2 Bed Flat, Single Let, Wakefield, WF1 1DH, £80,000

Bayheath House, 20 Market Street, WF1 1DH - 4 views - a year ago

Leasehold
BTL
ROI: 12%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£37K - £220K
Sold Prices/m²£698/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£100,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£625 - £2,050

Rent Estimate

£625

Running Costs/mo

£395

Cashflow/mo

£230

Cashflow/yr

£2,760

ROI

12%

Gross Yield

9%

Local Sold Prices

37 sold prices from £37K to £220K, average is £95K. £698/m² to £2.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£120K09/210.3 mi44, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£162.5K02/230.3 mi57, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£136K03/230.3 mi37, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£125K08/230.3 mi26, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£142.5K02/230.3 mi24, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£147K11/220.3 mi5, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£37K11/230.37 mi20a, Sun Lane, Wakefield, West Yorkshire WF1 1JD2
£80K06/210.43 mi1, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£80K05/210.43 mi2, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£71K09/230.46 mi41, Delamere Gardens, Wakefield, West Yorkshire WF1 4LJ2
£115K10/200.49 mi15, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£95K09/230.49 mi20, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£100K02/230.51 mi10, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£107K07/230.51 mi9, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£105K07/230.54 mi18, Mill Chase Gardens, Wakefield, West Yorkshire WF2 9SP2
£125K12/200.56 mi29, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£110K03/210.57 mi11, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£110K03/220.58 mi44, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£88K07/210.58 mi36, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£100K05/230.58 mi7, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£90K11/210.58 mi34, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£78K05/230.59 mi4, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£90K04/230.59 mi47, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£112K12/230.63 mi22, The Rowick, Wakefield, West Yorkshire WF2 9SY2
£220K07/210.63 mi28, Belgravia Road, Wakefield, West Yorkshire WF1 3JP2
£101K12/220.67 mi20, The Point, Wakefield, West Yorkshire WF2 9AP2
£108.8K03/210.68 mi32, The Point, Wakefield, West Yorkshire WF2 9AP2
£95K09/230.7 mi26, Blenheim Road, Wakefield, West Yorkshire WF1 3JZ2
£60K04/230.79 mi12, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£58.3K01/210.79 mi8, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£62.6K12/230.79 mi24, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£73.5K12/200.82 mi137, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£77K11/210.82 mi173, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£90K08/230.82 mi54, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£67K10/200.82 mi177, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£72K12/200.82 mi167, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£85K02/230.82 mi159, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2

Local Rents

43 rents from £625/mo to £2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£67512/230.09 mi-2
£72510/240.1 miWestgate Central, 117 Westgate2
£75010/240.13 mi-2
£75010/240.13 miFirth House, Wakefield2
£82510/240.14 mi-2
£83511/240.14 mi-2
£62510/240.15 miBarstow Square, Wakefield, West Yorkshire, WF12
£69511/230.17 mi-2
£82510/240.18 miMulberry House, Burgage Square, Wakefield, West Yorkshire WF12
£62510/240.18 miBack Little Westgate, Wakefield, West Yorkshire, UK, WF12
£82510/240.2 miMulberry House , Burgage Square, Wakefield, West Yorkshire, WF12
£75010/240.2 miThe Pinnacle, Ings Road, Wakefield, WF1 1DG2
£70001/250.22 mi-2
£70001/250.22 mi-2
£67502/250.22 mi-2
£92511/230.28 mi-2
£1,20003/250.29 mi-2
£95010/240.29 mi-2
£2,05003/250.29 mi-2
£1,05003/250.29 mi-2
£92510/240.29 miCarnforth Avenue, Wakefield2
£84502/240.3 mi-2
£99510/240.31 miCarnforth Avenue, Wakefield, WF1 2GD2
£72503/250.32 mi-2
£75003/250.34 mi-2
£70002/240.34 mi-2
£69512/230.37 mi-2
£95010/240.37 miFinchdale Close, Wakefield, WF1 2GB2
£75010/240.4 miCliff Villa Court, Wakefield, WF1 2DN2
£95010/240.44 miBrendon Close, Wakefield, WF2 9NB2
£85010/240.44 miIndustrial Street, Wakefield, West Yorkshire, WF12
£85001/250.51 mi-2
£80012/230.55 mi-2
£1,05012/240.57 mi-2
£1,05003/250.57 mi-2
£1,15010/240.58 miSt Johns North Wakefield2
£1,20010/240.58 miSt Johns North, Wakefield2
£1,20010/240.58 miSt Johns North, Wakefield2
£69510/240.59 miAlverthorpe Road, Wakefield, West Yorkshire, UK, WF22
£67502/250.59 mi-2
£75010/240.61 mi-2
£75010/240.61 mi-2
£75010/240.62 mi-2

Local Area Statistics

Population in WF1

34,122

Population in Wakefield

126,493

Town centre distance

0.68 miles away

Nearest school

0.40 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £80,000

February 26, 2024

Description

  • SOLD WITH TENANTS IN SITU +
  • No Chain +
  • Second Floor Apartment +
  • Two Bedroom +
  • Open Plan Living and Kitchen +

INTRODUCTION Martin and Co Wakefield are pleased to bring to the market this second floor two bedroom apartment situated in the Bayheath House development, in the centre of Wakefield. Bayheath House is a selection of 31 apartments ideally located to be close to all the cities amenities and the surrounding areas. 

KITCHEN/LIVING AREA 13' 2" x 20' 4" (4.02m x 6.22m) The property benefits from open plan kitchen living and dining with stylish kitchen compromising of a range of wall and base units inclusive of an integrated electric oven and hob complete with extractor fan. 

MASTER BEDROOM 10' 2" x 12' 10" (3.11m x 3.92m) The first bedroom is a generously sized double room with a storage cupboard. 

SECOND BEDROOM 8' 0" x 10' 3" (2.45m x 3.14m) The second bedroom is a good sized single bedroom, perfect space for a guest room.  

BATHROOM 5' 7" x 7' 6" (1.71m x 2.29m) The house bathroom with a modern white suite with chrome fittings, comprising bath with mixer tap, wall mounted over bath shower and glass screen, pedestal wash basin with chrome mixer tap and a built-in low level WC with separate push flush, chrome heated towel rail, ceramic tiling to walls.

Agent Details

Martin & Co, Wakefield

01924 201457

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪