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Stafford Avenue, Melton Mowbray

East Midlands

£220,000
Listed on 22/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
948 sqft

Description

This semi-detached bungalow presents a unique renovation opportunity for those looking to invest in a property with substantial potential. Featuring three to four bedrooms, the home is positioned within a well-regarded residential area, making it an appealing choice for families and investors alike. Upon entering, you are welcomed by an entrance hall that leads to various living spaces. The lounge boasts a charming ornamental fireplace and rear-facing windows that provide natural light. The kitchen, though needing updates, offers a functional layout with base and eye-level units, plumbing for appliances, and access to the outdoor space. The property includes multiple bedrooms that can be adapted to suit various needs, whether as traditional sleeping quarters or reimagined as home offices or hobby rooms. The versatile sitting room can serve as a primary bedroom or additional living area, equipped with parquet flooring and a feature bow window. Each bedroom benefits from distinct characteristics such as natural light and built-in storage options. A notable feature of this bungalow is the en-suite WC attached to one of the bedrooms, along with a main bathroom that provides essential amenities but could benefit from modernisation. Outside, the south-facing patio garden offers privacy with established shrubbery and hedging. The block-paved driveway adds convenience for multiple vehicles while enhancing curb appeal. Located on the northern side of town, this property provides easy access to local schools including Brownlow Primary School and John Ferneley College, along with nearby parks and retail facilities such as Tesco's Supermarket. Its proximity to the town center further enhances its desirability for future tenants or buyers after renovation. With no upward chain and probate already granted, this property stands ready for transformation into a comfortable family home or rental investment. Prospective buyers are encouraged to explore the significant potential this bungalow holds in today's market.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -10.8% below area average per sq ft

-10.8%
Potential saving
This Property
£232/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£199
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£271,284
10% above area average per sq ft
Potential ROI
+4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Stafford Avenue, 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
£806
Based on a loan of £165,000 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