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Hillside Avenue, Melton Mowbray

East Midlands

£240,000

Listed on 08/07/2026

Property details

Bedrooms
2
Type
Bungalow
Area
1059 sqft

Description

This two-bedroom dormer bungalow presents a promising investment opportunity with substantial potential for modernization and improvement. Situated on a sizable plot in a well-established residential area, this property is ideally positioned for those looking to create their dream home or capitalize on the expanding market. The accommodation includes a spacious loft room, currently quite basic, which could be transformed into additional living space given proper renovation. The main areas, including the kitchen and lounge with its original features like a gas fire, offer plenty of scope for updating while maintaining their charm. The generous rear garden is a blank canvas, suitable for landscaping or gardening enthusiasts. With no upward chain, this property is ripe for transformation and awaits the vision of its new owner.

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Investment analysis

(LE13 area)

Below Market Value

This property is priced -13.0% below area average per sq ft

-13.0%
Potential saving
This Property
£227/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£303,456
10% above area average per sq ft
Potential ROI
+10.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE13)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -8.1%
5 year growth: +9.0%
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

Hillside Avenue, 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
£907
Based on a loan of £180,000 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

Next Steps

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