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Redwood Avenue, Melton Mowbray, Leicestershire - Image 1
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Redwood Avenue, Melton Mowbray, Leicestershire

East Midlands

£200,000

Listed on 19/06/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1023 sqft

Description

This detached bungalow presents a unique opportunity for renovation in the desirable area of Melton Mowbray. While it currently retains a traditional layout with two to three bedrooms, including a lounge, kitchen, and a versatile dining room that can serve as a third bedroom, it is in need of significant updating. The property benefits from central heating and double glazing but would greatly improve with modern finishes and potential reconfiguration. The front and rear gardens offer ample space, yet they require cultivation and landscaping to unlock their full potential. With off-street parking provided by the carport and garage, this property could be transformed into an attractive home or investment. Located conveniently close to local amenities and transport links, it provides excellent prospects for those looking to invest in a thriving market town.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -25.3% below area average per sq ft

-25.3%
Potential saving
This Property
£196/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£294,491
10% above area average per sq ft
Potential ROI
+22.7%
After renovation
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 -12.3% over the last 12 months
3 year growth: -9.5%
5 year growth: +8.6%
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

Redwood Avenue, Melton Mowbray, Leicestershire
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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
£756
Based on a loan of £150,000 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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