2 Bed Flat, Single Let, Wakefield, WF2 9AP, £125,000

22 The Point, Wakefield, WF2 9AP - 3 months ago

Leasehold
BTL
ROI: 5%
62 m²
+3 photos

ValuationOvervalued

Sold Prices£67K - £220K
Sold Prices/m²£1.3K/m² - £2.4K/m²

 

 

Square Metres

62 m²
Price/m²£2K/m²

Value Estimate

£105,352

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£695 - £2,050

Rent Estimate

£725

Running Costs/mo

£556

Cashflow/mo

£169

Cashflow/yr

£2,033

ROI

5%

Gross Yield

7%

Local Sold Prices

33 sold prices from £67K to £220K, average is £105K. £1.3K/m² to £2.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£101K12/220.01 mi20, The Point, Wakefield, West Yorkshire WF2 9AP2
£108.8K03/210.02 mi32, The Point, Wakefield, West Yorkshire WF2 9AP2
£112K12/230.03 mi22, The Rowick, Wakefield, West Yorkshire WF2 9SY2
£88K07/210.09 mi36, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£100K05/230.09 mi7, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£90K11/210.09 mi34, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£110K03/220.09 mi44, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£105K07/230.12 mi18, Mill Chase Gardens, Wakefield, West Yorkshire WF2 9SP2
£107K07/230.31 mi9, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£100K02/230.31 mi10, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£115K10/200.34 mi15, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£95K09/230.34 mi20, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£81K03/240.55 mi6, Meadow Croft, Wakefield, West Yorkshire WF2 0DJ2
£80K06/210.6 mi1, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£80K05/210.6 mi2, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£120K09/210.61 mi44, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£162.5K02/230.61 mi57, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£136K03/230.61 mi37, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£125K08/230.61 mi26, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£142.5K02/230.61 mi24, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£147K11/220.61 mi5, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£125K12/200.69 mi29, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£110K03/210.7 mi11, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£76K07/230.76 mi18, Tyrrell Court, Wakefield, West Yorkshire WF2 9JP2
£140K04/240.81 mi21, Fairway View, Wakefield, West Yorkshire WF2 8UR2
£120K07/210.81 mi21, Fairway View, Wakefield, West Yorkshire WF2 8UR2
£95K10/210.82 mi8, Cartwright Fold, Wakefield, West Yorkshire WF2 9UB2
£220K07/210.84 mi28, Belgravia Road, Wakefield, West Yorkshire WF1 3JP2
£83K06/210.85 mi9, Weavers Chase, Wakefield, West Yorkshire WF2 9UE2
£81.3K07/210.85 mi7, Weavers Chase, Wakefield, West Yorkshire WF2 9UE2
£67K04/240.98 mi43, Brackendale Road, Wakefield, West Yorkshire WF2 8WA2
£68K04/240.98 mi41, Brackendale Road, Wakefield, West Yorkshire WF2 8WA2
£95K09/230.99 mi26, Blenheim Road, Wakefield, West Yorkshire WF1 3JZ2

Local Rents

21 rents from £695/mo to £2K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£72511/240.11 mi-2
£69510/240.13 miAlverthorpe Road, Wakefield, West Yorkshire, UK, WF22
£85001/250.16 mi-2
£75010/240.18 mi-2
£95010/240.22 miBrendon Close, Wakefield, WF2 9NB2
£82503/250.45 mi-2
£1,35003/250.47 mi-2
£89502/250.54 mi-2
£75010/240.54 miCliff Villa Court, Wakefield, WF1 2DN2
£72510/240.57 miWestgate Central, 117 Westgate2
£95010/240.57 miFinchdale Close, Wakefield, WF1 2GB2
£92510/240.58 miCarnforth Avenue, Wakefield2
£1,20003/250.59 mi-2
£95010/240.59 mi-2
£2,05003/250.59 mi-2
£1,05003/250.59 mi-2
£82510/240.59 miMulberry House , Burgage Square, Wakefield, West Yorkshire, WF12
£99510/240.59 miCarnforth Avenue, Wakefield, WF1 2GD2
£92511/230.6 mi-2
£84502/240.61 mi-2
£82510/240.62 miMulberry House, Burgage Square, Wakefield, West Yorkshire WF12

Local Area Statistics

Population in WF2

50,884

Population in Wakefield

126,493

Town centre distance

0.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.52 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £125,000

December 18, 2024

Floor Plans

Description

  • Apartment +
  • Ground Floor +
  • Two Bedrooms +
  • Open Plan Lounge/Kitchen +
  • Allocated Parking Space +
  • Nearby Amenities +
  • Virtual Tour Available +
  • EPC Rating C78 +

A lovely TWO DOUBLE BEDROOM ground floor apartment with allocated parking space, ideal for a professional person or couple. Situated close to Wakefield Westgate Railway Station.
EPC rating C78

Situated close to Wakefield city centre is this well presented two bedroom ground floor apartment with allocated parking space, open plan kitchen living and is ideal for a professional person or couple. Situated close to Wakefield Westgate Railway Station.

The property fully comprises of hallway, open plan kitchen/lounge with dining area, two double bedrooms and bathroom with separate shower cubicle. Outside, one allocated parking space is provided on the off road parking area.

The property is ideally placed for local shops and amenities and is only a short distance away from Wakefield city centre and is within walking distance of Westgate train station for the regular commuter.

Ready to move into, would make a fantastic first time home or rental investment and a viewing is hihgly recommended.

Accommodation -

Entrance Hallway - Entrance door, central heating radiator, built in storage cupboard, doors to the open plan living kitchen, two bedrooms and bathroom/w.c.

Open Plan Living Kitchen - 6.62m x 4.67m max (21'8" x 15'3" max) - Three UPVC double glazed windows to the side, two central heating radiators and the kitchen section has a modern fitted kitchen with wall and base units for storage, black laminate worktops, black 1 1/2 sink and drainer unit, laminate flooring, central heating radiator, space for fridge freezer, space for a washing machine and dryer, integrated gas hob, oven and cooker hood.

Bedroom One - 3.26m x 3.21m (10'8" x 10'6" ) - UPVC double glazed window to the front elevation, central heating radiator.

Bedroom Two - 3.21m x 3.2m (10'6" x 10'5") - UPVC double glazed window to the front elevation, central heating radiator.

Bathroom/W.C. - 2.5m x 2.47m (8'2" x 8'1") - Corner shower cubicle with glass screen and wall mounted shower, bath, wash hand basin with mixer tap and w.c., central heating radiator.

Outside - The property has a parking space.

Leasehold - The service charge is £1,701.57 (pa) and ground rent £50.00 (pa). The remaining term of the lease is 105 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.

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

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

Agent Details

Richard Kendall, Wakefield

01924 793803

Next Steps?

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