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Algernon Road, Melton Mowbray - Image 1
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Algernon Road, Melton Mowbray

East Midlands

£140,000
Listed on 07/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
908 sqft

Description

This three-bedroom mid-terraced property with an additional loft room presents a valuable opportunity for renovation in the heart of Melton Mowbray. Spanning three floors, the layout features two reception rooms, a functional galley kitchen, and a ground floor bathroom, making it suitable for family living or investment potential. The property benefits from a bright front-facing living room with a fireplace, and a spacious dining area leading to the rear garden through French doors. The first floor includes two sizable double bedrooms, while a fixed staircase leads to an adaptable loft room that could serve various purposes. Externally, the enclosed rear garden offers a private retreat ripe for landscaping or development—ideal for those looking to enhance their outdoor space. Located close to local amenities, this home is an exciting project awaiting modernization.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -40.4% below area average per sq ft

-40.4%
Potential saving
This Property
£154/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£258,440
10% above area average per sq ft
Potential ROI
+43.6%
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

Algernon 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
£505
Based on a loan of £105,000 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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