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Scalford Road, Melton Mowbray

East Midlands

£275,000

Listed on 14/07/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
899 sqft

Description

This two-bedroom detached bungalow presents a promising investment opportunity for those looking to make their mark. Situated on a spacious corner plot, the property is ripe for updating and offers the potential for further development (subject to planning permission). Inside, you'll find a generous entrance hall leading to a dual-aspect kitchen breakfast room and a light-filled lounge dining area featuring a cozy gas fire. Both bedrooms are double-sized, with ample space for storage. The bathroom includes essential fixtures but could benefit from modernisation. Outside, the garden wraps around the home and is mostly laid to lawn, providing an excellent canvas for landscaping or extension possibilities. The property also includes a brick-built detached garage, adding convenience and storage options. Located conveniently close to town amenities and schools, this bungalow not only invites renovation but also promises future value appreciation with thoughtful upgrades.

Investment analysis

(LE13 area)

Above Market Value

This property is priced +17.4% above area average per sq ft

+17.4%
This Property
£306/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£257,608
10% above area average per sq ft
Potential ROI
-14.1%
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

Scalford Road, 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
£1,039
Based on a loan of £206,250 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.

Stamp duty calculator

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