According to the public record, 36, Spa Lane, Wigston is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 984 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Spa Lane, Wigston, LE18 is located in the borough of Oadby and Wigston within the LE18 postal district.
36, Spa Lane, Wigston has 31 entries in the Land Registry database, most recently in November 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 36 Spa Lane Wigston as £270,921 and the rental value as £1,151 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 36 Spa Lane Wigston has increased by £5,052 (1.9%) and its rental value has increased by £32 per month (2.8%).
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 36, Spa Lane, Wigston is in very good condition we estimate a sale value of £284,467 and rental value of £1,209 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £251,957 and a rental value of £1,071 per month.
If you were able to purchase this property for the estimated value of £270,921, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,331 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, 36, Spa Lane, Wigston was last sold on 23 Nov 2007 for £160,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2007, the market for similar properties has risen 71.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 36, Spa Lane, Wigston within a radius of 540 metres over the last 2 years.
The most recent example is 17, Ravensthorpe Road, Wigston, LE18 3QX, a Freehold house which sold for £265,000 in Dec 2023.
Read more about house prices in LE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spa Lane, Wigston, LE18 has a total of 43 addresses. According to our analysis of all the public data, 36, Spa Lane, Wigston is the 7th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in LE18.
The closest station to 36, Spa Lane, Wigston is South Wigston station which is 2.3 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 36, Spa Lane, Wigston, 47.7% of property is privately owned outright and 24.8% 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 36, Spa Lane, Wigston, 13.6% of residents are recorded as possessing school level qualifications and 28.3% 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 36, Spa Lane, Wigston, the average age was 41.6 and the most common age was 52.
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 36, Spa Lane, Wigston, 0.9% 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 36, Spa Lane, Wigston, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.