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See how verdicts work3-bedroom terraced house · LE13 0UN
Sold STCReduced £10k (−6.3%) on 25 OctListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very special bay fronted mid terrace villa situated in the heart of the town centre a stone’s throw from numerous amenities.
The property is believed to have formerly been part of Egerton Lodge staff quarters. Egerton Lodge was used as a base for hunting and socialising for the Wilton family during 18th century.
The property is well presented throughout and offered with no upward chain.
The deceptive accommodation offers many character features and comprises in brief entrance hall, lounge with feature fireplace, open-plan dining kitchen, first floor landing giving way to three good sized bedrooms and bathroom.
There is a palisaded garden to the front and an enclosed low maintenance rear garden. There is on street parking to the front and first-come-first-served basis.
The property benefits from gas central heating and uPVC double glazing and has previously been successfully let for a number of years making it a potential buy to let property or alternatively as a first time purchase or property to downsize.
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 With decorative uPVC double glazed front door with window panel above, original ceiling coving, coat hooks and useful understairs storage cupboard.
Lounge An impressive living room with fabulous original feature coving, bay window to the front elevation and feature gas real flame effect fireplace with tiled surround and hearth.
There is also a cupboard housing the utility meters fitted within the alcove.
Dining Kitchen A well proportioned open-plan dining kitchen with a range of contemporary storage units comprising drawers and cupboards with built-in electric oven and hob, stainless steel sink unit and drainer, space for washing machine.
There is also an original wall mounted built-in cupboard which houses the Glow-worm gas central heating boiler. To the rear of the kitchen is a window and uPVC double glazed door.
There is a staircase rising to: First Floor Landing With access to all bedrooms.
Bedroom One A substantial double bedroom with bay window to the front elevation and fitted alcove wardrobe. There is ample space for double bed and bedroom furniture.
Bedroom Two A spacious bedroom with fitted wardrobe and window to the rear. Bedroom Three A spacious bedroom in a long shape with window to the front elevation.
Bathroom Fitted with a white three piece suite comprising low level WC, wash hand basin, panelled bath with wall mounted Mira Sport electric shower, window to the rear and extractor fan.
Outside The property is situated upon Wilton Terrace which is a cul-de-sac tucked away from High Street in the town centre.
There is a palisaded front garden, a shared side access passage with a neighbouring property giving way to the rear garden which is mainly paved for low maintenance.
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
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 Wilton Terrace, Melton Mowbray, Leicestershire
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