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Highfield Avenue, Melton Mowbray

East Midlands

£340,000
Listed on 13/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1506 sqft

Description

This three-bedroom detached bungalow presents a promising renovation opportunity, situated on a spacious plot in a sought-after residential area on the north side of town. While the property requires updating, its generous layout and potential for modernisation make it an attractive investment. The entrance porch leads into a wide hall with access to various rooms including a fitted kitchen breakfast room that features dual aspects and a walk-in pantry. The adjoining dining room provides access to the lounge which boasts a real flame gas fire, creating a cozy atmosphere. The accommodation includes two well-proportioned double bedrooms with fitted wardrobes, alongside a third bedroom that could serve as an office or guest room. The bathroom is equipped with both shower and bath facilities and offers tiled splashbacks. An integral garage presents further potential as it could be converted into additional living space (subject to planning permission). Outside, the property enjoys a south-facing garden complemented by patio areas and established greenery, ideal for future landscaping projects. Located conveniently close to local schools and transport links, this bungalow offers excellent potential for those looking to invest in property with significant upside.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -12.7% below area average per sq ft

-12.7%
Potential saving
This Property
£226/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£428,645
10% above area average per sq ft
Potential ROI
+11.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Highfield Avenue, 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
£1,226
Based on a loan of £255,000 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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