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Church Lane, Somerby, Melton Mowbray

East Midlands

£224,950
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1055 sqft

Description

This traditional three-bedroom semi-detached property, dating back to the late 19th century, presents a unique opportunity for buyers looking to invest in a spacious home in the tranquil village of Somerby, near Oakham. While the property requires comprehensive internal modernization, it offers significant potential for transformation to reflect personal style and preferences. The desirable location boasts local amenities including a primary school and the well-known Stilton Cheese pub. Entering through Reception Room One, you'll find a charming space with original built-in cupboards and access to both the kitchen and another reception area. The second reception room is generously sized, featuring an inviting open fireplace and additional character details. The kitchen comprises eye- and base-level units alongside practical laminate worktops, leading directly into the garden area via a uPVC door. On the first floor, there are three bedrooms: two comfortable doubles and a versatile single that could serve as an office or guest space. The bathroom includes essential fixtures but is in need of updates to enhance its functionality. Outside, the rear garden features a concrete seating area, small lawn, and useful outbuildings that offer further potential for development. This property stands as a blank canvas for those keen on renovation projects and investment opportunities.

Investment Analysis

(LE14 area)

Below Market Value

This property is priced -25.5% below area average per sq ft

-25.5%
Potential saving
This Property
£213/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£281
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£332,077
10% above area average per sq ft
Potential ROI
+25.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (LE14)

Area prices are rising by +11.6% over the last 12 months
3 year growth: +4.7%
5 year growth: +5.0%
Investment Disclaimer: Analysis based on LE14 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

Church Lane, Somerby, 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
£811
Based on a loan of £168,712 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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