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Fayrefield Road, Melton IP12

East of England

£385,000

Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1082 sqft

Description

This three-bedroom semi-detached property, located on a peaceful no-through street in Melton, showcases considerable potential for enhancement and expansion (subject to planning permission). With its ample living space and expansive rear garden, the home offers an inviting backdrop for family life while also providing opportunities for savvy investors or renovation enthusiasts. The residence benefits from modern conveniences such as high-speed fibre broadband, enhancing its appeal for contemporary living. Upon arrival, the block-paved driveway ensures off-road parking and leads to a side entrance with access to the impressively sized garden and detached garage. Stepping inside, the welcoming entrance hall connects to various ground floor rooms. The spacious sitting room features a large window allowing plenty of natural light and is enhanced by a modern gas fire that serves as a pleasant focal point. This area seamlessly transitions into the dining room, providing an open-plan layout that is ideal for both daily use and gatherings. The dining space boasts views of the garden and flows directly into the kitchen. The kitchen includes a mix of wall and base units along with integrated appliances, offering practicality and scope for reconfiguration or updating if desired. A lean-to extension at the back enhances usability with additional storage options. Upstairs reveals three generously-sized bedrooms, with the principal bedroom featuring extensive built-in wardrobes. The first-floor family bathroom is modern but could benefit from cosmetic updates. The property's standout feature is undoubtedly its sizable rear garden, primarily laid to lawn and bordered by mature hedges, providing privacy along with significant landscaping or extension possibilities (pending appropriate consents). Additionally, the detached garage offers further utility as storage or a workshop space. This property is poised for transformation with thoughtful improvements—perfectly positioned near local amenities in both Melton and Woodbridge while maintaining easy access to transport links.

Investment Analysis

(IP12 area)

Below Market Value

This property is priced -0.2% below area average per sq ft

-0.2%
Potential saving
This Property
£356/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£275
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£424,187
10% above area average per sq ft
Potential ROI
-0.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (IP12)

Area prices are stable by -0.7% over the last 12 months
3 year growth: -8.9%
5 year growth: -1.7%
Investment Disclaimer: Analysis based on IP12 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

Fayrefield Road, Melton IP12
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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
£1,454
Based on a loan of £288,750 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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