According to the public record, Flat 8, Redwood Court, Wigston is a modern leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Redwood Court, Bull Head Street, Wigston, LE18.
Bull Head Street, Wigston, LE18 is located in the borough of Oadby and Wigston within the LE18 postal district.
Flat 8, Redwood Court, Wigston has 3 entries in the Land Registry database, most recently in December 2019 and a single entry in the EPC database dated April 2014.
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 Flat 8 Redwood Court Wigston as £123,363 and the rental value as £645 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 8 Redwood Court Wigston has increased by £1,561 (1.3%) and its rental value has increased by £14 per month (2.2%).
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 Flat 8, Redwood Court, Wigston is in very good condition we estimate a sale value of £129,531 and rental value of £678 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £114,728 and a rental value of £600 per month.
If you were able to purchase this property for the estimated value of £123,363, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £606 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, Flat 8, Redwood Court, Wigston was last sold on 17 Dec 2019 for £112,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2019, the market for similar properties has risen 15.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Redwood Court, Wigston within a radius of 530 metres over the last 2 years.
The most recent example is Flat 1, Redwood Court, Bull Head Street, Wigston, LE18 1PA, a Leasehold flat which sold for £108,000 in Jun 2018.
Read more about house prices in LE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bull Head Street, Wigston, LE18 has a total of 46 addresses. According to our analysis of all the public data, Flat 8, Redwood Court, Wigston is the 40th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £138k less expensive than the average property in LE18.
Flat 8, Redwood Court, Wigston has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Apr 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 8, Redwood Court, 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 Flat 8, Redwood Court, 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 Flat 8, Redwood Court, 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 Flat 8, Redwood Court, 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 Flat 8, Redwood Court, 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 Flat 8, Redwood Court, 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.