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Holmden Avenue, Wigston

East Midlands

£260,000
Listed on 03/10/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
893 sqft

Description

This three-bedroom semi-detached home is situated on a sought-after road in the vibrant town of Wigston, South Leicester. With its spacious layout and potential for renovation, it presents an exciting project for those looking to personalize their living space or invest in a property with growth opportunities. The interior features a generous open-plan lounge-dining area that offers versatility for both relaxation and entertaining. The kitchen is functional but ripe for modern updates, allowing you to create a culinary haven tailored to your preferences. Each of the three bedrooms offers comfortable quarters, while the family bathroom provides essential amenities. There is also a practical lobby area and an additional WC for convenience. One of the notable advantages of this property is its driveway, which accommodates parking for two vehicles, enhancing accessibility and ease of use. Additionally, there’s significant potential to extend the house further, whether you envision adding more living space or optimizing the layout to better suit family needs. Located within easy reach of Wigston town centre, residents can enjoy access to a range of local shops, schools, and community amenities. This prime location not only supports everyday conveniences but also contributes to the property's investment appeal as it stands in a neighborhood known for its friendly atmosphere. For those considering renovation as part of their investment strategy, this house represents a canvas ready for your vision. With some updating needed throughout, it offers an opportunity to increase value through personalized improvements while maintaining comfort and practicality.

Investment Analysis

(LE18 area)

Above Market Value

This property is priced +1.5% above area average per sq ft

+1.5%
This Property
£291/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£242
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£26,000 - £65,000
10-25% of property value
Target Value
£281,871
10% above area average per sq ft
Potential ROI
-13.3%
After renovation
Monthly Sales
22
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (LE18)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 0.5%
5 year growth: 22.1%
Investment Disclaimer: Analysis based on LE18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Holmden Avenue, Wigston
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