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Windmill Bank, Wigston, LE18

East Midlands

£270,000

Listed on 05/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
901 sqft

Description

This two-bedroom detached bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. Situated on an oversized plot in a tranquil cul-de-sac in Wigston, the bungalow requires comprehensive refurbishment throughout, making it perfect for buyers interested in crafting a personalized home. With off-road parking and a garage, along with expansive rear gardens, there is ample space to consider extensions or additional improvements, subject to planning permissions. The interiors consist of an entrance hall leading into a lounge filled with natural light from its front-facing window, and a kitchen that offers the possibility of becoming the heart of the home once modernized. The two bedrooms are generously proportioned, featuring fitted storage solutions, while the bathroom includes essential fixtures that could be upgraded for better functionality. Outside, the garden has landscaping elements that provide low-maintenance appeal; however, it can be transformed into a more versatile outdoor living area. This property stands as an excellent canvas for renovation enthusiasts aiming to establish their ideal residence within a sought-after neighbourhood.

Investment Analysis

(LE18 area)

Above Market Value

This property is priced +3.7% above area average per sq ft

+3.7%
This Property
£300/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£233
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£286,527
10% above area average per sq ft
Potential ROI
-14.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LE18)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -3.7%
5 year growth: +13.9%
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

Windmill Bank, Wigston, LE18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,020
Based on a loan of £202,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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