3 bed semi-detached house for sale

Lake Terrace, Melton Mowbray LE13

Summary

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.

Council Tax Band: B
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.