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South Avenue, Wigston

East Midlands

£275,000

Listed on 27/06/2026

Property details

Bedrooms
3
Type
House
Area
1388 sqft

Description

This semi-detached home, currently configured as a spacious 3/4 bedroom property, offers a remarkable opportunity for those seeking a renovation project with significant potential for customization and growth. Situated in the East Midlands, the property is available without any upward chain, making it an attractive option for first-time buyers or families looking to invest in their future. While the home requires general updating, it boasts generous living spaces that can easily be adapted to meet modern needs. The naturally lit lounge features a bay window and a traditional fireplace, creating a comfortable area for both relaxation and entertainment. The adjacent dining room is perfect for hosting gatherings, offering direct access to an expansive rear garden through French doors. The compact kitchen includes essential fixtures and leads to a utility room with additional storage, which could be enhanced further during renovations. Upstairs, three spacious bedrooms provide ample accommodation, while the former fourth bedroom has already been converted into a shower room—easily reversible if more sleeping space is required. A family bathroom and separate WC increase the home's practicality. Outside, the extensive garden is well-established with mature trees and shrubs, providing an excellent outdoor area for children or gardening enthusiasts. There’s also potential to create off-road parking at the front of the house with the right permissions. With gas central heating and double glazing already installed, this home not only presents an immediate investment opportunity but also allows for long-term value appreciation as renovations are completed.

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Investment analysis

(LE18 area)

Below Market Value

This property is priced -31.5% below area average per sq ft

-31.5%
Potential saving
This Property
£198/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£233
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£441,398
10% above area average per sq ft
Potential ROI
+40.1%
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

South Avenue, Wigston
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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
£1,039
Based on a loan of £206,250 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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