2-bedroom terraced house · LE18 4QE
For saleListed 3 daysAuction 25 Nov · in 36 days
Opportunity summary
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About
For sale by Auction. The auction will take place over two days, commencing on 25 November 2026. Properties will be allocated to either Day 1 or Day 2 when the catalogue is finalised.
The specific auction date and lot number for this property will be confirmed once the catalogue has been published.
A traditional two bedroom terraced property situated on a quiet street in South Wigston.
The property requires general modernisation throughout but benefits from uPVC double glazing and a good size rear garden with outbuildings.
Well placed for local amenities including a range of shops and schooling and excellent public transport links, road and motorway links and within walking distance to the train station.
An ideal investment opportunity with potential rental income of circa £1000 pcm/£12,000 per annum after refurbishment. Lounge - 3.55m x 3.50m With tiled fireplace and window to front.
Dining Room - 4.01m x 3.50m With fireplace, under stairs cupboard, window to rear and stairs off. Inner Lobby With door to garden and further door to kitchen.
Kitchen - 2.65m x 1.90m With basic fittings, sink, space for appliances and window to side. Landing Bedroom One - 4.03m x 3.67m Having overstairs cupboard and window to front.
Bedroom Two - 3.66m x 3.12m With overstairs cupboard and window to rear. Bathroom With low flush w.c. wash hand basin and panel bath. Airing cupboard and window to rear.
Outside Small garden to front with gated path. Shared side passage.
Good size rear garden with paved seating area, gravelled areas, two bricks stores and brick w.c and being fully enclosed with brick walling. Scope for extension, subject to any required consents.
Draft Sales Particulars These sales details are awaiting vendor approval Tenure: Freehold EPC Rating: Awaited Terms: Auction Details The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts: • 5% deposit (subject to a minimum of £5,000) • Buyer’s Fee of 4.8% inc.
VAT of the purchase price (subject to a minimum of £6,000 inc. VAT) There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack.
You must read the Legal Pack carefully before bidding. Additional Information For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 12 Railway Street, Wigston, Leicestershire LE18 4QE
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