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Park Avenue, Melton Mowbray

East Midlands

£110,000

Listed on 01/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
774 sqft

Description

This two-bedroom period property presents a promising opportunity for renovation in a charming riverside location, conveniently close to the town centre. Although it is being sold as seen, the potential for improvement is significant. The kitchen features essential appliances and units but would benefit from modernisation to increase functionality and appeal. The adjoining dining room offers access to the staircase and could be reimagined into an open-plan living space for contemporary living. The lounge, with its patio doors leading to the rear garden, has scope for updating to enhance indoor-outdoor flow. Upstairs, both bedrooms enjoy pleasant views, yet they require refreshing to realise their full potential as comfortable retreats. The bathroom currently holds standard fittings but could be transformed into a more stylish sanctuary with thoughtful upgrades. The outdoor space includes a south-easterly facing garden that is in need of attention but possesses charm with its decking area by the River Eye. This property’s location, in a cul-de-sac near amenities and transport links, adds further value to your investment vision.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -45.5% below area average per sq ft

-45.5%
Potential saving
This Property
£142/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£222,173
10% above area average per sq ft
Potential ROI
+58.7%
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

Park Avenue, 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
£392
Based on a loan of £82,500 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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