2 Bed Flat, Single Let, Wakefield, WF1 5AN, £90,000

Manygates Park, Wakefield, WF1 5AN - 4 views - 9 months ago

Sold STC
Leasehold
BTL
ROI: 12%
~65 m²
+13 photos

ValuationOvervalued

Sold Prices£37K - £167K
Sold Prices/m²£698/m² - £2.3K/m²

 

 

Square Metres

~64.94 m²
Price/m²£1.4K/m²

Value Estimate

£85,446

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£575 - £895

Rent Estimate

£703

Running Costs/mo

£442

Cashflow/mo

£261

Cashflow/yr

£3,134

ROI

12%

Gross Yield

9%

Local Sold Prices

23 sold prices from £37K to £167K, average is £75K. £698/m² to £2.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£79K11/220.1 miApartment 5, Bronte, Woodlands Village, Wakefield, West Yorkshire WF1 5LH2
£75K02/230.11 miApartment 1, Hepworth, Woodlands Village, Wakefield, West Yorkshire WF1 5JQ2
£70K04/220.53 mi214, Barnsley Road, Wakefield, West Yorkshire WF2 6EF2
£90K08/220.81 mi64, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£72.5K11/210.82 mi37, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£68.5K03/210.82 mi40, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£85K12/230.82 mi37, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£67K12/200.82 mi15, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£70K06/210.82 mi18, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£75K10/200.82 mi44, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£73.5K06/210.82 mi1, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£90K06/230.82 mi20, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£75K03/230.82 mi9, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£85K10/230.82 mi47, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£85K04/230.82 mi24, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£73.5K12/200.85 mi137, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£77K11/210.85 mi173, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£90K08/230.85 mi54, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£67K10/200.85 mi177, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£72K12/200.85 mi167, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£85K02/230.85 mi159, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£167K07/220.91 mi18, Helmsley Road, Wakefield, West Yorkshire WF2 6QU2
£37K11/230.93 mi20a, Sun Lane, Wakefield, West Yorkshire WF1 1JD2

Local Rents

13 rents from £575/mo to £895/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72510/240.04 miAcme Terrace, Wakefield, West Yorkshire, WF12
£57510/240.07 miMoore, Woodlands Village, Wakefield, WF12
£72510/240.12 miHockney, Manygates Lane, Wakefield2
£75010/240.23 miWarren Avenue, Wakefield, West Yorkshire, WF22
£75002/250.26 mi-2
£70010/240.32 miBriar Grove, Agbrigg, Wakefield2
£85010/240.34 miNavigation Walk, WAKEFIELD2
£82510/240.34 miHebble Wharf, Navigation Walk, Wakefield, UK, WF12
£77510/240.39 miWaterside Way, Wakefield, West Yorkshire, WF12
£89510/240.46 mi-2
£79502/250.46 mi-2
£80002/250.49 mi-2
£75003/250.49 mi-2

Local Area Statistics

Population in WF1

34,122

Population in Wakefield

126,493

Town centre distance

1.06 miles away

Nearest school

0.40 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £90,000

June 18, 2024

Floor Plans

Description

  • Two Spacious Double Bedrooms +
  • Stylish Duplex Apartment +
  • Spread Over Two Floors +
  • Private Off Road Parking Space +
  • Well Maintained +

Movenowproperties are pleased to offer this 2 double bedroom duplex apartment for sale, over two floors, features a new kitchen and bathroom, this property must be viewed to be fully appreciated!

Accommodation Briefly Comprises:

Entrance Hall
A UPVC entrance door with a floor-to-ceiling glass side panel opens into a modern space with hard waring wood effect flooring. The hall features stairs leading to the first floor and doors to the downstairs WC and kitchen/living room.

Downstairs WC
Measurements: 4'3" x 3'0" (1.30m x 0.91m)
A useful cloak room with a low flush WC and a pedestal wash basin with a tiled splashback.

Kitchen / Living Room
Measurements: 23'8" x 14'11" (7.22m x 4.55m)
This open plan living area offers a newly fitted kitchen which boasts a range of modern wall and base units, complemented by a mosaic tiled splashback. It is equipped with an integrated oven, a four ring induction hob with a modern cooker hood above, and a sink with an extender mixer tap.
The room is heated electrically, and a floor-to-ceiling double-glazed window provide views of front whilst a double glazed window also overlooks the rear. Additionally, there is useful storage cupboard housing for the water heater.

Stairs and Landing
The carpeted stairs lead to the first floor, with a handrail and doors to two bedrooms and the bathroom.

Bedroom One
Measurements: 12'8" x 11'8" (3.85m x 3.55m)
This double bedroom includes carpet flooring, two double-glazed windows overlooking the rear, an electric heater, and a picture rail.

Bedroom Two
Measurements: 12'8" x 8'6" (3.87m x 2.60m)
A double bedroom featuring carpet flooring, a floor-to-ceiling double-glazed window overlooking the front, and an electric heater.

Shower Room
Measurements: 8' 8" x 6'1" (2.64m x 1.85m)
A modern shower room equipped with a walk-in shower and a waterfall showerhead, a frosted double-glazed window overlooking the front, modern tile-effect vinyl flooring, tiled walls, a low flush WC, and a wash basin set in a modern vanity with black accessories and a black towel heater.

Outside
The property includes a parking space under the apartment block and a private entrance

Satellite / Fibre TV Availability
BT
Sky
Virgin

Parking
1 Private off road parking space

Council Tax
Band A

Tenure
Leasehold Approx 125 years from January 2007 Approx 108 years remaining
Service charge - Approx £2500 per annum
Ground Rent - Approx £300 per annum

Floor plans
These floor plans are intended as a rough guide only and are not to be intended as an exact representation and should not be scaled. We cannot confirm the accuracy of the measurements or details of these floor plans.

Viewings
For further information or to arrange a viewing please contact our offices directly.

Free valuations
Considering selling or letting your property?
For a free valuation on your property please do not hesitate to contact us.

DISCLAIMER:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Agent Details

MoveNow Properties, Wakefield

01924 907003

Next Steps?

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