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Cranmere Road, Melton Mowbray

East Midlands

£280,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
983 sqft

Description

This three-bedroom detached bungalow presents a remarkable opportunity for buyers looking to invest in a property with substantial renovation potential. Nestled in a desirable residential area on the north side of town, this home is conveniently offered with no upward chain, allowing for a straightforward acquisition process. The entrance porch welcomes you in with natural light from the skylight and offers access to both the garage and the rear garden. Inside, you'll find an inviting entrance hall that leads to a loft space ideal for storage or possible conversion. The kitchen breakfast room features essential amenities but would benefit from modern updates, making it a perfect canvas for your ideas. The lounge/dining room boasts dual aspects and patio doors that connect seamlessly to the rear garden, providing ample opportunities for enhancing indoor/outdoor living. The bedrooms are all well-proportioned, with fitted wardrobes in two of them; however, they would greatly benefit from contemporary styling and fixtures. The bathroom includes basic facilities but is ready for an upgrade to meet modern standards. The exterior features a front lawn adorned with established plants, while the rear garden offers a peaceful retreat that is predominantly laid to lawn, complete with mature shrubs and a decorative pond. This outdoor space could be transformed into an exquisite garden oasis. Given its prime location close to local amenities and transport links, this property is not only an ideal family home but also presents significant investment potential through renovations and extensions.

Investment Analysis

(LE13 area)

Above Market Value

This property is priced +9.2% above area average per sq ft

+9.2%
This Property
£285/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£282,165
10% above area average per sq ft
Potential ROI
-13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE13)

Area prices are falling by -12.0% over the last 12 months
3 year growth: -9.0%
5 year growth: +10.8%
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

Cranmere Road, Melton Mowbray
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£999
Based on a loan of £210,000 over 30 years at 3.97% 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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