£24.26 per month.
All details should be checked and verified by your conveyancing solicitor before agreeing to purchase.
Prospective purchasers will need to be approved for purchase by EMH subject to suitability criteria.
Services and Miscellaneous The vendor has advised that the property is connected with mains gas, electricity, water and drainage and is being sold Leasehold with a 75% share of the ownership with EMH Association.
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
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FAQ
About Rossiter Close, Melton Mowbray, Leicestershire
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