According to the public record, 54, Newton Lane, Wigston is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,874 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Newton Lane, Wigston, LE18 is located in the borough of Oadby and Wigston within the LE18 postal district.
54, Newton Lane, Wigston has a single entry in the Land Registry database from February 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 54 Newton Lane Wigston as £455,872 and the rental value as £1,571 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 54 Newton Lane Wigston has increased by £4,163 (0.9%) and its rental value has increased by £30 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 54, Newton Lane, Wigston is in very good condition we estimate a sale value of £478,666 and rental value of £1,649 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £423,961 and a rental value of £1,461 per month.
If you were able to purchase this property for the estimated value of £455,872, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,240 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, 54, Newton Lane, Wigston was last sold on 16 Feb 2007 for £389,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2007, the market for similar properties has risen 64.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Newton Lane, Wigston within a radius of 530 metres over the last 2 years.
The most recent example is 24, Kelmarsh Avenue, Wigston, LE18 3QW, a Freehold house which sold for £350,000 in Apr 2019.
Read more about house prices in LE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newton Lane, Wigston, LE18 has a total of 70 addresses. According to our analysis of all the public data, 54, Newton Lane, Wigston is the 17th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £194k more expensive than the average property in LE18.
The closest station to 54, 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 54, 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 54, 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 54, 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 54, 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 54, 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.