2-bedroom bungalow · LE13 1TZ
Sold STCListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An unmodernised two/three bedroomed detached bungalow on this sought after location towards the centre of Melton Mowbray.
Having central heating and double glazing, the accommodation comprises entrance into hallway, lounge, kitchen, dining room/bedroom 3, two further double bedrooms to the rear and a bathroom with a white suite.
There is a front driveway with wrought iron gated leading to a carport and single garage. The front and rear gardens are in need of cultivation.
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).
Entrance Hall Side access into the hallway with radiator. Lounge With two radiators, double glazed window to the front elevation and feature fireplace.
Kitchen With single drainer sink with double baxi boiler, cupboard under and drawer, double fronted storage cupboards with shelving, worktop to side with three drawers and triple cupboard under, wall cupboards and radiator.
Dining Room/Bedroom Three Having and airing cupboard, radiator, double glazed windows to front.
Bedroom One With a radiator and double glazed windows with double glazed windows to the gardens. Bedroom Two With radiator and double glazed window to the gardens.
Bathroom With a white suite comprising panelled bath, pedestal wash hand basin, low level WC and double glazed window to the side.
Outside The property is set back from Redwood Avenue with front lawned gardens, slabbed driveway with wrought iron gates leading to an open carport and garage with up and over door and side personal door to the garden.
The gardens have side access and are in need of general cultivation and improvement but offering good proportions with a greenhouse and patio area.
Services & Miscellaneous It is our understanding that the property is connected to mains gas, water, electricity and drainage.
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
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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 Redwood Avenue, Melton Mowbray, Leicestershire
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