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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 a notable investment opportunity for those looking to enhance its value through renovation. The home is in need of a comprehensive update, allowing for significant potential to modernize and improve its appeal in the market. With no onward chain, it offers a straightforward acquisition process for investors or developers with plans for rapid enhancement. The internal layout features an entrance hallway that opens into a front-facing reception room with an adaptable L-shaped design. This space could easily be reconfigured into a modern open-plan living and dining area. At the rear lies the kitchen, which has direct access to the garden, presenting options for extension or redesign (subject to planning permission). A ground floor bathroom provides further potential for reconfiguration based on your design vision. On the upper level, two spacious double bedrooms along with a third single room provide versatility suited for various buyer demographics including families and first-time buyers. Externally, the property benefits from a large driveway capable of accommodating multiple vehicles—a distinct advantage in both rental and resale markets. The generously sized rear garden enjoys a desirable south-westerly orientation and presents opportunities for landscaping enhancements or extensions (STPP), greatly adding to its value. Located within an established residential area with strong demand, this property is close to local amenities and schools, while also being near green spaces that enhance attractiveness for future occupants.

Investment Analysis

(LE13 area)
Area Average
£261/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.0%

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
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

Lake Terrace, Melton Mowbray, LE13
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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
£553
Based on a loan of £116,250 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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