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Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 1
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Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 4
Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 5
Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 6
Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 7
Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 8
Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 9
Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 10
Melton Road, Hickling Pastures, Melton Mowbray, LE14 - Image 11

Melton Road, Hickling Pastures, Melton Mowbray, LE14

East Midlands

£895,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1722 sqft

Description

This four-bedroom detached family home, set on approximately five acres, presents a unique opportunity for those looking to invest in a property with significant renovation and development potential. With a desirable south-westerly orientation, the grounds offer expansive views and ample privacy, making it an inviting space for both relaxation and creativity. Entering the home, you are greeted by a spacious entrance hall that features stylish tiling and access to various ground floor rooms, including a practical utility space and a guest WC. The heart of the home is undoubtedly the modern kitchen/diner at the rear. This well-appointed area boasts sleek white cabinetry, generous countertop space with an island for additional functionality, and integrated appliances. The kitchen flows into a rear extension designed as a dining area, which offers panoramic garden views and adds to the property's overall appeal. The principal sitting room is another highlight of this residence, characterized by its triple-aspect windows that fill the room with natural light. The bay window at the front enhances its welcoming atmosphere, while bi-fold doors lead seamlessly to outdoor spaces—perfect for enjoying indoor-outdoor living. Upstairs, the first-floor landing connects four well-proportioned bedrooms along with a contemporary family bathroom. The main bedroom features an en suite shower room for added convenience. Two additional double bedrooms at the rear offer versatility for family living or guest accommodation, while a single bedroom provides options for use as a study or nursery. The expansive outdoor space surrounding this property is truly remarkable. Largely laid to lawn and enriched by mature hedging, it offers privacy and scope for landscaping according to your vision. Notably, there’s an open barn at the rear of the plot along with an attractive wildflower area populated by young saplings—an ecological asset that enhances the overall setting. Beyond immediate renovations, there exists considerable potential to extend or remodel the existing home into a bespoke luxury residence or even develop an additional dwelling on site (subject to necessary planning permissions). This flexibility makes it not just a home but also an investment opportunity ripe with possibilities. Located in Hickling within the Vale of Belvoir, residents benefit from access to unspoiled rural landscapes while remaining well-connected to Nottingham and Leicester. The village fosters a strong sense of community through social clubs and events. Local amenities include charming spots such as a village pub and "The Wharf" café near Hickling Basin, alongside convenient options like a garden nursery and farm shop at the village's edge. In summary, this property combines generous living space with substantial land—an appealing

Investment Analysis

(LE14 area)

Above Market Value

This property is priced +80.4% above area average per sq ft

+80.4%
This Property
£520/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£237
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£545,624
10% above area average per sq ft
Potential ROI
-45.2%
After renovation
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, Hickling Pastures, Melton Mowbray, LE14
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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
£3,279
Based on a loan of £671,250 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