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See how verdicts work2-bedroom terraced house · LE13 1FA
Sold STCListed 241 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Summary Description An exciting opportunity to acquire this well presented two bedroom property offered as part of the governments low cost housing scheme meaning you own 100% of the house at 70% of the market value (conditions apply, please see agent for further details) and which occupies a pleasant cul de sac position within this popular residential area on the north side of town.
Entrance Hall Entrance via a part glazed front door, wall mounted fuse box, door to the lounge dining room and a door to: WC A white suite to comprise: low flush WC and a pedestal wash hand basin with tiled splash backs and an extractor fan.
Lounge Dining Room 15'5" x 12'0" into staircase Glazed french doors to rear, staircase leading up to the first floor landing and a door to: Fitted Kitchen 8'9" x 5'2" 8'4" into recess An L-Shaped room with a window to front and a range of eye and base level units with roll top work surfaces and tiled splash backs.
There is a one and a half sink drainer unit, an integrated oven, grill and a gas hob with a stainless steel extractor fan hood, plumbing for a washing machine, extractor fan and space for a fridge freezer.
First Floor Landing Loft hatch providing access to an insulated loft area and there are doors to: Bedroom One 13'0" x 8'5" Window to rear and and there is a walk-in wardrobe which houses a wall mounted 'Ideal' boiler.
Bedroom Two 11'3" x 6'6" Window to rear.
Bathroom 8'0" x 5'2" Frosted window to front and a white suite to comprise: Low flush WC, pedestal wash hand basin and a panelled bath with a shower tap attached and screen above, tiled splash backs and and an extractor fan.
Front Drive for one car with courtesy lighting, a storm porch and there is shared side gated access leading round to the rear garden.
West Facing Rear Garden A well tended and low maintenance garden which has a decked area with shingled borders, courtesy lighting and steps leading up to an artificial lawn which has shingled borders and a side gate providing shared access round to the front of the property and the garden is mainly enclosed by panelled fencing.
Property Services The property benefits from mains electric, gas with Octopus, water and drainage with Severn Trent. Broadband - Standard and Superfast & Ultrafast -see Ofcom checker for more details.
Broadband currently connected with TalkTalk. Mobile-see Ofcom checker for more details.
Extra Information/Section 106 Annual Service Charge £172 (subject to yearly increase) payable to Wards Chartered Surveyors.
**Any potential buyers of this property need to have a local connection to the Borough of Melton this can be via residence, family or employment.
The property can not be a rental property and potential buyers also have to meet the wage cap eligibility. Please call our office to discuss further.
The other stipulation is that the property can only be sold at 70% of the open market value. There is a covenant as part of the deeds too.
Situation This property occupies a pleasant position within this modern development on the north side of town convenient for the John Ferneley College and the Country Park.
Directions Proceed out of town along the Scalford Road for approximately one mile, then turn right into Brockington Road, then follow the road round to the left and take the second left turn into Discovery Drive and then take the second left turn into Performance Way and the property is on the left.
Viewings Strictly by appointment through Mike Ford Estate Agents & Valuers Ltd. Telephone: .
Third Party Referral Arrangements Mike Ford Estate Agents & Valuers Ltd have established professional relationships with third-party suppliers for the provision of services to clients.
As remuneration for this professional relationship, the agent receives referral commission from 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 advisers 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 Performance Way, Melton Mowbray
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