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1-3 Kings Road , Melton Mowbray, LE13 1QF

East Midlands

£250,000
Listed on 21/04/2026

Property Details

Bedrooms
N/A
Type
Healthcare Facility
Area
2368 sqft

Description

1-3 Kings Road offers an exceptional opportunity for investors looking to acquire a prominent freehold property in the bustling market town of Melton Mowbray. This corner unit, currently operating as a veterinary practice, features modern finishes across two spacious floors and is strategically located at the intersection of Kings Road. Just a short stroll from the town centre and railway station, it benefits from excellent road connections to the A606 and A607, ensuring high visibility and accessibility. The surrounding area boasts ample public and on-street parking, enhancing its attractiveness for various business uses. With a flexible Class E zoning, there is significant potential for immediate use in retail, medical, or office settings. Moreover, given the strong rental demand in the area, savvy investors may consider converting parts of this property to mixed-use with residential units above (subject to planning). The total floor area spans approximately 180 square meters (2,368 sq. ft), complemented by an additional yard space measuring about 1200 sq. ft (111 m2), which is securely fenced. This property comes with freehold tenure available with vacant possession upon completion, providing complete control over its future occupation or development strategy. Interested parties are encouraged to conduct their own due diligence regarding redevelopment opportunities or alternative uses.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -59.1% below area average per sq ft

-59.1%
Potential saving
This Property
£106/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£671,778
10% above area average per sq ft
Potential ROI
+91.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE13)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -5.5%
5 year growth: +15.8%
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

1-3 Kings Road , Melton Mowbray, LE13 1QF
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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