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Blaby Road, Wigston

East Midlands

£415,000
Listed on 17/07/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2690 sqft

Description

This mixed-use building presents a compelling opportunity for investors and renovators alike, situated prominently on Blaby Road High Street. The substantial layout features eight bedrooms, ideal for those looking to maximize rental potential or create a sizable residential space. The property is designed with three shared bathrooms, enhancing convenience for residents. The ground-floor office space adds versatility, offering options for various commercial endeavors. Spread over three floors, the building allows for customization to meet specific needs, whether that involves expanding the residential units or optimizing the commercial area. Additionally, this property is being marketed alongside 8 Station Street, creating an expansive investment prospect for those interested in long-term rental opportunities. The potential for development exists here, subject to planning regulations, making it a prime candidate for thoughtful renovations that could yield significant returns. Located in a vibrant area with easy access to local shops, schools, and parks, this property benefits from its proximity to essential amenities. Major retailers like Tesco and Lidl are nearby, while South Wigston Train Station offers convenient transportation options to surrounding regions. In terms of infrastructure, mains gas, electricity, water, and drainage are connected; however, interested parties should conduct their own inquiries into the condition of these services. The property falls under a freehold tenure and does not have any listed building restrictions or tree preservation orders that could complicate future renovations. For buyers seeking a project with notable renovation potential in a desirable location—where community amenities and transport links converge—this mixed-use building represents a unique chance to invest in both residential and commercial growth.

Investment Analysis

(LE18 area)

Below Market Value

This property is priced -45.9% below area average per sq ft

-45.9%
Potential saving
This Property
£154/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£227
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£843,759
10% above area average per sq ft
Potential ROI
+70.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE18)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -0.4%
5 year growth: 19.2%
Investment Disclaimer: Analysis based on LE18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Blaby Road, Wigston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,520
Based on a loan of £311,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE