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

£155,000
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

Nestled in a tranquil cul-de-sac on the southern edge of town, this three-bedroom semi-detached home presents a noteworthy opportunity for investors and developers seeking to enhance property value. The residence requires comprehensive updating throughout, offering significant potential for refurbishment and modernization. With the added benefit of no onward chain, it facilitates a seamless purchase process and a rapid turnaround for prospective buyers. The internal layout features an entrance hallway that leads into an L-shaped reception room, allowing for flexible redesign into a modern open-plan living/dining area. The kitchen situated at the rear provides direct access to the garden, presenting opportunities for both extension (subject to planning) and reconfiguration. On the ground floor, there's also a bathroom that can be updated or relocated based on your design preferences. Upstairs comprises two generously sized double bedrooms alongside a third single bedroom, making it ideal for families, sharers, or first-time homeowners. Externally, the property boasts a spacious driveway with off-street parking for multiple vehicles — an advantageous feature in today’s market. The south-westerly facing rear garden is not only appealing but also offers ample space for landscaping enhancements or potential extensions (subject to planning permission), further adding to its value. Located within a well-established residential area known for its consistent demand, this property enjoys convenient access to local amenities, schools, and green spaces that elevate its long-term rental and resale attractiveness.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £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, Leicestershire, LE13 0BZ
Loading map...

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

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.