12 Railway Street, Wigston, Leicestershire LE18 4QE
East Midlands
£100,000Guide Price
Listed on 17/10/2026
Listed on 17/10/2026
The listing
Property details
Bedrooms
2Type
TerracedFeatures
- Garden
Description
Offered at auction, this freehold two-bedroom terraced house in South Wigston has a front lounge, separate dining room and a kitchen with basic fittings. Upstairs are two bedrooms and a bathroom. The property is described as requiring general modernisation and has uPVC double glazing.
Outside, there is a small front garden and an enclosed rear garden with a paved seating area, gravelled sections and brick outbuildings, including stores and an outside WC. The listing notes scope for an extension, subject to any required consents. Local shops, schools and public transport are nearby, with the train station within walking distance and road links also accessible.
The auction is scheduled to take place over two days from 25 November 2026, with the property's day and lot number to be confirmed when the catalogue is finalised. The sale is unconditional, with contracts exchanged at the point of sale. Buyers should review the legal pack and auction terms, including the stated deposit and buyer's fee, before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
47out of 100
Grade ELow opportunity
Confidence: LOW
This two-bedroom terrace in South Wigston has a clear renovation canvas: the separate lounge and dining room, enclosed rear garden and brick outbuildings give it useful character and scope to reshape and improve. The photographed interiors are dated, with a deteriorated basic kitchen, older bathroom finishes and ceiling defects to investigate; the stated £25,000–£45,000 works range points to a substantial modernisation project rather than a quick refresh. uPVC double glazing and the usable garden are positives, and the listing notes possible extension subject to consents, though feasibility has not been assessed.
The score is 47/100, grade E, reflecting a limited overall opportunity rather than a verdict that the project lacks potential. Floor area is missing, so value versus local £/sqf cannot yet be judged. This is an auction guide price, and bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Rework the separate lounge and dining room to create a more cohesive living and entertaining space while retaining the terrace's traditional character.
- Modernise the basic kitchen and dated bathroom as part of a joined-up interior upgrade.
- Make the enclosed rear garden and brick outbuildings more useful, with possible extension scope subject to consents and feasibility.
Key risks
- The £25,000–£45,000 works range, dated finishes throughout the photographed interior and ceiling defects make this a substantial modernisation programme; allow time and budget for investigation and making good, not just cosmetic updates.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£378
Based on a loan of £75,000 over 30 years at 4.45% interest
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