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Thames Drive, Melton Mowbray, Leicestershire, LE13 0DS - Image 1
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Thames Drive, Melton Mowbray, Leicestershire, LE13 0DS

East Midlands

£135,000

Listed on 23/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
921 sqft

Description

This three-bedroom semi-detached house presents a promising opportunity for those looking to invest in a property with considerable renovation potential. Key improvements have already been made, including a full rewire and a newer gas central heating system featuring a modern boiler and radiators installed within the last few years. However, the home still requires cosmetic upgrades to align with contemporary standards, particularly in terms of kitchen refurbishment and possibly updating the windows. The property includes a spacious rear garden and a detached garage equipped with a vehicle inspection pit, making it an attractive feature for car enthusiasts or anyone needing extra workspace. The layout offers an entrance porch, living room, dining area, conservatory, kitchen, two double bedrooms, one single bedroom, and a shower room—providing ample scope for customization. With its solid structure and desirable location in the East Midlands, this property could be transformed into a personal sanctuary or a lucrative investment. Early viewing is advised to fully appreciate its potential.

Investment Analysis

(LE13 area)

Below Market Value

This property is priced -44.0% below area average per sq ft

-44.0%
Potential saving
This Property
£147/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£265,128
10% above area average per sq ft
Potential ROI
+60.7%
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

Thames Drive, Melton Mowbray, Leicestershire, LE13 0DS
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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
£510
Based on a loan of £101,250 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.

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