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Kirby Lane, Melton Mowbray

East Midlands

£125,000

Listed on 09/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
653 sqft

Description

This three-bedroom terraced house presents a promising opportunity for renovation, situated on the edge of a desirable residential area with picturesque countryside views. The property is offered with no upward chain, making it an appealing option for potential buyers looking to invest in a project. Upon entry, you are welcomed into a hallway leading to a spacious lounge featuring a multi-fuel log burner, ideal for creating a cozy atmosphere. The kitchen dining room is equipped with a range of eye and base level units, offering ample storage and workspace, along with plumbing for essential appliances. Natural light floods the space through the window and part-glazed door that opens to the rear garden. The first floor comprises three bedrooms, each with windows providing lovely views of the surrounding countryside. The bathroom includes a three-piece suite with an independent shower over the bath, catering to modern living needs. Externally, the front and rear gardens are primarily laid to lawn and require attention, presenting an opportunity for landscaping and improvement. The property also features a brick-built outbuilding in the rear garden, which could serve various purposes once refurbished. This home is conveniently located near local amenities, schools, and transport links, enhancing its appeal for families and investors alike.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

77out of 100
Grade BGood opportunity

Confidence: MEDIUM

This three-bedroom terraced house presents a solid opportunity for renovation enthusiasts, especially given its asking price of £125,000, which is notably cheap at £191/sqf compared to the local average of £261/sqf. With a significant margin for value creation, this property allows for extensive improvements throughout, from modernizing the dated interiors to transforming the overgrown garden into a delightful outdoor space. The countryside views from several rooms add a unique charm that can be capitalized on with thoughtful design.

While the property requires substantial refurbishment, with significant wear observed throughout including stained walls and dated carpets, the potential to reconfigure and enhance the living space is considerable. The kitchen and bathroom are both in need of modernization, providing a canvas for someone to create a fresh and appealing home. The exterior and roof also show signs of age, presenting further opportunities to elevate the property’s curb appeal and functionality. Overall, this is a project that could yield great rewards for the right buyer willing to invest time and resources.

Key opportunities

  • Transform the overgrown garden into a beautiful outdoor space, enhancing curb appeal and usability.
  • Modernize dated interiors, including the living room, kitchen, and bathroom, to create a contemporary family home.
  • Capitalize on the countryside views from several rooms by designing spaces that highlight these appealing aspects.

Key risks

  • Stripped interiors and a £20,000–£30,000 works budget make this a full-gut programme, not a refresh.
  • Significant wear and potential damp issues observed throughout the property could escalate renovation costs.

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Location

Kirby Lane, Melton Mowbray
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£472
Based on a loan of £93,750 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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