BRICK.
Spinney Close, Melton Mowbray LE13
LE131AA
£360,000
Key numbers
Comp median
£326,000
+10% vs asking
Est. rent
£975/mo
3.3% gross yield
Condition
6/10
Average
SDLT
£16,300
Running costs
£268/mo
2yr trend
+0.4%
fast liquidity
AI Summary
This 3-bedroom detached bungalow in a quiet Melton Mowbray cul-de-sac is being marketed as a renovation project, but at £360,000 the asking price sits meaningfully above the median comparable sale price of £326,000 — buyers should factor in both the purchase premium and likely significant refurbishment costs before proceeding. The floor area of 44m² is unusually small for a 3-bedroom property and warrants careful inspection to understand how the space is configured. A full independent survey is strongly recommended given the age of the property, the absence of interior photos, and the potential for dated systems, insulation deficiencies, and asbestos-containing materials.
Comparable sales - 20 transactions · sector
Median ARV
£326,000
Min
£179,000
Max
£450,000
4 BANBURY DRIVE
£392,000
8 LUDLOW DRIVE
£300,000
6 BOYD ROAD
£425,000
8 SANDY LANE
£440,000
2 BALDOCKS LANE
£292,000
~£975/mo
Based on 16 nearby lettings · range £825–£1,225/mo
Gross yield
3.3%
Median
£975
pcm
Low
£825
pcm
High
£1,225
pcm
£1,225pcm
£1,200pcm
£1,100pcm
£1,100pcm
£1,000pcm
£995pcm
£975pcm
£975pcm
Stamp Duty Land Tax (SDLT) · England & N. Ireland
Purchase price: £360,000 · Effective rate: 4.5%
£16,300
Stamp Duty Land Tax applies in England & Northern Ireland. Higher rates apply to additional properties. First-time buyer relief available on properties up to £500,000.
Due within 14 days of completion. Your solicitor typically handles filing and payment.
Mortgage Brokers
UK-wide online mortgage broker · Free, whole-of-market
Solicitors & Conveyancers
Online conveyancing · Fixed fees from £595 · No completion, no fee
Verified partners selected for your area. Always compare multiple quotes.
AI photo assessment
Condition
6/10
AverageKerb appeal
7/10
Positives from photos
Concerns from photos
Solid brick, as built, no insulation (assumed)
Wall insulation: ~£12,000.
Crime - 188 incidents (2026-01)
Crime data from Police UK. Covers incidents reported within approximately 1 mile.
Low coal mining risk
Estimated monthly costs
£268/mo
EPC certificate (heating + hot water + lighting)
Estimated Band B from 44m² floor area
Regional average (local provider)
Estimated UK average
Estimated from 44m² (detached bungalow)
These are estimates based on averages and EPC data. Actual costs will vary depending on usage, provider, and local authority rates.
Moderate transaction volume in this area.
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BRICK. Property Intelligence
Report prepared 1 April 2026
Data sources
HM Land Registry, EPC Register, Environment Agency, Police UK, OpenStreetMap, planning.data.gov.uk, Coal Authority, SpareRoom, and portal listing data. Market statistics derived from 30M+ recorded transactions.
Important
This report is for informational purposes only and does not constitute financial, legal, or investment advice. Property values, costs, and market data are estimates based on publicly available sources. While we strive for accuracy, we make no warranties about the completeness or reliability of the information. Always conduct your own due diligence and seek independent professional advice before making property decisions. Brickstack Ltd accepts no liability for any loss arising from the use of this report.
BRICK. Property Intelligence
Data: HM Land Registry, EPC Register, Environment Agency, Police UK, OpenStreetMap, planning.data.gov.uk, Coal Authority. Market statistics from 30M+ transactions.
This report is for informational purposes only and does not constitute financial, legal, or investment advice. Property values, costs, and market data are estimates based on publicly available sources. Always conduct your own due diligence and seek independent professional advice before making property decisions. Brickstack Ltd accepts no liability for any loss arising from the use of this report.
9 April 2026 | brickstack.co.uk