2 Bed Flat, Single Let, Wakefield, WF1 1DE, £70,000

Ings Road, Wakefield, WF1 1DE - 9 months ago

Leasehold
Auction
BTL
ROI: 14%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£84,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£625 - £900

Rent Estimate

£625

Running Costs/mo

£364

Cashflow/mo

£261

Cashflow/yr

£3,135

ROI

14%

Gross Yield

11%

Local Sold Prices

36 sold prices from £37K to £220K, average is £90K. £698/m² to £2.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£37K11/230.31 mi20a, Sun Lane, Wakefield, West Yorkshire WF1 1JD2
£71K09/230.42 mi41, Delamere Gardens, Wakefield, West Yorkshire WF1 4LJ2
£73.5K12/200.49 mi137, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£77K11/210.49 mi173, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£90K08/230.49 mi54, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£67K10/200.49 mi177, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£72K12/200.49 mi167, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£85K02/230.49 mi159, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£120K09/210.69 mi44, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£162.5K02/230.69 mi57, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£136K03/230.69 mi37, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£125K08/230.69 mi26, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£142.5K02/230.69 mi24, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£147K11/220.69 mi5, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£79K11/220.69 miApartment 5, Bronte, Woodlands Village, Wakefield, West Yorkshire WF1 5LH2
£75K02/230.71 miApartment 1, Hepworth, Woodlands Village, Wakefield, West Yorkshire WF1 5JQ2
£78K05/230.78 mi4, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£90K04/230.78 mi47, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£115K10/200.78 mi15, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£95K09/230.78 mi20, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£100K02/230.81 mi10, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£107K07/230.81 mi9, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£80K06/210.82 mi1, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£80K05/210.82 mi2, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£105K07/230.93 mi18, Mill Chase Gardens, Wakefield, West Yorkshire WF2 9SP2
£125K12/200.93 mi29, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£110K03/210.94 mi11, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£220K07/210.96 mi28, Belgravia Road, Wakefield, West Yorkshire WF1 3JP2
£95K09/230.97 mi26, Blenheim Road, Wakefield, West Yorkshire WF1 3JZ2
£110K03/220.98 mi44, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£88K07/210.98 mi36, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£100K05/230.98 mi7, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£90K11/210.98 mi34, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£60K04/230.99 mi12, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£58.3K01/210.99 mi8, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£62.6K12/230.99 mi24, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2

Local Rents

25 rents from £625/mo to £900/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69512/230.06 mi-2
£75003/250.08 mi-2
£75010/240.24 miThe Pinnacle, Ings Road, Wakefield, WF1 1DG2
£69511/230.28 mi-2
£82510/240.28 miHebble Wharf, Navigation Walk, Wakefield, UK, WF12
£85010/240.29 miNavigation Walk, WAKEFIELD2
£72503/250.29 mi-2
£70002/240.31 mi-2
£75010/240.31 miFirth House, Wakefield2
£77510/240.32 miWaterside Way, Wakefield, West Yorkshire, WF12
£62510/240.38 miBack Little Westgate, Wakefield, West Yorkshire, UK, WF12
£67512/230.4 mi-2
£82510/240.42 mi-2
£83511/240.42 mi-2
£62510/240.48 miBarstow Square, Wakefield, West Yorkshire, WF12
£72510/240.52 miWestgate Central, 117 Westgate2
£75010/240.52 mi-2
£70001/250.56 mi-2
£70001/250.56 mi-2
£67502/250.56 mi-2
£82510/240.57 miMulberry House, Burgage Square, Wakefield, West Yorkshire WF12
£85010/240.59 miIndustrial Street, Wakefield, West Yorkshire, WF12
£82510/240.6 miMulberry House , Burgage Square, Wakefield, West Yorkshire, WF12
£90010/240.61 mi-2
£72510/240.62 miAcme Terrace, Wakefield, West Yorkshire, WF12

Local Area Statistics

Population in WF1

34,122

Population in Wakefield

126,493

Town centre distance

0.89 miles away

Nearest school

0.30 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £70,000

February 21, 2025

Price changed to £80,000

February 1, 2025

Price changed to £85,000

December 4, 2024

Listed for £105,000

May 31, 2024

Floor Plans

Description

  • For Sale by Auction - T & C's apply +
  • Subject to an Undisclosed Reserve Price +
  • Buyer's Fees Apply +
  • The Modern Method Of Auction +
  • Buy With Finance +
  • A Third Floor Apartment +
  • Two Bedrooms +
  • EPC Rating C77 +

For sale by Modern Method of Auction; Starting Bid Price £70,000 plus reservation fee. Subject to an undisclosed reserve price. A well proportioned TWO DOUBLE BEDROOM third floor apartment in central Wakefield with gated entry, allocated parking, and a private balcony. Offered for sale with VACANT POSSESSION or long standing tenant in situ. This property is for sale by West Yorkshire Property Auction powered by iamsold ltd. VIRTUAL TOUR AVAILABLE. EPC rating C77.

For sale by Modern Method of Auction; Starting Bid Price £70,000 plus reservation fee. Subject to an undisclosed reserve price.

A well proportioned and generously sized two bedroom top floor apartment situated on this popular development within the heart of Wakefield city centre. The apartment is positioned to the rear of the complex and benefits from being securely gated, as well as boasting allocated parking and private balcony offering a pleasant outlook.

The property briefly comprise of entrance hall, spacious lounge/diner, modern fitted kitchen, two double bedrooms and four piece suite bathroom/w.c. Externally the property offers a balcony which can be accessed from the living space and main bedroom.

The apartment is available with vacant possession or the opportunity to take over as a landlord with long standing tenant in situ.

Wakefield plays host to abundance of amenities including shops and an array of bars and restaurants, as well as train stations with links to Leeds, London and York, ideal for those wishing to commute further afield.

This property is for sale by West Yorkshire Property Auction powered by iamsold ltd.

Accomodation -

Entrance Hall - Entrance door, alarm system, electric storage heater, useful cupboard for storage housing the hot water tank and doors to the open plan lounge/kitchen, two bedrooms and house bathroom.

Lounge/Diner - 3.78m x 4.4m plus recess (12'4" x 14'5" plus reces - UPVC double glazed window to the rear, UPVC double glazed door providing access onto the balcony and electric storage heater. Door to the kitchen.

Kitchen - 2.36m x 2.40m (7'8" x 7'10") - Range of wall and base units with complementary laminate work surface over, built in electric oven and integrated microwave above, four ring electric hob with stainless steel extractor hood over, space and plumbing for an automatic washing machine. Integrated fridge/freezer, vinyl flooring, tiled splash backs and UPVC double glazed window to the side.

Bedroom One - 3.34m x 3.32m (10'11" x 10'10") - UPVC double glazed window and door to the side leading to the balcony and wall mounted heater.

Bedroom Two - 3.8m x 2.80m (12'5" x 9'2") - UPVC double glazed window to the front and wall mounted electric heater.

Bathroom/W.C. - 1.89m x 3.57m (6'2" x 11'8") - Four piece suite comprising panelled bath with shower head attachment, P-shaped double width shower with dual shower head, wash hand basin with chrome mixer tap and low flush w.c. Tiled flooring, part tiled walls, chrome heated towel rail and extractor fan.

Outside - The property has secure gated access and has one allocated parking space. The property has a rear facing balcony with pleasant outlook.

Leasehold - The ground rent is £385.56 and service charge is £1,188.29 (pa). The remaining term of the lease is 107 years (2024). A copy of the lease is held on our file at the Wakefield office.

Council Tax Band - The council tax band for this property is B.

Floor Plan - This floor plan is intended as a rough guide only and is not to be intended as an exact representation and should not be scaled. We cannot confirm the accuracy of the measurements or details of this floor plan.

Viewings - To view please contact our Wakefield office and they will be pleased to arrange a suitable appointment.

Epc Rating - To view the full Energy Performance Certificate please call into one of our local offices.

Auctioneer's Comments - This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Agent Details

Richard Kendall, Wakefield

01924 793803

Next Steps?

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