2-bedroom bungalow · LE18 4NQ
For saleListed 42 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern two bedroom detached bungalow occupies a low maintenance plot with its own gated driveway within a sought after residential area.
The home is well positioned for a wide variety of local amenities, many of which are within walking distance.
Large supermarkets, a plethora of smaller shops, services and eateries as well as Wigston's medical and leisure centres are all readily accessible.
The bungalow itself has been substantially improved, reconfigured and modernised during their time.
These improvements include a very recent new roof, including the conservatory, something immediately noticeable as you approach the property.
Inside the home has been extensively modernised creating a contemporary layout and finish rarely seen in many bungalows, typically needing some updating when they arrive on the market.
Access to the home is via a composite front door, that matches the anthracite frames on the double-glazed windows and opens to an entrance hall with porcelain tiled flooring and a vertically hung radiator.
Doors from the hallway lead through to both bedrooms, the bathroom and the feature space of the who property, a fabulous open plan living kitchen.
The lounge, kitchen and dining space all sit open plan to each other. There is ample room for sofas and a dining table allowing the space to be configured in several ways.
LED lighting vertically hung radiators and a wall-mounted feature fireplace continue the modern finishing details.
The kitchen area has been refitted to include a range of base and wall-mounted soft-close fitted units with a high-gloss finish.
The kitchen also includes a large island with high-quality work surfaces a one and a half bowl composite sink and drainer.
Integrated appliances include a gas hob with extractor over, built-in, mid-level double electric ovens and a dishwasher.
There is then space for an American style fridge/freezer and space and plumbing for a washing machine and tumble dryer.
Sliding patio doors open to a conservatory which provides further reception space. The conservatory also has a porcelain tiled flooring and an insulated roof.
French patio doors open to the side of the bungalow.
The principal bedroom is a generous double room that benefits from fitted wardrobes and the second bedroom is a versatile single bedroom, again with space for freestanding wardrobes and drawers.
Finally, there is a refitted and fully tiled family bathroom with jacuzzi style bath with shower over, low flush WC and a wash hand basin set onto a vanity unit.
Most of the outside space is to the front and side of the bungalow, ideal for those who do not want much of a garden to tend.
The plot is low maintenance with an impressive, gated block paved driveway that provides off-road parking for several vehicles and is a super space for those with caravans and mobile homes.
A section of artificial lawn to the front offers a seating area and adds some greenery and enhances the bungalow' eye-catching kerb appeal.
This is a modern bungalow on a low maintenance plot and internal viewing is highly recommended to truly appreciate the space it offers and the quality of finish.
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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We're still gathering serviced-accommodation data for this area.
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 24, Ervins Lock Road, Leicestershire
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