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West Avenue, Melton Mowbray

East Midlands

£175,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
847 sqft

Description

This three-bedroom property presents a significant opportunity for renovation, situated in a desirable residential area with picturesque views of the adjacent paddock. The home is being sold with no upward chain, making it an enticing prospect for buyers seeking to invest in a project that is ripe for modernization and personalisation. Upon entry, the porch leads into a hallway with staircase access to the first floor and convenient storage under the stairs. The ground floor features a WC and a kitchen equipped with essential appliances yet in need of updating, leading into a compact dining area. The spacious lounge opens with sliding patio doors to the rear garden, which features established greenery and direct views onto the paddock—ideal for creating an outdoor retreat. Upstairs, there are three bedrooms; two double rooms both overlook the serene rear garden and paddock area, while the third room could serve well as a child's bedroom or office space. A dated shower room completes this level but offers potential for improvement. Additional highlights include a manageable front garden and a rear garden equipped with an outhouse fitted with power—perfect for various uses. This property promises excellent prospects for those looking to enhance its livability under its current structure while reaping rewards from value appreciation in this sought-after locale.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -19.9% below area average per sq ft

-19.9%
Potential saving
This Property
£207/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£240,285
10% above area average per sq ft
Potential ROI
+20.1%
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

West 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
£620
Based on a loan of £131,250 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.

Stamp Duty Calculator

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