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Kingston Avenue, Wigston

East Midlands

£220,000
Listed on 24/09/2024

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom semi-detached property in the heart of Wigston, Leicester, presents an opportunity for both first-time buyers and seasoned investors. The location is convenient, with schools, shopping options, and bus routes just a short distance away, enhancing its appeal for families and commuters alike. Upon entry, the hallway leads into a spacious lounge featuring a bay window and a gas fireplace, providing a comfortable space for relaxation or entertaining. Adjacent to the lounge is the kitchen, equipped with essential appliances and ample cabinetry. This area also grants access to both the garden and a practical downstairs shower room. Upstairs are two generously-sized bedrooms that offer built-in wardrobes and ample natural light from their windows. A separate WC adds to the functionality of this level. The layout allows for customization; with some renovation work, these bedrooms could be transformed into stylish retreats or even reconfigured to enhance flow and space. The property's outdoor areas include a front drive providing off-street parking as well as side access leading to the rear garden. This space features a patio area ideal for outdoor dining or leisure activities, along with a shed for additional storage. Given its solid structure and prime location, there is significant potential to enhance this property’s value through thoughtful renovations. Whether you're looking to make this your first home or seeking an investment project in an area with high demand, this property offers an excellent foundation for future improvements.

Investment Analysis

(LE18 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£227
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
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

Kingston Avenue, 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
£806
Based on a loan of £165,000 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