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

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

Leasehold
BTL
ROI: 14%
~68 m²
+2 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

£96,000
BMV20%

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 14, 2025

Description

  • Two Bedroom Apartment +
  • Communal Parking +
  • City Centre Location +
  • Great Transport Links +

Located in the town centre of Wakefield, this spacious two bedroom apartment. The property offers entrance hall, lounge with juliet balcony, kitchen, two bedrooms and bathroom. Can be offered with tenant in situ currently paying £715pcm.
125 years from 30 October 2006
GROUND RENT - £250
SERVICE CHARGE - £1,305.32

Agent Details

Bridgfords, Wakefield

01924 793547

Next Steps?

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