2-bedroom bungalow · LE13 1TG
Listing removedListed 120 days · slow let
Opportunity summary
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About
**Deposit Alternative Available** We are pleased to present this spacious two bedroom semi-detached bungalow in a highly sought after location.
Accommodation briefly comprises kitchen, living room, two double bedrooms and a bathroom. There is ample off-road parking, single garage with electric door and a low maintenance rear garden.
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 Hallway With carpet to flooring, ceiling light pendant and door to: Kitchen With a range of matching wall and base units, integrated oven with electric hob and extractor fan over, space for washing machine, space for dishwasher, integrated fridge, stainless steel sink and drainer with mixer tap over, uPVC double glazed window to the front aspect, tiled flooring, part tiling to the walls and ceiling light point.
Living Room With a uPVC double glazed window to the front aspect, carpet to flooring, gas fire, radiator and ceiling light pendant.
Bedroom One With a uPVC double glazed window to the rear aspect, carpet to flooring, built-in wardrobe, radiator and ceiling light pendant.
Bedroom Two With uPVC double glazed French doors leading out to the rear garden, carpet to flooring, radiator and ceiling light pendant.
Bathroom Fitted with a three piece white suite comprising low level WC, vanity wash hand basin with mixer tap and corner shower cubicle with tiled flooring, tiled walls, uPVC double glazed window to the side aspect and ceiling light pendant.
Outside A low maintenance rear garden with surrounding bushes and shrubs with access into single garage. There is a driveway offering ample off-street parking.
Garage A single garage via a single pedestrian door and electric up and over door to the front with power and light.
Parking Off Street Parking Council Tax Band B EPC Rating D **Deposit Alternative 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 For broadband and mobile coverage using postcode.
Holding Deposit (per tenancy) - £213.46 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)
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 Elgin Drive, Melton Mowbray, Leicestershire
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