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Two Steeples Square, Wigston

East Midlands

£250,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
648 sqft

Description

This semi-detached family home, located at the end of a quiet cul-de-sac, presents a valuable opportunity for those looking to invest in a property with renovation potential. While the house is equipped with gas central heating and uPVC double glazing, it requires some modernization and redecoration to reach its full potential as a comfortable living space. The accommodation includes three bedrooms—two spacious doubles and a well-sized single—all featuring fitted furniture that could be updated to enhance their appeal. The ground floor welcomes you with an entrance hall leading to various rooms, including a kitchen fitted with basic units and room for essential appliances. A generous lounge-diner stretches across the back of the house, providing ample space for both relaxation and dining; from here, French doors open directly onto the rear garden. Parking is available for one to two vehicles, and there's potential for further development at the property—subject to obtaining the necessary consents. The rear garden faces west, creating an inviting outdoor space that includes a patio area and lawn with hedged borders, perfect for future landscaping efforts. Situated within walking distance of the town center, this property benefits from easy access to local amenities, schools, and leisure facilities. Built around 2010 on the site of a former factory, the Two Steeples Way development features a mix of housing and offers a communal play area nearby. Wigston itself provides convenient connections to Leicester city center and surrounding countryside through local transport links. As part of the Borough of Oadby & Wigston, Wigston boasts an appealing blend of historical charm and modern conveniences. With its diverse range of shops, restaurants, banks, and leisure options within proximity, this area continues to attract buyers seeking both family-friendly environments and investment possibilities. Given its strategic location approximately five miles south of Leicester and easy access to main roadways and rail services—including routes that take you to London in under an hour—this property represents an excellent opportunity for those looking to make their mark in a vibrant community.

Investment Analysis

(LE18 area)

Above Market Value

This property is priced +35.3% above area average per sq ft

+35.3%
This Property
£386/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£227
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£203,255
10% above area average per sq ft
Potential ROI
-21.8%
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

Two Steeples Square, 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
£916
Based on a loan of £187,500 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