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Limes Avenue, Melton Mowbray

East Midlands

£159,950
Listed on 06/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
743 sqft

Description

This semi-detached period property offers a fantastic opportunity for renovation and investment in a desirable residential area on the north side of town. The home features three bedrooms, making it ideal for families or those looking to maximize rental potential. It retains charming original elements such as an open fireplace in the lounge and built-in wardrobes, but requires modern updating to align with contemporary living standards. The kitchen and dining room provide a good foundation for transformation, while the rear garden offers space for further improvement or landscaping. With no upward chain, this property is an attractive proposition for buyers keen on creating their own personalized living space or capitalizing on its investment possibilities. Located close to local schools and amenities, it presents both convenience and potential for value enhancement.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -17.5% below area average per sq ft

-17.5%
Potential saving
This Property
£215/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£213,274
10% above area average per sq ft
Potential ROI
+15.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Limes 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
£571
Based on a loan of £119,962 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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