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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 solid opportunity for investors and renovators alike. Nestled in a well-established residential area, the property is currently in need of updating throughout, offering potential to enhance both its aesthetic and functional appeal. The ground floor features a lounge with an open fireplace, leading to a spacious dining room adorned with another fireplace and ample natural light from side and rear windows. The kitchen, albeit compact, provides essential amenities and could be transformed into a modern space. The shower room on this level is functional but requires refurbishment. Upstairs, two generous double bedrooms await; both equipped with built-in storage solutions that can be customized or replaced as part of the renovation. The main bathroom features traditional fittings that may benefit from modern upgrades. Outdoors, the property boasts a walled courtyard and an independently owned garden filled with established flora, offering scope for landscaping improvements or personal touches. Located conveniently near local schools, parks, and shopping amenities, this home is ripe for transformation into a desirable asset in the East Midlands market.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -34.3% below area average per sq ft

-34.3%
Potential saving
This Property
£171/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£209,256
10% above area average per sq ft
Potential ROI
+26.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Salisbury 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
£446
Based on a loan of £93,750 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.

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