New Road, Melton Mowbray, LE14
FI

New Road, Melton Mowbray, LE14

By Fine & Country

£ 1,195,000

Reviews

3 out of 5 stars

Fine & Country says ..

Drift House is a substantial, six-bedroom home with south facing garden and spectacular countryside views

Property Oracle says ..

This substantial property in Gaddesby, Leicestershire, presents a compelling proposition for buyers seeking a spacious home in a tranquil rural setting. The property’s size (4,533 sqft) and five bedrooms comfortably accommodate a large family. The extensive grounds, boasting sweeping countryside views, represent a major selling point, providing ample space for outdoor activities and relaxation. The images reveal well-maintained interiors, including a modern kitchen and updated bathrooms, yet some of the design choices may require updating to suit modern tastes. The home is in good condition, although some potential buyers might opt to upgrade decor to meet their preferences. The location offers a balance between peaceful village life and access to the amenities of Melton Mowbray. However, the proximity to schools should be individually assessed by families with children. While the property’s size, location, and substantial land are highly attractive, the asking price reflects the premium commanded by large properties in desirable rural areas. Potential buyers should carefully evaluate the property against their budget and desired level of refurbishment before making an offer. The lack of readily available comparative data makes an exact price-per-square-foot analysis impossible, therefore pricing should be compared against similarly sized properties in rural Leicestershire to properly gauge the value proposition. The estate agent description highlights this as a ‘substantial’ property which helps inform buyers about the high value and larger than average space.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
7
Location
7
Land
9
Bedrooms
5
Bathrooms
3
Sqft (est)
4,533.00
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Leaflet © OpenStreetMap contributors

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
717,932.00 £
Increased by 4.43 %
from 687,496.00 £
Est sale value
1,935,591.00 £
Increased by 8.65 %
from 1,781,469.00 £
Average area rental value
1,474.00 £/mo
Increased by 21.02 %
from 1,218.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
2.46 %
Increased by 15.49 %
from 2.13 %
Crime Rate
160.00 %
Unchanged by 0.00 %
from 160.00 %

Agent Activity

  • Fine & Country created the listing.

Nearby Schools

NameTypeOfstedDistance
Birch Wood (Melton Area Special School)Community Special SchoolGood1.80 KM
Melton Vale Sixth Form CollegeAcademy 16-19 Converter1.94 KM
Sherard Primary SchoolAcademy Sponsor Led2.25 KM
Brownlow Primary SchoolAcademy ConverterGood3.28 KM
The Edge Sure Start Children'S CentreChildren's Centre3.48 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Dog Lane £ 1,195,00000.00 KM
The Close £ 655,00000.00 KM
Essex Close £ 616,66700.00 KM
King Edward Avenue £ 000.00 KM
Woodland Avenue £ 216,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Melton Mowbray1851MMO3.57 KM

Nearby Listings

AddressPriceTypeScoreDistance
New Road, Melton Mowbray, LE14 £ 1,195,000BUY7 / 100.00 KM
Burton Lazars, Melton Mowbray £ 274,000BUY6 / 100.33 KM
Burton Lazars, Melton Mowbray £ 675,000BUY7 / 100.39 KM
Child Close, Burton Lazars, Melton Mowbray £ 585,000BUYUnknown0.80 KM
Lime Street, Burton Lazars, Melton Mowbray, LE14 £ 499,950BUYUnknown1.00 KM

Nearby Properties

AddressPriceDistance
7 Barnard Close £ 365,0000.07 KM
14 Hollow Lane £ 370,0000.19 KM
3 New Road £ 230,0000.30 KM
2a New Road £ 238,0000.30 KM
11 New Road £ 220,0000.30 KM