2-bedroom bungalow · LE13 0SY
Sold STCListed 173 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 two bedroom detached bungalow which occupies a pleasant cul de sac position on the edge of this popular residential development on the north side of town on the north side of town.
Entrance Hall Entrance via a part glazed front door, there is a built-in cloaks cupboard which has a radiator and fuses, from the entrance hall there is a door to: Lounge Dining Room 17'4" x 12'4" narrowing to 9'7" A Window to front, door to the inner hall and a door to: Kitchen 9'0" x 7'9" Window to side and a range of eye and base level units with roll top work surfaces and tiled splash backs.
There is a sink drainer unit, gas cooker point, plumbing for a washing machine and space for a fridge freezer.
Inner Hall Part glazed door to side and there are doors to: Bedroom One 12'8" into wardrobe x 8'7" A double bedroom with a window to rear and a range of fitted wardrobes along one wall.
Bedroom Two 10'0" into wardrobes x 7'0" Window to rear and a range of fitted wardrobes along one wall.
Bathroom 6'8" x 6'4" Frosted window to side and a white suite to comprise: Low flush WC, pedestal wash hand basin and a panelled bath with an independent shower above, tiled splash backs, extractor fan and shaver points.
Front Storm porch with a storage/meter cupboard, courtesy lighting, drive with gated access to the rear garden and there is a strip of grass to the front of the property (owned by the NCHA management company) Rear Garden Well tended and mainly laid to lawn with flowers, shrubs, hedging and shingled boarders, there is a patio area with courtesy lighting, an outside tap, space for two sheds, gated access onto the drive and to the bottom of the garden is a gate providing access to a dyke which is partly enclosed by a picket fence and the garden is all mainly enclosed by panelled fencing.
Situation This property occupies a pleasant cul de sac position within this sought after residential development on the north side of town, convenient for the excellent John Ferneley College, St Mary's Primary School and major road links to include the Nottingham Road (A606).
Directions Proceed out of town along the Nottingham Road (A606) for approximately 2 miles then turn left into St Bartholomew's Way and proceed for approx 1/4 mile.
Take the second left into Horseguard's Way, proceed for approximately 1/4 mile, then turn left into Lancers Drive and the property is approx 100 yards on the left.
Property Services The property benefits from mains electric, gas with E-On. Water and drainage with Severn Trent. Broadband - Standard and Superfast & Ultrafast -see Ofcom checker for more details.
Telephone is currently connected with BT. No broadband connected. Mobile-see Ofcom checker for more details. P/N: Probate property. Grant of Probate now received.
Ground Maintenance Fee There is a monthly ground maintenance fee of £9.95 with the NCHA. Viewings Strictly by appointment through Mike Ford Estate Agents & Valuers Ltd. Telephone: .
Third Party Referral Arrangements Third Party Referral Arrangements - Mike Ford Estate Agents & Valuers have established professional relationships with third-party suppliers for the provision of services to Clients.
As renumeration for this professional relationship, the agent receives referral commission from the third-party companies.
Details are available upon request at Disclaimer Although Mike Ford Estate Agents & Valuers Ltd believe these details to be fair and accurate description of the property their accuracy cannot be guaranteed and they do not form part of any contract.
Prospective buyers should satisfy themselves as to the property's suitability and make their own enquires before making any financial commitment.
Only the fixtures and fittings described in these details are included in the selling price.
Mike Ford Estate Agents & Valuers Ltd has not checked they are fit for purpose and we have not tested any of the services (gas, electricity, water, drains and so on) mentioned.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Lancers Drive, Melton Mowbray
Explore nearby