3-bedroom house · LE15 7JN
Listing removedListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Open Day Sunday 26th July 2.30pm - 4pm Entering via the front door leads to the spacious entrance hall, where stairs flow to the first floor and doors grant access to the living room and downstairs shower room.
The large living room is located at the rear of the property and features exposed wood flooring and a double-glazed window to the rear aspect.
Leading through from the living room is the kitchen diner that is also positioned to the rear of the property.
The kitchen diner offers worktops with a square edge, cupboards at base and eye level + draws, tiling to the rear of the worktops, an inset stainless-steel sink and drainer + mixer tap, space for a cooker, wall-mounted combi boiler, double-glazed window to the rear aspect and doors to the storage cupboard and side lobby.
The side lobby offers ample storage space and a door to the side aspect.
Completing the downstairs accommodation, the shower room boasts a tiled shower area with a shower curtain, close-coupled W.C., wash hand basin, safety grab rails and a privacy window to the front aspect.
Upstairs, the property offers three double bedrooms and a W.C. Bedrooms One & Two are both located to the rear of the property with bedroom three being positioned to the rear.
Externally, the property sits on a large plot and offers a frontage that is laid to lawn with borders of plants and shrubs.
To the rear is an expansive rear garden that offers ample potential for the new owner to reimagine.
At the rear of the garden is a parking area used by residents; however, a driveway could be incorporated at the rear of the garden as it does have car access Entrance Hall (1.67m x 3.53m, 5'5" x 11'6") Living Room (3.83m x 4.06m, 12'6" x 13'3") Kitchen (1.65m x 3.08m, 5'4" x 10'1") Max measurement Shower Room (1.50m x 2.17m, 4'11" x 7'1") Side Lobby (1.25m x 3.07m, 4'1" x 10'0") Bedroom (3.84m x 3.42m, 12'7" x 11'2") Bedroom (2.79m x 2.35m, 9'1" x 7'8") Bedroom (2.85m x 2.42m, 9'4" x 7'11")
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
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FAQ
About 60, Melton Road, Oakham
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