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Homestead Drive, Wigston, Leicestershire, LE18 - Image 1
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Homestead Drive, Wigston, Leicestershire, LE18

East Midlands

£220,000

Listed on 08/07/2026

Property details

Bedrooms
2
Type
Bungalow
Area
812 sqft

Description

This well-kept two-bedroom semi-detached bungalow offers significant renovation potential on an appealing plot within a desirable residential neighborhood. Ideally located near a variety of local amenities such as supermarkets, shops, and dining options, the property also benefits from convenient access to leisure and medical facilities. While many of these conveniences are within walking distance, the presence of a reliable bus route makes for easy travel to further afield areas. The property includes the possibility for extension and a garage that could be converted to increase usable space. Although it has been well-maintained—with cavity wall insulation added around 15 years ago and a new boiler installed in 2021—there remains ample opportunity for modernisation which could add considerable value. Accessed via a covered side entrance, the bungalow opens into an entrance hall leading to all main rooms. The 'L'-shaped lounge diner is spacious and bright, featuring two large front windows that invite natural light in. A central fireplace serves as an inviting focal point in this versatile living area. The kitchen has been slightly enlarged by moving an internal wall, allowing for fitted units and essential appliances including space for a cooker, fridge, and plumbing for a washing machine. Both bedrooms offer views of the rear garden, with the principal bedroom boasting built-in wardrobes, while the second bedroom also includes additional storage space. The shared bathroom features standard fittings including a bath with shower over. To enhance curb appeal, the front of the bungalow includes off-road parking alongside access to the garage with power and lighting. The private rear garden is enclosed by timber fencing and features both a paved patio and lawn with planted borders, along with dedicated areas for vegetable gardening and a greenhouse. Overall, this charming bungalow presents an excellent opportunity for buyers looking to invest in or create their dream home through renovation.

Investment analysis

(LE18 area)

Below Market Value

This property is priced -5.9% below area average per sq ft

-5.9%
Potential saving
This Property
£271/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£241
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£257,108
10% above area average per sq ft
Potential ROI
+4.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LE18)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -3.4%
5 year growth: +10.9%
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

Homestead Drive, Wigston, Leicestershire, 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
£831
Based on a loan of £165,000 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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