Well, my recent articles about Wigston’s most moved street in the last three years and the Monopoly board article (the one where I listed the most valuable streets) caused quite a lot of interest locally, so I decided to see what else I could find out about the LE18 postcode area. This week, I have discovered what are the biggest streets in the Wigston (LE18) postcode area.
Don’t worry, I will get back to some hard-hitting articles about the lack of new homes being built in Wigston, the trials and tribulations of being a Wigston buy-to-let landlord and the future of the Wigston property market. But in this article, because of the previous positive comments, I wanted to give you what you, the Wigston homeowners and Wigston landlords, asked about and wanted!
The biggest street in LE18, when it comes to the number of houses on it, is Aylestone Lane, with 262 homes. In second place is Lansdowne Grove with 190 homes, and in third is Leicester Road with 187 homes.
Not surprisingly, the most valuable street of the top 20 biggest streets is Aylestone Lane at £51.9m, with an average value of £198,000 per property.
The two streets with the largest number of movers in the last three years are Aylestone Lane, with a saleability rate of 9.5%, and Welford Road, with the highest saleability rate of 20.8%.
The full breakdown can be found in this chart below:
|Street/Road||Number of Properties on the Street(s)||Total Value of Properties on the Street(s)||Average Value of Properties on the Street(s)||Number of Properties Sold on that Street(s) in the Last 36 Months||Saleability/Turn-over Rate in the last 3 years (# Houses divided by sales)|
Note: if the same street name appears more than once in the postcode, the number of houses has been amalgamated and averaged accordingly.
But did you really think I wouldn’t get at all serious?
The basic rudiments of the Wigston property market remain principally healthy in many parts of Wigston, yet the current political environment means that the vital element of confidence has been diminished slightly in certain parts, and that is triggering a minority of potential property purchasers and house-sellers to vacillate. Yet with unemployment at an all-time low, a record number of people with jobs, ultra-low interest rates and decent mortgage availability (with the banks and building societies tending to drop mortgage rates instead of increasing them), those Wigston first-time buyers (and especially Wigston buy-to-let landlords) who have put off their next house purchase because of perceived political uncertainty should be reminded that, talking to many of my fellow Wigston agents, they have more homes on their books than at any time for the last three or four years. This means that there is a greater choice of Wigston properties to call your next home/BTL investment, with the potential for securing a great property deal in the next month or so.
Irrespective of what happens with Brexit, Wigston people will still need roofs over their heads and, as I have mentioned on a number of occasions, I have proved beyond doubt that we aren’t building enough homes, both locally in Wigston and nationally. If supply is limited and demand increases (as the population grows and we get older), prices in the medium to long term can only go in one direction: upwards!
So, whatever happens with BoJo and Brexit – why wait? Because once we get over that hurdle, there will just be another and another, by which time we will be in 2029 and you will have missed the boat. We survived the Global Financial Crash, the three-day week in 1970s, hyperinflation etc., etc…. The choice is yours.