Lake Terrace, Melton Mowbray, Leicestershire, LE13
NC

Lake Terrace, Melton Mowbray, Leicestershire, LE13

By NCHA Sales

£ 87,500

Reviews

3 out of 5 stars

NCHA Sales says ..

35% Shared Ownership of a three-bedroom semi-detached house for £87,500. Monthly rent on remaining share is £372.40 In addition, there will be a monthly service charge of £41.45. There is no ground rent to pay.

Property Oracle says ..

This three-bedroom property in Melton Mowbray, Leicestershire, presents as a modern and well-maintained home. The images showcase a contemporary interior design with a clean and stylish finish. The property’s proximity to Long Field Spencer Academy, rated ‘Good’ by Ofsted, is a significant advantage for families. However, the listing mentions that this is a 35% shared ownership property, which is a crucial factor affecting its overall assessment. More detail is needed to fully assess the location’s amenities and services. The size of the garden also requires further information before a complete evaluation can be made. The price, while seemingly low, needs further analysis to fully evaluate its fairness relative to the local market in light of the shared ownership structure. The absence of square footage data for comparable properties further impacts this conclusion. Potential buyers should carefully consider the implications of shared ownership, including ongoing rental and service charges, when assessing the overall value and affordability.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
9
Location
7
Land
4
Bedrooms
3
Bathrooms
1
Sqft (est)
700.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
681,429.00 £
Increased by 9.78 %
from 620,704.00 £
Est sale value
386,400.00 £
Increased by 17.20 %
from 329,700.00 £
Average area rental value
4,211.00 £/mo
Increased by 103.92 %
from 2,065.00 £/mo
Est letting value
2,100.00 £/mo
Increased by 200.00 %
from 700.00 £/mo
Est rental Yield
7.42 %
Increased by 85.96 %
from 3.99 %
Crime Rate
15.00 %
Unchanged by 0.00 %
from 15.00 %

Agent Activity

  • NCHA Sales created the listing.

Nearby Schools

NameTypeOfstedDistance
Long Field Spencer AcademyAcademy ConverterGood0.20 KM
The Grove Primary SchoolAcademy ConverterRequires improvement0.67 KM
Saint Francis Catholic Primary SchoolAcademy Converter1.03 KM
The Cove Sure Start Children'S CentreChildren's Centre1.14 KM
Swallowdale Primary School And Community CentreAcademy ConverterRequires improvement1.37 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Stirling Road £ 000.00 KM
Lander Close £ 000.00 KM
Harrison Drive £ 000.00 KM
Bailey Crescent £ 000.00 KM
Davenport Close £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Melton Mowbray1851MMO1.44 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lake Terrace, Melton Mowbray, Leicestershire, LE13 £ 77,000BUYUnknown0.00 KM
Lake Terrace, Melton Mowbray, Leicestershire, LE13 £ 110,000BUYUnknown0.00 KM
Lake Terrace, Melton Mowbray, Leicestershire, LE13 £ 55,000BUY7 / 100.00 KM
Lake Terrace, Melton Mowbray, Leicestershire, LE13 £ 87,500BUY6 / 100.00 KM
Halifax Drive, Melton Mowbray £ 140,000BUY6 / 100.20 KM

Nearby Properties

AddressPriceDistance
27 Lake Terrace £ 114,0000.00 KM
46 Lake Terrace £ 108,0000.00 KM
55 Lake Terrace £ 97,5000.00 KM
2 Lake Terrace £ 55,7810.00 KM
31 Lake Terrace £ 145,0000.00 KM