2-bedroom terraced house · LE13 1PX
Listing removedListed 81 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Alternative Deposit Scheme Available** We are pleased to offer this well-presented terrace located in a well established residential area close to Brownlow Primary School and Melton Mowbray town centre.
The accommodation briefly comprises living room, dining room, kitchen, utility, two double bedrooms and family bathroom. Outside, there is an enclosed lawned garden to the rear.
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).
Living Room Accessed via front door with radiator and double glazed window. Dining Room With radiator, double glazed window and understairs cupboard.
Kitchen With a range of base and wall units, inset sink unit, inset stainless steel hob and oven below, extractor unit and boiler cupboard.
Utility Room With workspace, kitchen unit and space for washing machine. Bedroom One With radiator, double glazed window and decorative fireplace.
Bedroom Two With radiator and double glazed window, built-in wardrobe and decorative fireplace.
Bathroom Having a bath with electric shower over, pedestal wash hand basin, low level WC and obscure double glazed window. Outside Enclosed rear lawned gardens.
Parking There is no allocated parking, however off-street parking is available on a first-come-first-serve basis.
Alternative Deposit Scheme Available For details please visit reposit.co.uk or ask agent for more information. Subject to full references being completed and meeting requirements.
Utilities Mains Gas Mains Electric Mains Water EPC Rating D Council Tax Band A For broadband and mobile coverage using postcode. Holding Deposit (per tenancy) - £183.46 One week’s rent.
This is to reserve a property.
Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing) Notice Periods Please note that if you are currently renting a property, the legislation around serving notices has changed following the introduction of the Renters' Right Act 2025.
The notice must give at least two months’ notice, and should expire no less than two months after service and must end on the last day of a rent period.
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
We're still gathering serviced-accommodation data for this area.
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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 Algernon Road, Melton Mowbray, Leicestershire
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