2-bedroom house · LE18 4UQ
Listing removedListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ref - DA1155 Introduction Opportunities like this are becoming increasingly difficult to find.
Occupying a wonderful plot on the ever-popular Saffron Road, this charming individual detached cottage offers buyers the chance to create something truly special.
Full of character, offered to the market with no onward chain and benefiting from gated off-road parking, the property provides a rare opportunity to modernise and personalise a home that already possesses everything you can’t easily recreate—character, individuality and an exceptional plot.
Whilst the interior would benefit from cosmetic improvement, significant investment has already been made with the installation of a brand-new boiler, allowing the next owner to focus on transforming the property into a beautiful home.
With generous gardens and exciting potential to extend (subject to the necessary permissions), this is a property where imagination can genuinely be rewarded.
Entrance Porch Stepping through the front door, you’re welcomed into a charming entrance porch where the traditional terracotta tiled flooring immediately reflects the cottage’s character.
An open doorway leads through into the inner hall, creating a warm and inviting first impression.
Inner Hall Positioned between the principal reception rooms and the kitchen, the inner hall continues the attractive terracotta tiled flooring and benefits from a useful understairs storage cupboard, providing valuable everyday practicality.
Lounge - 4.83m x 3.63m (15'10"Max x 11'11"Max) Full of charm and natural light, the lounge is a wonderfully characterful reception room that enjoys views from both the front and rear of the property.
A beautiful bay window is complemented by two rear portrait windows, allowing daylight to flow through the room throughout the day.
A decorative tiled fireplace creates an attractive focal point, while the radiator ensures comfort during the colder months.
Whether retained as a formal lounge or reimagined as part of a future renovation, this is a room with genuine personality.
Dining Room - 3.81m x 3.61m (12'6"Max x 11'10"Max) Providing excellent flexibility, the second reception room could comfortably serve as a dining room, snug, home office or additional sitting room depending on a buyer’s lifestyle.
Windows to both the front and side elevations create a bright and welcoming atmosphere, while another attractive tiled ornamental fireplace continues the property’s period charm.
The room also benefits from a useful double storage cupboard, radiator and terracotta tiled flooring, with the staircase rising to the first floor from this space.
Its versatility makes it ideal for modern family living whilst still retaining all the character expected from a cottage of this age.
Kitchen - 3.84m x 2.44m (12'7" x 8'0") Positioned to overlook the beautiful rear garden, the kitchen offers an excellent foundation for future improvement.
Fitted with a range of wall and base units together with a stainless steel sink and drainer, breakfast bar and plumbing for a washing machine, the room also features an attractive ornamental fireplace and traditional terracotta tiled flooring that perfectly complements the cottage’s character.
A side window and external door provide plenty of natural light and direct access to the garden, creating an enjoyable connection between the indoor and outdoor spaces.
Landing The first floor provides access to the two double bedrooms, offering comfortable accommodation whilst leaving exciting scope for future extension should a purchaser wish to explore the property’s full potential (subject to the necessary planning permissions).
Bedroom - 3.61m x 3.58m (11'10"Max x 11'9"Max) spacious double bedroom enjoying a peaceful side aspect.
The room benefits from a radiator together with fitted double wardrobes, providing useful built-in storage whilst still offering plenty of space for additional furniture.
Bedroom - 3.84m x 2.44m (12'7" x 8'0") Another generous double bedroom overlooking the side of the property.
A charming reminder of the cottage’s heritage, the room retains its original wash hand basin—a feature commonly found in homes of this era.
Together with a radiator and side window, the room offers comfortable accommodation whilst providing plenty of opportunity for modernisation.
Bathroom - 2.62m x 2.16m (8'7" x 7'1") Located on the ground floor, the bathroom comprises a bath, wash hand basin, radiator and a useful double storage cupboard.
A side window provides natural light, while the layout offers buyers an opportunity to redesign and modernise to suit their own tastes.
Cloakroom Positioned adjacent to the bathroom, the separate WC benefits from a side window and provides additional practicality for everyday family living.
Outside The gardens are undoubtedly one of the property’s greatest assets.
Occupying an exceptional plot, the rear garden offers an incredible amount of outdoor space that is becoming increasingly rare to find.
Predominantly laid to lawn and enclosed by mature trees, established shrubs and fencing, it already provides a wonderful sense of privacy whilst offering enormous potential for landscaping.
Although currently overgrown, it’s easy to imagine this becoming a spectacular family garden with entertaining areas, vegetable plots or beautifully planted borders.
A brick-built outbuilding, large storage shed and separate potting shed provide excellent additional storage and workshop space, while gated access leads to the off-road parking.
Perhaps most exciting of all is the scale of the plot itself.
Subject to the necessary planning permissions, there appears to be significant potential to extend and further enhance this delightful cottage, creating a forever home in one of Wigston’s most established locations.
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.
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FAQ
About 123 The Cottage, Saffron Road, Wigston
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