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See how verdicts work2-bedroom semi-detached house · LE13 1TF
Listing removedListed 278 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Summary Description An excellent opportunity to acquire this well presented two bedroom semi detached bungalow which occupies an excellent position within this well established and sought after residential area convenient for the town centre and is offered with no upward chain.
Entrance Hall Built-in meter and fuse cupboard and there is a loft hatch with a pull down ladder providing access to a part boarded and insulated loft area, access to: Kitchen 8'7" x 8'5" Window to front and a range of eye and base level units with a breakfast bar, roll top work surfaces and tiled splash backs and sink drainer unit.
There is a Neff slide and hide oven with grill and Neff induction hob, there is a Bosch washing machine, a Blomberg fridge freezer and a Russell Hobbs microwave included in the sale.
Lounge Dining Room 16'6" x 10'8" Bow window to front and a wall mounted log and flame effect electric fire.
Bedroom One 11'0" x 10'8" Window to rear and mirror fronted wardrobe and drawer units and a wall mounted television included in the sale.
Bedroom Two 8'7" x 7'8" A dual aspect room with a window to side and a glazed door with a side window to rear.
Shower/Wet Room 6'6" x 6'0" Frosted window to side and a three piece suite to comprise: Low flush WC, wash hand basin and a soak away shower, fully tiled walls and an extractor fan.
Front Drive for three cars with flowers, shrubs and shingled borders. There is a storm porch with a courtesy lighting, car port with double gates and an outside tap.
Rear Garden A well tended and low maintenance garden which is mainly paved with raised flowers shrub borders.
There is a generous sized wooden shed which measures approximately 15.0 x 9'0" having double doors to front, windows and double doors to side and power and light connected, there is side gated access and the garden is mainly enclosed by panelled fencing.
Situation This property occupies a pleasant position within a popular residential area convenient for the town centre, John Ferneley College, a number of primary schools and the Country Park.
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 not currently connected. Mobile-see Ofcom checker for more details.
Directions Proceed out of town along Scalford Road for approximately 1/4 mile, then turn right into Elgin Drive and the property is approximately 100 yards on the left.
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 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:
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 Elgin Drive, Melton Mowbray
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