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Melton Road, Burton Lazars, Melton Mowbray

East Midlands

£400,000
Listed on 29/08/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This detached four-bedroom cottage, originally two separate residences, boasts a unique character and offers extensive renovation opportunities. With a total land area of 3.22 acres, the property features spacious gardens and adjoining grassland, ideal for various uses such as grazing or personal outdoor projects. Inside, the layout includes two main entrances leading into a kitchen area, alongside both a sitting room and a lounge that provide ample living space. Additional practical features comprise a boiler room, pantry storage, and a downstairs WC. The first floor presents two staircases accessing a central landing that connects to four bedrooms, complemented by both a bathroom and a shower room. Positioned with shared access from Melton Road, the property benefits from gated entry into its main driveway and surrounding gardens, enhancing privacy while maintaining accessibility. While the home has central heating and double glazing installed, it is recognized that some modernization and upgrades are required — presenting an excellent investment potential for those looking to add value over time. The property is available with immediate vacant possession, making it an attractive option for investors or families seeking to create their ideal dwelling in a tranquil setting.

Investment Analysis

(LE14 area)
Area Average
£288/sq ft
Avg Rent (weekly)
£237
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE14)

Area prices are rising by +8.9% over the last 12 months
3 year growth: 2.1%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on LE14 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

Melton Road, Burton Lazars, 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
£1,465
Based on a loan of £300,000 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