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Homestead Drive, Wigston, LE18

East Midlands

£300,000

Listed on 21/07/2026

Property details

Bedrooms
4
Type
Semi Detached
Area
1518 sqft

Description

This four-bedroom semi-detached home offers significant renovation potential and is located on a generously sized plot with an appealing rear garden that enjoys privacy. While the property requires a comprehensive modernization, it presents an excellent opportunity for expansion (subject to planning permissions) in a desirable area on the outskirts of Wigston. The layout includes a porch that opens into an entrance hall leading to a spacious lounge with a bay window and fireplace, flowing through double doors to a dining room and conservatory. The kitchen, featuring various wall and base units along with spaces for appliances, connects to additional utility areas. Upstairs, you'll find three comfortably sized double bedrooms and one well-proportioned single bedroom, with both the master and second bedroom having built-in wardrobes. The family bathroom is equipped with essential amenities including a bath with overhead shower. Externally, the property boasts a driveway providing parking for two vehicles and an integral garage, alongside expansive rear gardens adorned with patio areas and mature shrubs. An early viewing is recommended to explore its full potential.

Investment analysis

(LE18 area)

Below Market Value

This property is priced -31.3% below area average per sq ft

-31.3%
Potential saving
This Property
£198/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£241
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£65,000 - £90,000
Target Value
£480,652
10% above area average per sq ft
Potential ROI
+23.2%
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, 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
£1,133
Based on a loan of £225,000 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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