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About This Property

Discover what makes this home special

The Drake is a charming semi-detached home located in the heart of Melton Mowbray, offering a perfect blend of comfort and convenience. This two-bedroom property features a spacious lounge, an open-plan kitchen and dining area, a utility room, and a well-appointed family bathroom. Ideal for first-time buyers or small families, The Drake provides a welcoming living space with modern finishes and thoughtful design. The rear garden faces south-east, ensuring pleasant morning and early afternoon sunlight, perfect for outdoor relaxation or entertaining guests.

Situated in a friendly community, this property benefits from easy access to local amenities, schools, and transport links. Melton Mowbray’s rich heritage and vibrant town centre add to the appeal, making The Drake a desirable home in a sought-after location. Whether you’re commuting to Leicester or Nottingham, or enjoying the local markets and parks, this property offers an excellent lifestyle opportunity.

Property Features

The Drake boasts a practical layout with a bright open-plan kitchen and dining area that flows into a utility room, enhancing functionality. The spacious lounge provides a comfortable space for relaxation, while both bedrooms offer ample room for rest and storage. The south-east facing garden benefits from good morning and early afternoon sun, ideal for gardening enthusiasts or outdoor dining. Off-street parking adds convenience for residents and visitors alike.

South-East facing gardenUtility roomOpen-plan kitchen/diningSpacious loungeTwo double bedroomsFamily bathroom+1

Local Amenities

Located in Melton Mowbray, this property enjoys proximity to a variety of amenities including the famous Melton Mowbray Market, which offers fresh local produce and crafts. Educational needs are well catered for with John Ferneley College nearby. The local Asda Superstore and a range of shops, pubs, and cafes provide everyday convenience. Outdoor enthusiasts will appreciate Melton Country Park, perfect for walks and family activities. The nearby railway station connects residents to Leicester and Nottingham, supporting easy commuting options.

Melton Mowbray MarketJohn Ferneley CollegeMelton Mowbray Railway StationAsda SuperstoreMelton Country ParkLocal pubs and cafes
Melton Mowbray Railway Station Train Station (1.3 miles, 6 mins drive) • 40 mins by train to Leicester

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£232,500
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£232,500
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
65/100
ChallengingModerateGoodExcellent
Affordable entry price
Limited direct international transport links
Stable rental demand from local workforce

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£232,500
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
5.0%
Based on £969/mo rent
Area Price Growth
+1.7%
Average annual increase
5-Year Value Forecast
£252,449
+£19,949 projected gain
5-Year Rent Forecast
£1,225/mo
Based on 4.8% annual growth
Price per Sq Ft£274
Annual Rent Income£11,628
10-Year ROI200%
Break-Even Point18 yrs

Property Value Projection

Based on 1.7% annual growth
£252,449
5yr
£274,109
10yr
£297,629
15yr
£323,166
20yr
£350,894
25yr
Current: £232,500

Monthly Rental Income

Based on 4.8% annual growth
£1,225
5yr
£1,549
10yr
£1,958
15yr
£2,475
20yr
£3,129
25yr
Current: £969/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplans

Ground Floor

Property Floorplan

Site Plan

Location

Commute Time Planner

Leicester
40 mins
30 mins
Nottingham
50 mins
45 mins

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
7h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Lounge
Morning Moderate
Afternoon Good
Evening Low
Kitchen/Dining
Morning Good
Afternoon Excellent
Evening Moderate
Bedrooms
Morning Moderate
Afternoon Moderate
Evening Low

Location Scores

55
Walk Score
Somewhat Walkable
40
Transit Score
Some Transit
48
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Commercial and Residential+Positive Impact
Melton Mowbray Town Centre Regeneration
0.8 milesEst. 2027
* Information based on local planning applications and may be subject to change

Loading location insights...

£232,500
AvailableNB0000013836
View Location Analytics

The Drake

Melton Mowbray, Melton Mowbray LE13 1LH
Stapleford Heights
2
Bedrooms
1
Bathrooms
850
Est. Sq ft
semi detached
Type

Developer

Bloor Homes
Available Plot Numbers
Plot 155
1 plot(s) available
Ownershipfreehold

Request Information

£232,500The Drake

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The Drake
The DrakeMelton Mowbray£232,500

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