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Fayrefield Road, Melton, IP12

East of England

£385,000
Listed on 21/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1082 sqft

Description

This three-bedroom semi-detached house, located on a serene no-through road in a favored residential area of Melton, presents an appealing opportunity for those looking to invest in a home with significant renovation potential. Boasting a generous rear garden that offers ample space for landscaping or even possible extensions (contingent on planning permissions), this property is well-equipped to cater to family living or first-time buyers. The installation of fibre optic broadband adds modern connectivity benefits, enhancing its appeal further. The front approach features a block-paved driveway providing off-road parking and convenient side access to the extensive back garden and detached garage. Upon entering, you're greeted by a spacious hallway leading to bright living areas including a sitting room with large windows and a contemporary gas fire that creates an inviting atmosphere. This area seamlessly transitions into the dining room, which overlooks the rear garden and flows directly into the kitchen. The kitchen comes fitted with practical wall and base units along with integrated appliances, but could benefit from modernization to fully leverage its potential. An adjoining lean-to provides additional utility space with ample storage solutions. Upstairs, you will find three well-sized bedrooms; the principal bedroom is notably spacious with built-in wardrobes. A modern family bathroom serves all bedrooms effectively yet offers scope for improvement. The expansive rear garden is perhaps the standout feature here, offering seclusion framed by mature hedges and plenty of room for future enhancements or even an expansion of the home itself, subject to necessary approvals. The detached garage adds extra utility as either storage or workshop space. This property is perfectly suited for buyers keen on personalizing their new home while being conveniently located near local amenities, schools, and transport links.

Investment Analysis

(IP12 area)

Above Market Value

This property is priced +0.7% above area average per sq ft

+0.7%
This Property
£356/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£276
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£420,557
10% above area average per sq ft
Potential ROI
-1.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (IP12)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -7.5%
5 year growth: +0.7%
Investment Disclaimer: Analysis based on IP12 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

Fayrefield Road, Melton, IP12
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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
£1,364
Based on a loan of £288,750 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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