According to the public record, 197, Leicester Road, Wigston is a early-century freehold house with 1,130 ft2 of internal area and sits on a 302 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Leicester Road, Wigston, LE18 is located in the borough of Oadby and Wigston within the LE18 postal district.
197, Leicester Road, Wigston has a single entry in the Land Registry database from March 2017 and a single entry in the EPC database dated August 2016.
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 197 Leicester Road Wigston as £294,824 and the rental value as £1,226 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 197 Leicester Road Wigston has increased by £3,115 (1.1%) and its rental value has increased by £31 per month (2.6%).
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 197, Leicester Road, Wigston is in very good condition we estimate a sale value of £309,565 and rental value of £1,287 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £274,186 and a rental value of £1,140 per month.
If you were able to purchase this property for the estimated value of £294,824, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,449 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 data from HM Land Registry, 197, Leicester Road, Wigston sits on a plot of 302m2.
We have plot size data on 18 out of 28 other houses in the postcode and 197, Leicester Road, Wigston sits on the 15th largest plot.
According to HM Land Registry, 197, Leicester Road, Wigston was last sold on 31 Mar 2017 for £155,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2017, the market for similar properties has risen 35.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 197, Leicester Road, Wigston within a radius of 550 metres over the last 2 years.
The most recent example is 215, Leicester Road, Wigston, LE18 1JT, a Freehold house which sold for £275,000 in Jul 2023.
Read more about house prices in LE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Leicester Road, Wigston, LE18 has a total of 197 addresses. According to our analysis of all the public data, 197, Leicester Road, Wigston is the 30th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £33k more expensive than the average property in LE18.
197, Leicester Road, Wigston has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 19 Aug 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 197, Leicester Road, Wigston is South Wigston station which is 2.1 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 197, Leicester Road, Wigston, 45.8% of property is privately owned with a mortgage and 42.1% is privately owned outright.
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 197, Leicester Road, Wigston, 20.5% of residents are recorded as possessing school level qualifications and 38.7% 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 197, Leicester Road, Wigston, the average age was 43.3 and the most common age was 57.
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 197, Leicester Road, Wigston, 0.0% 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 197, Leicester Road, Wigston, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.