According to the public record, 71, Mere Road, Wigston is a mid-century house with 979 ft2 of internal area and sits on a 426 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mere Road, Wigston, LE18 is located in the borough of Oadby and Wigston within the LE18 postal district.
71, Mere Road, Wigston has no records in the Land Registry database and a single entry in the EPC database dated May 2024.
We combine this information with public data 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 71 Mere Road Wigston as £338,461 and the rental value as £1,114 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 71 Mere Road Wigston has increased by £4,924 (1.5%) and its rental value has increased by £29 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 71, Mere Road, Wigston is in very good condition we estimate a sale value of £355,384 and rental value of £1,169 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £314,769 and a rental value of £1,036 per month.
If you were able to purchase this property for the estimated value of £338,461, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,663 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, 71, Mere Road, Wigston sits on a plot of 426m2.
We have plot size data on 32 out of 62 other houses in the postcode and 71, Mere Road, Wigston sits on the 10th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Mere Road, Wigston within a radius of 540 metres over the last 2 years.
The most recent example is 119, Mere Road, Wigston, LE18 3RN, a Freehold house which sold for £321,500 in Apr 2024.
Read more about house prices in LE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mere Road, Wigston, LE18 has a total of 159 addresses. According to our analysis of all the public data, 71, Mere Road, Wigston is the 125th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £77k more expensive than the average property in LE18.
71, Mere Road, Wigston has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 May 2024.
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 71, Mere Road, Wigston is South Wigston station which is 2.8 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 71, Mere Road, Wigston, 71.0% of property is privately owned outright and 24.4% 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 71, Mere Road, Wigston, 13.6% of residents are recorded as possessing school level qualifications and 30.4% 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 71, Mere 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 71, Mere 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 71, Mere Road, Wigston, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.