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Nottingham Road, Melton Mowbray

East Midlands

£350,000
Listed on 01/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1281 sqft

Description

This detached family residence offers a unique opportunity for those looking to invest in a property with significant potential for renovation and enhancement. Nestled within a gated corner plot just a short stroll from the heart of Melton Mowbray, this home is ideally located near local amenities, reputable schools, and essential transport links connecting you to Leicester, Nottingham, and London. Currently spanning approximately 1,281 square feet across two floors, the layout includes two spacious reception rooms and a sizable kitchen/dining area that opens directly into the rear garden. The property retains original features such as the staircase in the entrance hall and boasts three well-sized bedrooms along with a recently updated family bathroom. The exterior is equally appealing with wrap-around gardens primarily laid to lawn and a terrace perfect for outdoor gatherings. An attached double garage presents further opportunities for transformation into additional living space (subject to consents), making this residence particularly attractive to growing families or investors seeking to increase the property's footprint. Overall, this property not only provides comfortable living space but also significant scope for development, promising substantial value addition for the right buyer.

Investment Analysis

(LE13 area)

Above Market Value

This property is priced +5.6% above area average per sq ft

+5.6%
This Property
£273/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£364,605
10% above area average per sq ft
Potential ROI
-11.1%
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
49%
Properties sold annually

Local Market Trend (LE13)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -2.9%
5 year growth: +19.6%
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

Nottingham Road, Melton Mowbray
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,262
Based on a loan of £262,500 over 30 years at 4.06% 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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