2 Bed Flat, Single Let, Wakefield, WF1 1DG, £75,000

The Pinnacle, Ings Road, Wakefield, WF1 1DG 1DE - 3 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£92,250
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£625 - £2,050

Rent Estimate

£625

Running Costs/mo

£379

Cashflow/mo

£246

Cashflow/yr

£2,948

ROI

13%

Gross Yield

10%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£37K11/230.36 mi20a, Sun Lane, Wakefield, West Yorkshire WF1 1JD2
£120K09/210.45 mi44, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£162.5K02/230.45 mi57, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£136K03/230.45 mi37, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£125K08/230.45 mi26, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£142.5K02/230.45 mi24, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£147K11/220.45 mi5, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£71K09/230.47 mi41, Delamere Gardens, Wakefield, West Yorkshire WF1 4LJ2
£115K10/200.51 mi15, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£95K09/230.51 mi20, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£100K02/230.54 mi10, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£107K07/230.54 mi9, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£80K06/210.59 mi1, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£80K05/210.59 mi2, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£105K07/230.63 mi18, Mill Chase Gardens, Wakefield, West Yorkshire WF2 9SP2
£110K03/220.68 mi44, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£88K07/210.68 mi36, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£100K05/230.68 mi7, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£90K11/210.68 mi34, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£78K05/230.7 mi4, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£90K04/230.7 mi47, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£125K12/200.71 mi29, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£112K12/230.72 mi22, The Rowick, Wakefield, West Yorkshire WF2 9SY2
£110K03/210.72 mi11, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£73.5K12/200.74 mi137, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£77K11/210.74 mi173, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£90K08/230.74 mi54, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£67K10/200.74 mi177, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£72K12/200.74 mi167, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£85K02/230.74 mi159, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£101K12/220.76 mi20, The Point, Wakefield, West Yorkshire WF2 9AP2
£108.8K03/210.77 mi32, The Point, Wakefield, West Yorkshire WF2 9AP2
£220K07/210.78 mi28, Belgravia Road, Wakefield, West Yorkshire WF1 3JP2
£95K09/230.84 mi26, Blenheim Road, Wakefield, West Yorkshire WF1 3JZ2
£79K11/220.85 miApartment 5, Bronte, Woodlands Village, Wakefield, West Yorkshire WF1 5LH2
£75K02/230.88 miApartment 1, Hepworth, Woodlands Village, Wakefield, West Yorkshire WF1 5JQ2
£60K04/230.9 mi12, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£58.3K01/210.9 mi8, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£62.6K12/230.9 mi24, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2

Local Rents

35 rents from £625/mo to £2K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£69511/230.02 mi-2
£75010/240.06 miThe Pinnacle, Ings Road, Wakefield, WF1 1DG2
£75010/240.14 miFirth House, Wakefield2
£67512/230.19 mi-2
£75003/250.22 mi-2
£82510/240.23 mi-2
£83511/240.23 mi-2
£72510/240.24 miWestgate Central, 117 Westgate2
£62510/240.25 miBack Little Westgate, Wakefield, West Yorkshire, UK, WF12
£69512/230.26 mi-2
£75010/240.28 mi-2
£62510/240.28 miBarstow Square, Wakefield, West Yorkshire, WF12
£72503/250.31 mi-2
£82510/240.33 miMulberry House, Burgage Square, Wakefield, West Yorkshire WF12
£70002/240.33 mi-2
£82510/240.35 miMulberry House , Burgage Square, Wakefield, West Yorkshire, WF12
£70001/250.36 mi-2
£70001/250.36 mi-2
£67502/250.36 mi-2
£92511/230.43 mi-2
£1,20003/250.44 mi-2
£95010/240.44 mi-2
£2,05003/250.44 mi-2
£1,05003/250.44 mi-2
£92510/240.44 miCarnforth Avenue, Wakefield2
£84502/240.46 mi-2
£99510/240.46 miCarnforth Avenue, Wakefield, WF1 2GD2
£85010/240.49 miNavigation Walk, WAKEFIELD2
£82510/240.5 miHebble Wharf, Navigation Walk, Wakefield, UK, WF12
£95010/240.52 miBrendon Close, Wakefield, WF2 9NB2
£85010/240.53 miIndustrial Street, Wakefield, West Yorkshire, WF12
£95010/240.53 miFinchdale Close, Wakefield, WF1 2GB2
£75010/240.55 miCliff Villa Court, Wakefield, WF1 2DN2
£77510/240.59 miWaterside Way, Wakefield, West Yorkshire, WF12
£85001/250.62 mi-2

Local Area Statistics

Population in WF1

34,122

Population in Wakefield

126,493

Town centre distance

0.66 miles away

Nearest school

0.40 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £75,000

November 29, 2024

Floor Plans

Description

  • Two generously sized double bedrooms. +
  • Located in a sought-after gated complex. +
  • Spacious and well-maintained throughout. +
  • Juliet balcony offering bright, airy living space. +
  • Tenants currently in Situ +
  • Convenient lift access and intercom entry system. +

SmoothSale is delighted to present this beautifully maintained tenanted two-bedroom apartment within the highly desirable gated development, The Pinnacle, Wakefield. Designed for modern living, this property combines style, comfort, and practicality.

The apartment opens into a spacious entrance hall that provides access to all rooms. The two double bedrooms are well-proportioned, while the family bathroom offers both a separate bath and a large walk-in shower. The bright and airy living room features patio doors that open to a Juliet balcony, flooding the space with natural light.

The contemporary fitted kitchen boasts integrated appliances, including an electric hob, oven, microwave, and fridge freezer, making it ideal for cooking and entertaining. Additional features include electric heating, an intercom entry system, and alarm for added security.

Situated adjacent to a large retail park, the property offers convenient shopping and dining options. Excellent public transport links provide easy access to Wakefield Town Centre, making this apartment perfect for professionals, first-time buyers, or investors alike.

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You can secure this property with an optional reservation deposit of £2,500. This forms part of the property's total purchase price and is not an additional fee. The deposit draws up a legally binding exclusivity agreement which gives exclusive rights to purchase the property within an agreed timeframe.

The reservation deposit guarantees that the seller will remove their property from the market as soon as the offer is accepted and the deposit is paid. This means that the property is reserved for you, giving you time to complete the sale without the risk of being gazumped.

The fixed exclusivity period (typically 8-10 weeks) allows you to prepare financing, surveys and property searches with the confidence that you aren't wasting money on a sale that may fall through.

Speak to one of our property specialists about our reservation deposit scheme to find out more.

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These particulars, whilst believed to be accurate, are set out as a general outline and are only intended as guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by SmoothSale has the authority to make or give any representation or warranty in respect of the property. Photographs are reproduced for general information and it must not be inferred that any item shown is included for sale with the property. Prospective purchasers are advised to inspect the property and commission an expert report where appropriate.

Agent Details

SmoothSale, Leeds

0117 463 2797

Next Steps?

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