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Town End, Somerby, Melton Mowbray

East Midlands

£550,000

Listed on 03/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

This individual detached three-bedroom bungalow in the desirable village of Somerby offers a unique opportunity for those looking to invest in a renovation project. Set on an expansive plot, the property serves as a blank slate, allowing buyers to modernise or reconfigure the single-storey layout to meet their personal tastes and requirements. The internal space includes a spacious living room with garden access through patio doors, a versatile snug ideal for multiple uses, and a generous kitchen/breakfast area leading into a utility room. The principal bedroom features its own en-suite shower room, while two additional bedrooms provide flexibility for family or guests, all serviced by a central bathroom. A key highlight is the impressive range of outbuildings on-site; potential uses include workshops for hobbyists or home businesses, along with substantial storage options. The extensive driveway accommodates multiple vehicles and leads to wrap-around gardens with established landscaping. With clear potential for further residential development or even an independent annexe—subject to planning permissions—this property presents an exciting investment prospect in one of the region's most sought-after locales.

Investment Analysis

(LE14 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£280
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LE14)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +2.4%
5 year growth: +2.1%
Investment Disclaimer: Analysis based on LE14 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

Town End, Somerby, Melton Mowbray
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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
£2,078
Based on a loan of £412,500 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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