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 %
- Est sale value
- 386,400.00 £Increased by 17.20 %
- Average area rental value
- 4,211.00 £/moIncreased by 103.92 %
- Est letting value
- 2,100.00 £/moIncreased by 200.00 %
- Est rental Yield
- 7.42 %Increased by 85.96 %
- Crime Rate
- 15.00 %Unchanged by 0.00 %
Agent Activity
NCHA Sales created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Long Field Spencer Academy | Academy Converter | Good | 0.20 KM |
| The Grove Primary School | Academy Converter | Requires improvement | 0.67 KM |
| Saint Francis Catholic Primary School | Academy Converter | 1.03 KM | |
| The Cove Sure Start Children'S Centre | Children's Centre | 1.14 KM | |
| Swallowdale Primary School And Community Centre | Academy Converter | Requires improvement | 1.37 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Stirling Road | £ 0 | 0 | 0.00 KM |
| Lander Close | £ 0 | 0 | 0.00 KM |
| Harrison Drive | £ 0 | 0 | 0.00 KM |
| Bailey Crescent | £ 0 | 0 | 0.00 KM |
| Davenport Close | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Melton Mowbray | 1851 | MMO | 1.44 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Lake Terrace, Melton Mowbray, Leicestershire, LE13 | £ 77,000 | BUY | Unknown | 0.00 KM |
| Lake Terrace, Melton Mowbray, Leicestershire, LE13 | £ 110,000 | BUY | Unknown | 0.00 KM |
| Lake Terrace, Melton Mowbray, Leicestershire, LE13 | £ 55,000 | BUY | 7 / 10 | 0.00 KM |
| Lake Terrace, Melton Mowbray, Leicestershire, LE13 | £ 87,500 | BUY | 6 / 10 | 0.00 KM |
| Halifax Drive, Melton Mowbray | £ 140,000 | BUY | 6 / 10 | 0.20 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 27 Lake Terrace | £ 114,000 | 0.00 KM |
| 46 Lake Terrace | £ 108,000 | 0.00 KM |
| 55 Lake Terrace | £ 97,500 | 0.00 KM |
| 2 Lake Terrace | £ 55,781 | 0.00 KM |
| 31 Lake Terrace | £ 145,000 | 0.00 KM |