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Stafford Avenue, Melton Mowbray

East Midlands

£220,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
948 sqft

Description

This semi-detached bungalow presents a valuable renovation opportunity, featuring three to four bedrooms, and is positioned in a well-regarded residential area with easy access to the town centre. The property boasts a functional layout, encompassing an entrance hall leading to various living spaces including a lounge with an ornamental fireplace, a kitchen equipped with integrated appliances and ample storage, as well as multiple bedrooms that can be adapted to suit various needs. The current configuration includes potential for additional living space or conversion of rooms for enhanced functionality. The exterior offers a south-facing patio garden and driveway access, making it ideal for outdoor living. Given its proximity to local amenities such as schools and supermarkets, this property stands as an excellent investment for those looking to create their dream home through renovation.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -10.3% below area average per sq ft

-10.3%
Potential saving
This Property
£232/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
£269,825
10% above area average per sq ft
Potential ROI
+3.8%
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

Stafford 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
£793
Based on a loan of £165,000 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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