3-bedroom detached house · LE13 1AH
Listing removedListed 135 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well presented three bedroom detached home situated on a popular estate on the north side of Melton close to the country park.
The property benefits from, gas-fired central heating system and uPVC double glazing and briefly comprises a large dining lounge, fitted kitchen, ground floor cloakroom/w.c., three double bedrooms, and a family bathroom.
Outside there is an integral single garage, enclosed rear garden with patio area, and off-road parking for one car.
The property is ideally situated near John Ferneley High School and also has good links to the Melton bypass offering quick road links to both Nottingham and Oakham.
*PROPERTY AVAILABLE SUBJECT TO CURRENT TENANT VACATING AT END OF AUGUST* Summary - ENTRANCE HALL with wood effect laminate flooring and door to integral garage. CLOAKROOM/W.C.
with a wash basin, w.c., radiator and laminate flooring. DINING LOUNGE (21 x 12 ft) with a gas fire and surround, sliding patio doors to the garden, a radiator, and laminate flooring.
KITCHEN (10 x 10ft) with a range of wall and base units, stainless steel sink and drainer unit as set in roll top laminate work surfaces, integral gas hob and electric oven, overhead extractor fan, tiled splashbacks, space for washing machine/dishwasher (plumbing point for a washing machine in the garage with direct access from entrance hall), space for fridge freezer, tiled flooring, and a radiator.
STAIRS TO FIRST FLOOR LANDING with door to airing cupboard housing the hot water tank, leading to:- DOUBLE BEDROOM (11 x 11 ft) with a radiator and an EN-SUITE with white suite comprising a w.c., pedestal wash basin, and shower cubicle with Mira mixer shower, tiled splashbacks and a radiator.
DOUBLE BEDROOM (12 x 10 ft) with a radiator. DOUBLE BEDROOM (9 x 9 ft) with a radiator.
BATHROOM with white suite comprising a w.c., pedestal wash basin, and panelled bath, vinyl flooring, tiled splashbacks and a radiator.
OUTSIDE Integral single garage with plumbing point for a washing machine. Lawned garden to rear with patio area and a shed.
Off-road parking for one car Important Tenacny Information - The Property Is UNFURNISHED to include carpets and some curtains only. Council Tax : Melton Borough Council : Band D.
Deposit : £1,442 Term : An assured periodic tenancy is offered. INTERNET : ADSL and Fibre broadband available. Services : Mains electricity, gas, water and drainage. EPC : E rating.
VIEWINGS : Strictly by appointment with Shouler & Son only. Holding Deposit : Equivalent of one weeks rent inc VAT. Restrictions: No business use. Flood/Erosion Risk: None to report.
Planning Permissions : None to report. Please see Accessibility: Stairs to first floor. Construction: Brick under tile roof.
Relevant letting fees and tenant protection information As well as paying the rent, you may also be required to make the following permitted payments.
Permitted payments Before the tenancy starts (payable to Shouler & Son Surveyors the Agent ) Holding Deposit: 1 weeks rent Deposit: A sum equivalent to 5 weeks rent During the tenancy (payable to the Agent) Payment of up to £50.00 if you want to change the tenancy agreement Payment of interest for the late payment of rent at a rate of 3% above the Lloyds Bank Base Interest Rate Payment of £50.00 for the reasonably incurred costs for the loss of keys/security devices Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy (two months rent if looking to vacate within the fixed term) During the tenancy (payable to the provider) if permitted and applicable Utilities gas, electricity, water Communications telephone and broadband Installation of cable/satellite Subscription to cable/satellite supplier Television licence Council Tax Other permitted payments Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Tenant protection Member of The Property Ombudsman, which is a redress scheme. You can find out more details on the agent s website or by contacting the agent directly.
Deposits are held in an insured scheme via the tenancy deposit scheme. Location - To locate the property, take Scalford Road out of the town centre.
Continue on this road and then turn right onto Wymondham Way. Take the third left onto Manners Drive and Mildmay Close is the first turning on your left.
No.17 is situated on the corner plot on your right hand side
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 MILDMAY CLOSE, MELTON MOWBRAY
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