4 Bed HMO, Wakefield, WF1 5LU £190,000

Ashdown Road, Wakefield WF1 5LU - a year ago
Sold STC
HMO
ROI: 11%
~145 m²
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+3 photos

ValuationUndervalued

Sold Prices£190K - £955K
Sold Prices/m²£1.6K/m² - £4.2K/m²

 

 

Square Metres

~144.60 m²
Price/m²£1.3K/m²

Value Estimate

£233,700
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Total Cash In

£59,500

 

 

Cash Out

 

Room Rate

£494

Gross Rent

£1,976

Running Costs/mo

£1,448

Cashflow/mo

£528

Cashflow/yr

£6,338

ROI

11%

Gross Yield

12%

Local Sold Prices

50 sold prices from £190K to £955K, average is £340K. £1.6K/m² to £4.2K/m², average is £3K/m².

Price
Date
Distance
Address
Beds
 
£195K09/230.33 mi37, Welbeck Street, Wakefield, West Yorkshire WF1 5LD4
£400K06/210.38 mi99, Manygates Lane, Sandal, Wakefield, West Yorkshire WF2 7DL4
£410K08/210.38 mi107, Manygates Lane, Wakefield, West Yorkshire WF2 7DL4
£305K11/210.43 mi14, Belle Isle Avenue, Wakefield, West Yorkshire WF1 5JY4
£235K05/250.52 mi29, Temple Court, Wakefield WF1 5DH4
£235K05/250.52 mi29, Temple Court, Wakefield WF1 5DH4
£240K03/250.52 mi27, Temple Court, Wakefield WF1 5DH4
£240K03/250.52 mi27, Temple Court, Wakefield WF1 5DH4
£382.5K09/210.53 mi21, Harwood Close, Sandal, Wakefield, West Yorkshire WF2 6QY4
£230K01/250.56 mi43, Chancel Road, Wakefield WF1 5JH4
£295K03/250.57 mi7, Holt Avenue, Wakefield WF1 5GG4
£295K03/250.57 mi7, Holt Avenue, Wakefield WF1 5GG4
£475K09/230.59 mi23, South Drive, Wakefield, West Yorkshire WF2 7ND4
£330K03/250.6 mi97, Little Wood Crescent, Wakefield WF1 5FH4
£330K03/250.6 mi97, Little Wood Crescent, Wakefield WF1 5FH4
£455K08/230.61 mi8, Roberts Way, Wakefield, West Yorkshire WF2 6ST4
£340K01/250.64 mi9, St Johns View, Wakefield WF1 5FN4
£255K09/210.64 mi14, Sandal Cliff, Wakefield, West Yorkshire WF2 6AU4
£340K08/250.64 mi3, St Johns View, Wakefield WF1 5FN4
£360K12/240.67 mi21, Beechfield, Wakefield WF2 6AW4
£283K01/250.67 mi29, Sandal Cliff, Wakefield WF2 6AU4
£360K12/240.68 mi24, Thornleigh Crescent, Wakefield WF2 7RL4
£475K02/230.68 mi16, St Helens Grove, Wakefield, West Yorkshire WF2 6RR4
£399K06/210.69 mi12, Rosedale Avenue, Wakefield, West Yorkshire WF2 6EP4
£630K10/210.7 mi185, Manygates Lane, Wakefield, West Yorkshire WF2 7DR4
£550K12/230.7 mi165, Manygates Lane, Sandal, Wakefield, West Yorkshire WF2 7DR4
£640K05/240.71 mi24, Marriott Grove, Wakefield WF2 6RP4
£530K01/250.71 mi22, Lime Crescent, Wakefield WF2 6RY4
£463K01/230.72 mi15, Mountbatten Avenue, Sandal, Wakefield, West Yorkshire WF2 6EY4
£386K11/230.72 mi11a, Mountbatten Avenue, Wakefield WF2 6EY4
£260K05/250.76 mi15, Carnlea Grove, Wakefield WF2 7RZ4
£315K07/230.78 mi4, Holmfield Avenue, Wakefield, West Yorkshire WF2 7AF4
£465K12/240.79 mi26, Stillwell Drive, Wakefield WF2 6RS4
£465K05/250.8 mi30, Stillwell Drive, Wakefield WF2 6RS4
£465K05/250.8 mi30, Stillwell Drive, Wakefield WF2 6RS4
£665K09/230.82 mi2, Sandal Grange Gardens, Wakefield, West Yorkshire WF2 6RQ4
£335K07/230.86 mi8, Horne Street, Wakefield, West Yorkshire WF2 8EA4
£290K09/230.87 mi119, Denby Dale Road, Wakefield, West Yorkshire WF2 8EB4
£190K05/210.87 mi121, Denby Dale Road, Wakefield, West Yorkshire WF2 8EB4
£400K03/230.88 mi31, Stopford Avenue, Wakefield, West Yorkshire WF2 6RH4
£390K05/210.88 mi26, Stopford Avenue, Wakefield, West Yorkshire WF2 6RH4
£955K03/250.88 mi2, Chevet Lane, Wakefield WF2 6HL4
£306K05/250.92 mi96, Mountbatten Avenue, Wakefield WF2 6HE4
£306K05/250.92 mi96, Mountbatten Avenue, Wakefield WF2 6HE4
£231K12/220.92 mi85, Denby Dale Road, Wakefield, West Yorkshire WF2 8DJ4
£305K02/240.93 mi1, Attlee Crescent, Wakefield WF2 6RF4
£397.5K06/210.94 mi8, Castle View, Wakefield, West Yorkshire WF2 7HZ4
£365K11/210.94 mi50, Sinclair Garth, Wakefield, West Yorkshire WF2 6RE4
£315K05/210.94 mi48, Sinclair Garth, Wakefield, West Yorkshire WF2 6RE4
£207.5K08/210.95 mi272, Doncaster Road, Crofton, Wakefield, West Yorkshire WF4 1SD4

Local Area Statistics

Population in WF1

34,122

Population in Wakefield

126,493

Town centre distance

1.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £190,000

January 20, 2025

Listed for £200,000

July 23, 2024

Floor Plans

Property image

Description

  • Four bed family home +
  • HMO licensed for five bedrooms +
  • Neutral decor +
  • Basement room with garden access +
  • Lounge with kitchen diner +
  • Attic bedrooms with eaves storage +
  • On street parking +
  • Low maintenance front and rear garden +
  • Close to schools, Wakefield centre +
  • Potential for investment +

This versatile four-bedroom family home presents an excellent opportunity for both residential living and investment purposes. Previously used as an HMO and currently holding an HMO license, the property offers ample space and neutral decor throughout. The ground floor features a basement room with garden access, a separate WC, utility room, and additional storage space. The first floor hosts a lounge with a kitchen diner leading to the basement, while the second floor comprises the master bedroom, family bathroom, and a second bedroom with storage space.

The third floor of the property boasts two additional bedrooms, each with storage in the eaves of the attic space and Velux windows providing abundant natural light. Outside, on-street parking is available to the front of the property, with a low-maintenance, gated yard allowing for privacy and access to the first floor. The rear garden, with double gates potentially for driveway use, is perfect for entertaining or children's play, offering a convenient and enjoyable outdoor space.

Situated in a sought-after area near Wakefield town centre, the property benefits from its ideal location, close to primary and secondary schools. Residents can enjoy the convenience of nearby amenities while appreciating the peaceful surroundings in this desirable neighbourhood. Whether seeking a comfortable family home or a promising investment opportunity, this property offers a versatile and well-equipped living space in a prime residential location.

Agent Details

Preston Baker, Doncaster

0113 519 5388

Next Steps?

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