Lake Terrace, Melton Mowbray, LE13

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £155,000.

Investment Opportunity with Value-Add Potential 

Situated in a quiet cul-de-sac on the south side of town, this three-bedroom semi-detached property represents a strong opportunity for investors or developers. Requiring updating throughout, the property offers clear scope to add value through refurbishment and modernisation. Offered with no onward chain, it’s well suited for a straightforward purchase and quick turnaround.

 

Internal Layout & Potential

The ground floor comprises an entrance hallway leading to a front-facing reception room with an L-shaped layout, providing flexibility to reconfigure into a more contemporary open-plan living/dining space if desired. A kitchen is located to the rear with direct garden access, presenting further scope for extension (subject to planning).

A ground floor bathroom is also in place, which could be reconfigured or relocated depending on the chosen layout.

Upstairs, there are two good-sized double bedrooms and a third single room, offering a practical rental or resale configuration for families, sharers, or first-time buyers.

 

External & Development Scope

To the front, a sizeable driveway provides off-street parking for multiple vehicles — a key selling point for both resale and rental markets.

The rear garden benefits from a south-westerly aspect, increasing desirability for occupiers. Its size and layout offer potential for landscaping improvements or extension opportunities (STPP), adding further value.

 Location Benefits

The property is positioned within an established residential area with consistent demand, offering convenient access to the town centre, local amenities, and schools. Its proximity to green space enhances long-term resale and rental appeal.

Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information simply speak to someone in our branch today. We can refer you on to The Mortgage Advice Bureau for help with finance. We may receive a fee of £200 + VAT, if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to Move With Us Conveyancing. We may receive a fee of £200 + VAT, if you use their services.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

EPC rating: D. Tenure: Freehold,