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Cranmere Road, Melton Mowbray, LE13 - Image 1
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Cranmere Road, Melton Mowbray, LE13 - Image 5

Cranmere Road, Melton Mowbray, LE13

East Midlands

£219,950
Listed on 25/09/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
862 sqft

Description

This semi-detached bungalow features two spacious double bedrooms and is located on the desirable North Side of Melton Mowbray. The property includes a cozy lounge and a functional kitchen, making it suitable for both comfortable living and entertaining. One of the standout aspects of this home is its generous loft space, which presents an exciting opportunity for conversion, subject to obtaining the necessary planning permissions. This feature alone could significantly enhance the property's value and provide additional living space. The exterior offers a low-maintenance rear garden, perfect for those who prefer minimal upkeep while enjoying outdoor space. Additionally, off-road parking adds convenience for residents and visitors alike. Situated in a well-regarded area, this bungalow is not only ideal as a cozy residence but also holds strong investment potential, especially given the renovation possibilities it offers. With gas central heating and UPVC double glazing already in place, essential updates have been addressed, allowing you to focus on personalizing your new home or exploring expansion options.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -3.5% below area average per sq ft

-3.5%
Potential saving
This Property
£255/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£190
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£21,995 - £54,988
10-25% of property value
Target Value
£250,799
10% above area average per sq ft
Potential ROI
-8.8%
After renovation
Monthly Sales
29
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (LE13)

Area prices are falling by +4.5% over the last 12 months
3 year growth: -0.7%
5 year growth: 20.5%
Investment Disclaimer: Analysis based on LE13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Cranmere Road, Melton Mowbray, LE13
Map showing location of Cranmere Road, Melton Mowbray, LE13
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