Worst House on the Street Logo
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 1
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 2
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 3
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 4
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 5
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 6
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 7
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 8
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 9
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 10
Melbourne Road, Ibstock, Leicestershire, LE67 - Image 11

Melbourne Road, Ibstock, Leicestershire, LE67

East Midlands

£180,000
Listed on 28/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1204 sqft

Description

This three-bedroom semi-detached house in Ibstock, Coalville, presents an excellent opportunity for renovation and investment. The property is available with no onward chain, making it a straightforward acquisition. Inside, you'll find two reception rooms, including a lounge with a bay window that opens up to views of the south-facing garden, which features a patio and lawn area. The dining room offers additional space for family gatherings or could be reimagined as a home office. The kitchen is equipped with wall and base units, a gas cooker, and plumbing for laundry facilities but would benefit from modernisation. The three bedrooms include two generous doubles with built-in wardrobes and a smaller single room, suitable for children or as an office. The bathroom features traditional fittings with potential for modern upgrades. Additional amenities such as gas central heating from a combi boiler, driveway parking, a garage, and ground floor W/C add to the functionality of the home. Importantly, the property has extension potential (subject to planning permission), allowing you to increase its living space further. This well-regarded location presents good access to local amenities while providing an attractive countryside backdrop.

Investment Analysis

(LE67 area)

Below Market Value

This property is priced -42.2% below area average per sq ft

-42.2%
Potential saving
This Property
£150/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£226
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£342,821
10% above area average per sq ft
Potential ROI
+67.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LE67)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 0.6%
5 year growth: 22.4%
Investment Disclaimer: Analysis based on LE67 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

Melbourne Road, Ibstock, Leicestershire, LE67
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£659
Based on a loan of £135,000 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

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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