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Salisbury Avenue, Melton Mowbray

East Midlands

£125,000
Listed on 23/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
729 sqft

Description

This two-bedroom period home presents a promising restoration opportunity for investors or first-time buyers looking to add value. Nestled in a well-established residential area, the property is available without any upward chain, allowing for a straightforward acquisition. The lounge features an open fireplace and could be revitalized into an inviting living space with modern touches, while the dining room retains character with its own fireplace and ample natural light from multiple windows. The compact kitchen requires updating but offers potential for improvement with essential utilities already in place. Upstairs, you will find two double bedrooms and a bathroom that holds possibilities for modernization. The outdoor areas comprise a secluded courtyard and an independently owned garden, both of which could enhance outdoor living after some cultivation. Located conveniently near local schools, parks, and amenities, this property is an ideal candidate for those seeking a project to transform into their ideal home.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -33.5% below area average per sq ft

-33.5%
Potential saving
This Property
£171/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£206,810
10% above area average per sq ft
Potential ROI
+29.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Salisbury 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
£443
Based on a loan of £93,750 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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