2-bedroom semi-detached house · LE18 3AD
Sold STCListed 171 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This immaculately presented two double bedroom semi-detached home occupies an attractive and private plot within a sought after Cul-de-Sac position.
The property is a shared ownership with the sellers offering their 25% share to the market.
The remaining 75% is owned by Riverside Housing Association and there are options to staircase and increase the amount of equity share.
The home is beautifully presented with the current owners making significant improvements over and above the standard specification when purchased from new around five years ago.
The current owners are also offering as part of the sale several items of furniture and kitchen appliances should any buyer be interested.
The home is well placed for a variety of local amenities with supermarkets, smaller shops and services and a plethora of eateries all within a short drive away.
Wigston's leisure and medical centres are also nearby. It is an ideal opportunity for those looking to take those first steps onto the property ladder.
Access to the home is via a composite front door which opens to a welcoming entrance hall, with stairs rising to the first floor, and off the hallway, a ground floor WC and wash hand basin.
Further doors from the entrance hall open to the kitchen and lounge.
The kitchen is modern and well appointed with a range of base and wall-mounted fitted units that have a high-gloss finish, roll-edge work surfaces and a stainless-steel sink and drainer.
There is an integrated gas hob, with extractor hood over and a built-in electric oven underneath. There is also an integral dishwasher.
In addition, there is space for a tall freestanding fridge freezer and plumbing for a washing machine.
The lounge is delightful and filled with plenty of natural light thanks to a set of French patio doors that open to the garden with floor to ceiling windows on either side of the doors.
The current owners created a focal point to the room by adding a feature fireplace which is inset with an electric fire. Another feature that will be left as part of the sale.
There is ample room for living room and display furniture and depending on how the room is configured there is space for a small table and chairs.
A door from the lounge opens to a useful and sizeable under stairs storage cupboard.
To the first floor, either of the two double bedrooms could be used as the principal bedroom depending on preference.
The slightly large bedroom is situated toward the front and benefits from a built-in storage cupboard. There is ample space for a range of freestanding wardrobes and drawers.
The second bedroom enjoys views over the garden to the rear and also has ample room for freestanding wardrobes.
The two bedrooms are serviced by a bathroom which comprises a modern three-piece white suite to include a bath with shower over, low flush WC and pedestal wash hand basin.
To the front of the home a driveway offers side by side parking for two vehicles and there is secure gated side access to the rear.
At the rear the owners have created a charming low maintenance garden, which is private and unusually for a new build development not overlooked.
The garden has two patio seating areas that are slightly tiered with a shallow step up to the seating are toward the back of the garden.
Shingle borders provide space for potted plants, should owners want to add more greenery and colour to the space.
It is a wonderful space to enjoy a drink in the warmer months or to entertain family and friends. This is a fantastic home and a wonderful opportunity.
We often have significant interest with our shared ownership properties so we do encourage any interested buyer to book their viewings early.
Wigston is a suburb situated to the South of Leicester City Centre. A popular local hub the main High Street provides a wide range of local shops, amenities, restaurants and eateries.
The transport links for commuters are excellent heading into and out of the city by road either by car and regularly serviced bus routes or by rail via South Wigston train station.
In addition, there are a number of reputable local schools for all age groups.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About Lime Delph Road, Wigston, Leicestershire, LE18
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