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Kings Road, Melton Mowbray

East Midlands

£160,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terraced house presents a promising opportunity for renovation and investment. Located within walking distance of local schools and the town center, this property is perfectly positioned for both families and potential renters. The ground floor features a lounge with a bay window that invites natural light, along with a dining room that offers ample space for gatherings. Both rooms are equipped with stone fireplaces, providing a cozy atmosphere, although they would benefit from some modern updates. The kitchen has functional wall and base units, but it is in need of refurbishment to fully realize its potential. Adjacent to the kitchen, the newly fitted shower room includes contemporary fixtures that enhance convenience. Upstairs, you'll find three generously sized bedrooms. Each space has its own unique character and provides an excellent canvas for personalization or upgrades. The layout encourages creative design choices, whether you're considering changes to optimize rental appeal or crafting a comfortable family home. The exterior of the property features a small walled courtyard at the front and a hard landscaped garden at the rear, making maintenance straightforward while also allowing for landscaping enhancements. This outdoor space can serve as an inviting retreat or an area for potential expansion. This property stands out not only for its location and layout but also for its significant investment potential. With some modernization efforts throughout, it can be transformed into a desirable residence in a sought-after area. Whether you're looking for your first home or seeking to add to your investment portfolio, this property offers various possibilities to explore.

Investment Analysis

(LE13 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£199
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Kings Road, Melton Mowbray
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 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.

Next Steps

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