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Tennyson Way, Melton Mowbray

East Midlands

£220,000
Listed on 07/06/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
979 sqft

Description

This three-bedroom semi-detached house presents a valuable opportunity for renovation and investment in a location that offers both convenience and accessibility. Situated on the northern side of Melton Mowbray, the property is within walking distance to local amenities, John Ferneley College, and is also close to the expansive Melton Country Park, making it an appealing option for families and those who appreciate outdoor spaces. The layout of the home includes an entrance hall that leads to distinct living areas, featuring a lounge equipped with a charming half bay window and a dining room that connects directly to a conservatory—ideal for potential expansion or reconfiguration. The kitchen, while functional, is in need of modernization and provides an excellent canvas for upgrades, boasting ample space for cabinetry and appliances alongside a walk-in pantry. Upstairs, the property comprises three bedrooms that vary in size but all offer natural light through their windows. The family bathroom is equipped with essential fixtures but could benefit from contemporary updates. Outside, this home is notable for its generous off-road parking capabilities with a block-paved driveway that can accommodate multiple vehicles. Additional features include a carport leading to a garage equipped with power and lighting. The rear garden presents scope for landscaping or further development; featuring established borders, a greenhouse, and potential areas for outdoor entertaining. This property not only allows for immediate living but also holds significant investment potential through renovations that could enhance its value. With no upward chain involved, this home represents an enticing prospect for buyers looking to make their mark in Melton Mowbray.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -13.6% below area average per sq ft

-13.6%
Potential saving
This Property
£225/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£199
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£280,156
10% above area average per sq ft
Potential ROI
+14.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE13)

Area prices are falling by +2.6% over the last 12 months
3 year growth: 0.0%
5 year growth: 22.5%
Investment Disclaimer: Analysis based on LE13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Tennyson Way, Melton Mowbray
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£806
Based on a loan of £165,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE