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Lake Terrace, Melton Mowbray, LE13

East Midlands

£155,000

Listed on 14/05/2026

Property details

Bedrooms
3
Type
Semi Detached

Description

This three-bedroom semi-detached property, located in a peaceful cul-de-sac on the south side of town, presents an exceptional opportunity for investors and developers seeking to maximise value. The home requires updating throughout, making it an ideal candidate for refurbishment and modernization. With no onward chain, this property could facilitate a smooth acquisition and a swift renovation turnaround. Inside, the ground floor features an entrance hallway that leads to a versatile front-facing reception room with an L-shaped layout, which could easily be reconfigured into a modern open-plan living and dining area. The kitchen at the rear has direct access to the garden, providing potential for extension (subject to planning permission). The existing ground floor bathroom may be restructured or moved depending on your design preferences. Upstairs, two spacious double bedrooms and a third single room offer practical configurations that appeal to families, sharers, or first-time buyers. On the exterior, the generous driveway allows off-street parking for multiple vehicles – a significant advantage in resale or rental markets. The rear garden faces south-west and presents opportunities for landscaping enhancements or extensions (STPP), further increasing its value. Located within a well-established residential area with steady demand, this property is conveniently positioned close to the town centre, amenities, schools, and green spaces which bolster long-term appeal for both resale and rental prospects.

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Investment analysis

(LE13 area)
Area Average
£261/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE13)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -8.1%
5 year growth: +9.0%
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

Lake Terrace, Melton Mowbray, LE13
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£586
Based on a loan of £116,250 over 30 years at 4.45% 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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