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Melton Road, Burton Lazars, Melton Mowbray

East Midlands

£400,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1339 sqft

Description

This four-bedroom detached cottage, originally two separate homes, presents a distinctive opportunity for those looking to invest in a property with significant renovation potential. Nestled within expansive grounds of 3.22 acres, including both gardens and grassland, this character-rich residence boasts central heating and double glazing but requires modernization throughout to unlock its full value. The layout features dual front entrances leading into a kitchen equipped with storage options and direct access to the outdoors. A cozy sitting room showcases a traditional fireplace, while the lounge provides additional living space conducive to creative redesign. The first floor hosts ample sleeping accommodations with four bedrooms, complemented by functional bathroom facilities including both a shower room and a family bathroom. Externally, the property benefits from shared access leading to private driveway parking and landscaped gardens set against a tranquil village backdrop. With planning considerations suggesting potential future development on adjacent land—subject to local authority approvals—this property is ideal for long-term investment or personal customization in a peaceful setting close to essential amenities in Melton Mowbray and beyond.

Investment Analysis

(LE14 area)

Above Market Value

This property is priced +3.2% above area average per sq ft

+3.2%
This Property
£299/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£268
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£426,331
10% above area average per sq ft
Potential ROI
-7.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (LE14)

Area prices are rising by +10.7% over the last 12 months
3 year growth: 3.1%
5 year growth: 5.7%
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