Back
Property ID: 217369392
Offers Over
£185,000
Location
Culture Close, Melton Mowbray
Size
636
Tenure
Freehold
Bedrooms
2
Type of property
Terraced
Current Yield
5.7%
Monthly Income
£875
Property Information

Our latest listing is a 2-bedroom end-of-terrace house located in Melton Mowbray . It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence.


For investors looking to expand their portfolio, this is a fantastic opportunity!


This well-maintained two-bedroom home features a bathroom and a separate WC, a lounge, and a kitchen. Additional highlights include access to communal residents' parking and a low-maintenance paved rear garden, ideal for hassle-free outdoor living.


Melton Mowbray is celebrated for its rich culinary heritage and quintessential market town charm. The area boasts a range of local amenities and is conveniently close to well-regarded schools, including John Ferneley College. Just a short walk from Melton Country Park, the location offers an ideal blend of peaceful countryside living with easy access to major cities like Nottingham and Leicester.


Investment details


It currently produces an annual gross income of £10,500, which the new owner could increase to a market rate of £13,800 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.


Please see the Let Property Pack linked below for greater details on this property's investment potential.


If you are interested, please call us.


Tenancy Details


The current tenants have been residing in the property for less than a year and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£875
Cashflow p/m
875
Current Yield
null%
Based on potential rent of
£1,150
Cashflow p/m
1150
Potential Yield
null%
Monthly Income
£875 pcm
Potential Rent
£1150 pcm
Length of Tenancy
Moved in within the last 2 years
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
172
Factor Name
unknown
Total Estimated Costs
172
Floor plans
floorplan
Not available for this property
Loading...
Running Costs
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
172
Factor Name
unknown
Total Estimated Costs
172