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Melton Avenue, Rushey Mead, Leicester

East Midlands

£370,000

Listed on 02/07/2026

Property details

Bedrooms
2
Type
Semi Detached Bungalow
Area
893 sqft

Description

This two-bedroom semi-detached bungalow presents a compelling opportunity for renovation and investment in the sought-after area of Rushey Mead, Leicester. The property is characterized by its charming features, including exposed beams and a wood-burning fireplace, although it retains much of its original character and has been maintained with care. It offers off-street parking for one vehicle and boasts a generous garden that enhances outdoor living potential. With a fully boarded loft accessible via a drop-down ladder, there’s additional space that could be converted to further increase the property's appeal. The layout consists of an entrance porch leading to a spacious lounge, which is brightened by large windows and highlighted by rustic beams. A functional study space opens directly to the enchanting rear garden, while the dining area flows into a kitchen equipped with essential appliances. The two bedrooms are comfortably sized, along with the family bathroom that includes potential for updates or reconfiguration. The external garden showcases stone detailing and a water feature, offering serene outdoor space ideal for enhancements such as landscaping or entertaining areas. With some thoughtful renovations and possible expansion (subject to planning permissions), this property could become an even more inviting home or an attractive rental investment.

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Investment analysis

(LE4 area)

Above Market Value

This property is priced +42.2% above area average per sq ft

+42.2%
This Property
£414/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£286,193
10% above area average per sq ft
Potential ROI
-29.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +2.2%
5 year growth: +20.0%
Investment Disclaimer: Analysis based on LE4 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

Melton Avenue, Rushey Mead, Leicester
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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
£1,398
Based on a loan of £277,500 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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