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School Lane, Little Melton

East of England

£500,000
Listed on 22/04/2026

Property Details

Bedrooms
6
Type
Detached
Area
2156 sqft

Description

This spacious detached residence offers a significant chance for renovation and personalisation, combining ample living space with the potential for modern upgrades. At the heart of the home is a well-equipped kitchen and dining area featuring a butler sink and integrated appliances, which serves as an inviting hub for both cooking and entertaining. A separate utility room provides added convenience, while a shower room on the ground floor enhances functionality. The generous lounge, with its dual aspect and charming wood burner, creates a warm environment suitable for relaxation or gatherings. Additionally, the adaptable dining room presents opportunities to function as either an elegant entertaining space or a productive home office. Upstairs, there are six sizable bedrooms that cater beautifully to larger families or those needing extra space for guests or work-from-home arrangements. These rooms are served by an existing family bathroom, presenting buyers with the chance to apply their own cosmetic touches. Externally, the property boasts impressive field views from the front and is accessed via a sweeping driveway that accommodates multiple vehicles alongside a sizeable garage equipped with light and power – including workshop possibilities at its rear. The rear garden extends approximately 40 feet and features split-level landscaping with areas ideal for outdoor dining alongside two powered outbuildings that have great potential for use as studios or home offices (subject to planning permission). With certain enhancements already made in key areas such as electrics and bathrooms, this property awaits your vision to transform it into a tailored modern living space. Located in Little Melton, this appealing village offers excellent connectivity to nearby towns while providing a community-oriented lifestyle popular among families.

Investment Analysis

(NR9 area)

Below Market Value

This property is priced -25.8% below area average per sq ft

-25.8%
Potential saving
This Property
£232/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£287
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£741,362
10% above area average per sq ft
Potential ROI
+34.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR9)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -5.9%
5 year growth: +3.6%
Investment Disclaimer: Analysis based on NR9 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

School Lane, Little Melton
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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
£1,771
Based on a loan of £375,000 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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