2 Bed Flat, Single Let, Wakefield, WF2 7DP, £375,000

222 Manygates Lane, Wakefield, WF2 7DP - 6 months ago

Leasehold
BTL
~136 m²
+16 photos

ValuationOvervalued

Sold Prices£67K - £167K
Sold Prices/m²£1.1K/m² - £2.3K/m²

 

 

Square Metres

~136 m²
Price/m²£2.8K/m²

Value Estimate

£180,614

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Total Cash In

£119,950

 

 

Cash Out

 

Rent Range

£575 - £995

Rent Estimate

£716

Running Costs/mo

£1,335

Cashflow/mo

£-619

Cashflow/yr

£-7,428

Gross Yield

2%

Local Sold Prices

22 sold prices from £67K to £167K, average is £75K. £1.1K/m² to £2.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£75K02/230.1 miApartment 1, Hepworth, Woodlands Village, Wakefield, West Yorkshire WF1 5JQ2
£79K11/220.12 miApartment 5, Bronte, Woodlands Village, Wakefield, West Yorkshire WF1 5LH2
£70K04/220.37 mi214, Barnsley Road, Wakefield, West Yorkshire WF2 6EF2
£90K08/220.65 mi64, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£72.5K11/210.66 mi37, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£68.5K03/210.66 mi40, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£85K12/230.66 mi37, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£67K12/200.66 mi15, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£70K06/210.66 mi18, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£75K10/200.66 mi44, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£73.5K06/210.66 mi1, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£90K06/230.66 mi20, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£75K03/230.66 mi9, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£85K10/230.66 mi47, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£85K04/230.66 mi24, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£167K07/220.76 mi18, Helmsley Road, Wakefield, West Yorkshire WF2 6QU2
£73.5K12/200.98 mi137, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£77K11/210.98 mi173, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£90K08/230.98 mi54, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£67K10/200.98 mi177, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£72K12/200.98 mi167, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£85K02/230.98 mi159, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2

Local Rents

14 rents from £575/mo to £995/mo, average is £763/mo.

RentDateDistanceAddressBeds 
£57510/240.1 miMoore, Woodlands Village, Wakefield, WF12
£72510/240.12 miHockney, Manygates Lane, Wakefield2
£75010/240.14 miWarren Avenue, Wakefield, West Yorkshire, WF22
£72510/240.17 miAcme Terrace, Wakefield, West Yorkshire, WF12
£70010/240.24 miBriar Grove, Agbrigg, Wakefield2
£75002/250.33 mi-2
£80002/250.36 mi-2
£75003/250.36 mi-2
£89510/240.36 mi-2
£79502/250.36 mi-2
£85010/240.49 miNavigation Walk, WAKEFIELD2
£82510/240.5 miHebble Wharf, Navigation Walk, Wakefield, UK, WF12
£99510/240.5 miManygates Lane, Wakefield, West Yorkshire, WF22
£77510/240.53 miWaterside Way, Wakefield, West Yorkshire, WF12

Local Area Statistics

Population in WF2

50,884

Population in Wakefield

126,493

Town centre distance

1.15 miles away

Nearest school

0.30 miles away

Nearest train station

0.39 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £375,000

February 25, 2025

Listed for £385,000

September 20, 2024

Floor Plans

Description

  • Stunning Penthouse apartment +
  • Far reaching views +
  • Two double bedrooms +
  • Living area with vaulted celing +
  • Contemporary kitchen +
  • En suite to bedroom 1 +
  • Snug/office +
  • Garage +
  • Popular commuter location +
  • Viewing strongly recommended +

An outstanding Penthouse apartment which has been thoughtfully developed by the present owner to provide well planned, spacious living accommodation offering a high level specification which is in keeping with the character of the building.
Located within a highly regarded residential area, ideally placed for commuters the property provides stunning and far reaching elevated views.
A viewing is essential and will reveal accommodation comprising entrance hall, split level open plan living area with vaulted celling and kitchen. Two double bedrooms (1 en suite) and an impressive main bathroom with four piece suite. A feature glazed/oak staircase leads from the hall to the snug/office with glazed balustrade and Velux windows, a beautiful and quiet area that could be used for a variety of purposes.
This property also benefits from off road parking along with an integral single garage.

Tenure - This property is Leasehold - 999 year lease from 2019. Ground rent £5 per annum. Annual Service Charge £1080.

Services - Connected to mains water, electricity, drainage and gas.

Council Tax - Wakefield Council Band B

Agent Details

Hodsons Estate Agents, Wakefield

01924 907005

Next Steps?

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