Worst House on the Street Logo
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 1
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 2
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 3
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 4
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 5
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 6
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 7
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 8
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 9
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 10
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 11
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 12
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 13
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 14
Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ - Image 15

Lake Terrace, Melton Mowbray, Leicestershire, LE13 0BZ

East Midlands

£155,000Guide Price

Listed on 14/05/2026

Property details

Bedrooms
3
Type
Semi Detached

Description

Located in a tranquil cul-de-sac on the southern edge of town, this three-bedroom semi-detached residence presents a compelling opportunity for investors or developers seeking a project. The property requires comprehensive updating, making it an ideal candidate for refurbishment and modernization efforts that can enhance its value. With no onward chain, this offers a smooth purchasing process, facilitating a swift turnaround. Internally, the ground floor features an entrance hall leading into a versatile front reception room with an L-shaped design, which could be reimagined into a modern open-plan living/dining area. The rear kitchen provides direct access to the garden, offering options for extension (subject to planning consent). A bathroom is also located on the ground floor and could be renovated or repositioned based on preferred layouts. Upstairs are two spacious double bedrooms along with a third single bedroom, providing practical configurations suitable for families, sharers or first-time buyers. Externally, the property benefits from a large driveway at the front, allowing off-street parking for several vehicles—a significant advantage in both resale and rental markets. The rear garden faces southwest, enhancing its appeal; its generous size allows for potential landscaping or expansion projects (STPP), which could further increase property value. Situated in an established residential neighbourhood with steady demand, this home boasts easy access to town amenities and local schools. Additionally, nearby green spaces contribute to long-term attractiveness for future owners or tenants.

Investment analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
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, Leicestershire, LE13 0BZ
Loading map...

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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.