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Balmoral Road, Melton Mowbray

East Midlands

£260,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1114 sqft

Description

This property presents a promising renovation opportunity located in a desirable area of Melton Mowbray. Once a cherished family residence, it now awaits a new owner who can breathe fresh life into it. The spacious layout includes three bedrooms, a bathroom, and generous living areas like a lounge and dining room, with the potential for modern upgrades and even extensions subject to planning permissions. The structure features gas central heating with a system installed approximately 14 years ago, alongside mostly double-glazed windows. Outside, you'll find ample parking options including a large carport and garage, plus well-sized gardens that offer further landscaping possibilities. Given its prime location near local schools, amenities, and transport links, this property holds substantial investment potential for those looking to capitalize on the area's growth.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -9.8% below area average per sq ft

-9.8%
Potential saving
This Property
£233/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£317,072
10% above area average per sq ft
Potential ROI
+9.3%
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

Balmoral 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
£938
Based on a loan of £195,000 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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