2 Bed Flat, Single Let, Wakefield, WF1 1DE, £80,000

Ings Road, Wakefield, WF1 1DE - 2 months ago

Leasehold
BTL
ROI: 14%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£96,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£625 - £2,050

Rent Estimate

£715

Running Costs/mo

£413

Cashflow/mo

£302

Cashflow/yr

£3,624

ROI

14%

Gross Yield

11%

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 
£37K11/230.34 mi20a, Sun Lane, Wakefield, West Yorkshire WF1 1JD2
£71K09/230.46 mi41, Delamere Gardens, Wakefield, West Yorkshire WF1 4LJ2
£120K09/210.46 mi44, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£162.5K02/230.46 mi57, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£136K03/230.46 mi37, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£125K08/230.46 mi26, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£142.5K02/230.46 mi24, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£147K11/220.46 mi5, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£115K10/200.53 mi15, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£95K09/230.53 mi20, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£100K02/230.56 mi10, Barrass Yard, Wakefield, West Yorkshire WF2 8WJ2
£107K07/230.56 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
£105K07/230.65 mi18, Mill Chase Gardens, Wakefield, West Yorkshire WF2 9SP2
£78K05/230.69 mi4, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£90K04/230.69 mi47, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£110K03/220.7 mi44, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£88K07/210.7 mi36, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£100K05/230.7 mi7, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£90K11/210.7 mi34, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£125K12/200.72 mi29, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£110K03/210.72 mi11, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£73.5K12/200.72 mi137, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£77K11/210.72 mi173, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£90K08/230.72 mi54, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£67K10/200.72 mi177, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£72K12/200.72 mi167, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£85K02/230.72 mi159, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£112K12/230.74 mi22, The Rowick, Wakefield, West Yorkshire WF2 9SY2
£101K12/220.78 mi20, The Point, Wakefield, West Yorkshire WF2 9AP2
£220K07/210.78 mi28, Belgravia Road, Wakefield, West Yorkshire WF1 3JP2
£108.8K03/210.79 mi32, The Point, Wakefield, West Yorkshire WF2 9AP2
£95K09/230.83 mi26, Blenheim Road, Wakefield, West Yorkshire WF1 3JZ2
£79K11/220.84 miApartment 5, Bronte, Woodlands Village, Wakefield, West Yorkshire WF1 5LH2
£75K02/230.87 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

34 rents from £625/mo to £2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£69511/230.01 mi-2
£75010/240.04 miThe Pinnacle, Ings Road, Wakefield, WF1 1DG2
£75010/240.13 miFirth House, Wakefield2
£67512/230.19 mi-2
£75003/250.2 mi-2
£82510/240.23 mi-2
£83511/240.23 mi-2
£62510/240.24 miBack Little Westgate, Wakefield, West Yorkshire, UK, WF12
£69512/230.24 mi-2
£72510/240.25 miWestgate Central, 117 Westgate2
£62510/240.28 miBarstow Square, Wakefield, West Yorkshire, WF12
£75010/240.28 mi-2
£72503/250.3 mi-2
£70002/240.31 mi-2
£82510/240.33 miMulberry House, Burgage Square, Wakefield, West Yorkshire WF12
£82510/240.36 miMulberry House , Burgage Square, Wakefield, West Yorkshire, WF12
£70001/250.36 mi-2
£70001/250.36 mi-2
£67502/250.36 mi-2
£92511/230.44 mi-2
£1,20003/250.45 mi-2
£95010/240.45 mi-2
£2,05003/250.45 mi-2
£1,05003/250.45 mi-2
£92510/240.45 miCarnforth Avenue, Wakefield2
£84502/240.46 mi-2
£99510/240.46 miCarnforth Avenue, Wakefield, WF1 2GD2
£85010/240.49 miNavigation Walk, WAKEFIELD2
£82510/240.49 miHebble Wharf, Navigation Walk, Wakefield, UK, WF12
£85010/240.52 miIndustrial Street, Wakefield, West Yorkshire, WF12
£95010/240.53 miFinchdale Close, Wakefield, WF1 2GB2
£95010/240.54 miBrendon Close, Wakefield, WF2 9NB2
£75010/240.56 miCliff Villa Court, Wakefield, WF1 2DN2
£77510/240.58 miWaterside Way, Wakefield, West Yorkshire, WF12

Local Area Statistics

Population in WF1

34,122

Population in Wakefield

126,493

Town centre distance

0.68 miles away

Nearest school

0.40 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £80,000

February 21, 2025

Listed for £85,000

January 13, 2025

Description

  • Two Double Bedrooms +

  • Open Plan Living / Dining Room +

  • Secure Building Access +

  • Sought After Location +

SUMMARY
Offered to the market is this well proportioned two bedroom apartment in the city centre location of Wakefield.

DESCRIPTION
Offered to the market is this well proportioned two bedroom apartment in the city centre location of Wakefield.
The property briefly comprise of entrance hall, spacious lounge/diner, modern fitted kitchen, two double bedrooms and main bathroom.If you are interested in an apartment like this one, Call us today! Can be sold with tenant in situ current rent £715pcm.125 years from 30 October 2006

Entrance 

Kitchen 8' 2" max x 8' 2" max ( 2.49m max x 2.49m max )

Living Room 22' 11" max x 13' 2" max ( 6.99m max x 4.01m max )

Bedroom 1  10' 5" max x 9' 11" max ( 3.17m max x 3.02m max )

Bedroom 2  10' 5" max x 9' 11" max ( 3.17m max x 3.02m max )

Bathroom 9' 3" max x 8' 2" max ( 2.82m max x 2.49m max )

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Wakefield

01924 908264

Next Steps?

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