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Highfield Avenue, Melton Mowbray

East Midlands

£350,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1506 sqft

Description

This three-bedroom detached bungalow presents a promising renovation opportunity within a respected residential area on the northern side of town. Nestled on a generous plot and offered with no upward chain, this property invites creative enhancement and modernisation. The entrance porch leads into a spacious hall, providing access to various living spaces, including a fitted kitchen with ample units and integrated appliances, and a dining room adorned with patio doors that open to the rear garden. The lounge features a charming gas fireplace, while the bedrooms are well-sized, particularly suited for families or as investment rentals. There is also an integral garage and an additional workshop, each benefitting from power supply, offering potential for further development. Outside, the south-facing garden adds to the appeal with established greenery and a sizable patio area. Overall, this bungalow holds significant potential for transformation while being conveniently situated near local schools and transport links.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -10.7% below area average per sq ft

-10.7%
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
£15,000 - £30,000
Target Value
£430,964
10% above area average per sq ft
Potential ROI
+13.4%
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

Highfield 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
£1,282
Based on a loan of £262,500 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