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Melton Road, Thurmaston, Leicester LE4 8EB - Image 1
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Melton Road, Thurmaston, Leicester LE4 8EB

East Midlands

£350,000
Listed on 15/03/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
2090 sqft

Description

This former set of farm cottages has been transformed into a single spacious residence, presenting an exciting opportunity for those looking to invest in a property with significant potential. While the home currently requires comprehensive refurbishment, it offers an adaptable layout featuring four bedrooms and several reception areas that can be reimagined to enhance usability and value. The generous plot includes a garage, outbuildings, and a BBQ area, all of which provide additional opportunities for improvement or redevelopment, possibly even allowing for conversion into separate units (subject to planning permission). This property is sold with vacant possession and no onward chain, making it ideal for serious buyers ready to embark on a renovation project.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -42.5% below area average per sq ft

-42.5%
Potential saving
This Property
£167/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£669,929
10% above area average per sq ft
Potential ROI
+52.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (LE4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +5.3%
5 year growth: +26.4%
Investment Disclaimer: Analysis based on LE4 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

Melton Road, Thurmaston, Leicester LE4 8EB
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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
£1,262
Based on a loan of £262,500 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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