The Drive, Melton Mowbray
MI

The Drive, Melton Mowbray

By Mike Ford Estate Agents & Valuers LTD

£ 550,000

Reviews

4 out of 5 stars

Mike Ford Estate Agents & Valuers LTD says ..

A rare and exciting opportunity to acquire this attractive bay fronted and well extended four double bedroom detached property which offers versatile accommodation and which occupies a pleasant cul de sac position within this sought after residential area on the south side of town.

Property Oracle says ..

This property is a 4 bedroom, 3 bathroom detached house located on The Drive in Melton Mowbray, Leicestershire. The property benefits from a good sized garden and is conveniently located close to Melton Mowbray train station (0.38km). There are also several schools within a reasonable distance, including The Edge Sure Start Children’s Centre (0.22km), Saint Francis Catholic Primary School (0.24km), and Swallowdale Primary School (0.71km). The property itself appears to be well-maintained and in good condition, with a modern kitchen and updated bathrooms. The list price of £550,000 is slightly below the average price for the area (£717,932), and given the size of the property (1,535.98 sqft) and its condition, it could represent good value for money. However, it is important to note that the average price per sqft in the area is £427, and this property is slightly smaller than average. More information on the plot size would be beneficial to fully assess the land value. Additional information regarding the condition of the property and any potential repairs or renovations needed would also be useful.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
9
Location
8
Land
7
Bedrooms
4
Bathrooms
3
Sqft (est)
1,535.98

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
847,860.96 £
Increased by 17.20 %
from 723,446.58 £
Average area rental value
4,211.00 £/mo
Increased by 103.92 %
from 2,065.00 £/mo
Est letting value
4,607.94 £/mo
Increased by 200.00 %
from 1,535.98 £/mo
Est rental Yield
7.42 %
Increased by 85.96 %
from 3.99 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Mike Ford Estate Agents & Valuers LTD created the listing.

Nearby Schools

NameTypeOfstedDistance
The Edge Sure Start Children'S CentreChildren's Centre0.22 KM
Saint Francis Catholic Primary SchoolAcademy Converter0.24 KM
Swallowdale Primary School And Community CentreAcademy ConverterRequires improvement0.71 KM
The Grove Primary SchoolAcademy ConverterRequires improvement1.26 KM
Long Field Spencer AcademyAcademy ConverterGood1.40 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Drive £ 375,00000.00 KM
Kenmore Road £ 000.00 KM
Church Street £ 000.00 KM
Leicester Place £ 000.00 KM
Fox Yard £ 90,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Melton Mowbray1851MMO0.38 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Drive, Melton Mowbray £ 550,000BUY8 / 100.00 KM
The Drive, Melton Mowbray, LE13 0BT £ 400,000BUY7 / 100.00 KM
Dalby Road, Melton Mowbray £ 450,000BUY7 / 100.04 KM
The Drive, Melton Mowbray £ 475,000BUY7 / 100.07 KM
Ashton Close, Melton Mowbray, LE13 £ 185,000BUY6 / 100.12 KM

Nearby Properties

AddressPriceDistance
8 The Drive £ 207,0000.01 KM
7 The Drive £ 170,0000.01 KM
11 The Drive £ 250,0000.01 KM
1 Ashton Close £ 180,0000.12 KM
11 Ashton Close £ 160,0000.12 KM