99 Main Street, Asfordby, Melton Mowbray, Leicestershire, LE14 3RZ
East Midlands
£125,000Guide Price
Listed on 23/10/2026
Listed on 23/10/2026
The listing
Property details
Bedrooms
2Type
Semi DetachedArea
635 sqftFeatures
- Garden
Description
Offered at auction, this two-bedroom semi-detached property is set in the centre of Asfordby and is accessed through double gates between neighbouring properties on Main Street. The accommodation comprises an entrance hall, two reception rooms, a kitchen with pantry, two first-floor bedrooms, a bathroom and a separate WC. Gas central heating is stated, and the EPC rating is F, band 34.
The house stands on a plot of approximately 0.10 acres, with gardens to the front, side and rear. The listing describes the property as requiring complete modernisation. The freehold sale is scheduled for public auction on 17 November 2026.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
59out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £125,000, this is a notably cheap acquisition against the local £/sqf benchmark, and the double-bay brick frontage, two reception rooms and gardens around a roughly 0.10-acre plot give the project some character and scope. The photographed interiors have worn floors and marked, dated finishes, while the garden is heavily overgrown; clearing and improving the outdoor space is part of the opportunity. The £45,000–£85,000 works range makes this a substantial project, and the midpoint purchase-plus-works figure is above the stated local-average value benchmark, so the low entry price does not by itself make the overall economics compelling. Limited photo coverage makes the renovation estimate further provisional.
Key opportunities
- Use the two reception rooms and traditional bay-fronted character as the basis for a considered interior rework.
- Clear and reclaim the front, side and rear gardens, making better use of the approximately 0.10-acre plot.
- Acquire at a low price against the local £/sqf benchmark, leaving scope to add value through a full modernisation.
Key risks
- Worn floors and marked finishes across the photographed interiors, together with the overgrown garden, point to a £45,000–£85,000 full-project budget and a longer programme than a cosmetic refresh.
- At the £65,000 renovation midpoint, purchase plus works totals £190,000 against an implied local-average value of £183,198; this is a benchmark comparison, not a renovated GDV.
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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
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