4-bedroom detached house · LE14 2UR
Opportunity summary
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About
The property offers an individually styled, four bedroomed detached character cottage with gardens and grounds extending to 3.22 acres including gardens and grassland.
The property was originally two cottages and made into one main house with central heating and double glazing.
The property comprises two main front doors into kitchen, there is a sitting room and lounge, boiler and pantry store and general recessed storage, rear lobby and downstairs WC.
On the first floor, two staircases rise to a landing with four bedrooms, bathroom and shower room.
Outside the property has a shared access from Melton Road with gated access into the main driveway and surrounding gardens to both the front, side and rear with adjoining grassland, the total extending to 3.22 acres.
The property offers a unique opportunity to acquire a detached four bedroomed residence with land offering a variety of general uses for grazing paddock etc and is available with immediate vacant possession.
It should be noted that the property is in need of some modernisation and upgrading which is reflected in the price guide.
Location Burton Lazars is situated just off the A606 to the south of Melton Mowbray.
As the village is situated off the main road, it offers a leafy and peaceful setting with village church and convenient for extensive local shopping and schooling facilities in Melton Mowbray and Oakham and well situated for access to Leicester, Nottingham and Grantham.
Kitchen With a range of base cupboards and drawers, wall cupboards over, two leaded light glass display cabinets, one and a half sink and drainer, worktops, two radiators, two sets of stairs rising to the first floor and two uPVC doors to the front with two uPVC windows.
Sitting Room Having a uPVC double glazed window, brick feature fireplace with brick open fire.
Rear Lobby With back door to the garden and recessed pantry store housing the gas fired boiler with built-in shelving.
Lounge With feature fireplace, uPVC double glazed windows to the rear. Downstairs WC With low level WC and wash hand basin.
First Floor Landing First staircase leading to: Bedroom One Having a uPVC double glazed window to front.
Bedroom Two With radiator, uPVC double glazed window and double fronted wardrobe with cupboard over.
Bathroom Having a panelled bath with shower over, pedestal wash hand basin, low level WC, radiator, uPVC double glazed windows to the side, double fronted original storage cupboards with pine slat storage.
First Floor Landing Second stairs leading to: Bedroom Three Having a uPVC double glazed window, radiator and recessed storage cupboard with obscure glass window to the side.
Bedroom Four With uPVC double glazed window to the rear, double fronted wardrobe with built-in shelving and storage cupboard over, Shower Room With shower, pedestal wash hand basin and low level WC, radiator, double fronted original storage cupboard with pine slat storage, obscure uPVC double glazed window to the side, Outside The property is accessed via a shared driveway to fields and gated access to the front with gravelled driveway with numerous car standing, open front, side and rear gardens and adjoining grassland extending to 3.22 acres for the total plot included in the sale price with hedgerow boundaries and fencing.
Services & Miscellaneous There is a septic tank, mains gas, water and electricity.
Agents Note A development uplift clause is applicable on the land at a rate of 30% of the uplift in value of any development or renewable energy project over that of agricultural or equestrian use, payable on the implementation of each and every planning permission(s) or sale of the land subject to planning permission(s) for period of 30 years.
There is a public footpath through part of the land. The land is currently grazed under an annual grazing licence, but vacant possession will be provided upon completion.
The correct western boundary of the property has been marked with blue spray and white-topped posts. A fencing quotation is available from the sellers agent by request.
Extra Information 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 Important Notice It should be noted that adjoining land has the potential to be used for residential development in the future.
Prospective purchasers are advised to satisfy themselves as to the current and proposed planning position by making independent enquiries with the local planning authority.
Value & comps
No previous sales on record.
Returns
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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 Melton Road, Burton Lazars, Melton Mowbray
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