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Park Avenue, Melton Mowbray

East Midlands

£110,000
Listed on 01/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
774 sqft

Description

This two-bedroom period property presents a notable opportunity for renovation, nestled conveniently near the town center and bordered by a scenic riverside. While currently in need of updates, the layout offers potential for modern living with its distinct rooms and original features. The kitchen features a variety of storage solutions and provides enough space to consider a reconfiguration that could enhance functionality. The dining room flows into the lounge, which boasts patio doors leading to the rear garden – an ideal setup for creating an inviting indoor-outdoor living area. Upstairs, both bedrooms benefit from natural light, with one offering delightful river views. The bathroom, while functional, could be transformed into a contemporary retreat. Outside, the south-easterly facing garden needs attention but has strong potential for landscaping that could emphasize its proximity to the River Eye. This property is sold as seen and is available with no upward chain, making it particularly attractive for investors or those looking to create their dream home.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -44.9% below area average per sq ft

-44.9%
Potential saving
This Property
£142/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£219,576
10% above area average per sq ft
Potential ROI
+56.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE13)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -5.5%
5 year growth: +15.8%
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

Park Avenue, Melton Mowbray
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£390
Based on a loan of £82,500 over 30 years at 3.91% 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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