According to the public record, 1, Newton Lane, Wigston is a mid-century leasehold apartment with 312 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Newton Lane, Wigston, LE18 is located in the borough of Oadby and Wigston within the LE18 postal district.
1, Newton Lane, Wigston has 21 entries in the Land Registry database, most recently in February 2017 and a single entry in the EPC database dated August 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Newton Lane Wigston as £79,515 and the rental value as £478 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 1 Newton Lane Wigston has increased by £760 (1.0%) and its rental value has increased by £9 per month (1.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Newton Lane, Wigston is in very good condition we estimate a sale value of £83,491 and rental value of £502 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £73,949 and a rental value of £445 per month.
If you were able to purchase this property for the estimated value of £79,515, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £391 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Newton Lane, Wigston was last sold on 09 Feb 2017 for £70,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2017, the market for similar properties has risen 29.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 510 metres radius of 1, Newton Lane, Wigston over the last 2 years.
The most recent example is 7A, Welford Road, Wigston, LE18 3SP, a Freehold house which sold for £340,000 in Oct 2019.
Read more about house prices in LE18.
Newton Lane, Wigston, LE18 has a total of 70 addresses. According to our analysis of all the public data, 1, Newton Lane, Wigston is the 70th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £182k less expensive than the average property in LE18.
1, Newton Lane, Wigston has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Aug 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 1, Newton Lane, Wigston is South Wigston station which is 2.2 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Newton Lane, Wigston, 46.1% of property is privately owned outright and 32.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Newton Lane, Wigston, 14.5% of residents are recorded as possessing school level qualifications and 35.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Newton Lane, Wigston, the average age was 45.8 and the most common age was 72.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Newton Lane, Wigston, 1.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Newton Lane, Wigston, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.