2 Bed Flat, Single Let, Wakefield, WF1 5NT, £129,000

Manygates Lane, Wakefield, WF1 5NT - 2 views - 2 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~68 m²

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£1.9K/m²
Value Estimate	£90,037£90,037

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,250£32,250
Stamp Duty & Legal Fees	£5,070£5,070
Total Cash In	£37,320£37,320

Cash Out
Rent Range	£575 - £995£575 - £995
Rent Estimate	£709
Running Costs/mo	£565£565
Cashflow/mo	£144£144
Cashflow/yr	£1,729£1,729
ROI	5%5%
Gross Yield	7%7%

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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£75K	02/23	0.1 mi	Apartment 1, Hepworth, Woodlands Village, Wakefield, West Yorkshire WF1 5JQ	-	-	2	Flat
£79K	11/22	0.12 mi	Apartment 5, Bronte, Woodlands Village, Wakefield, West Yorkshire WF1 5LH	-	-	2	Flat
£70K	04/22	0.37 mi	214, Barnsley Road, Wakefield, West Yorkshire WF2 6EF	-	-	2	Flat
£90K	08/22	0.65 mi	64, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	-	-	2	Flat
£72.5K	11/21	0.66 mi	37, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	-	-	2	Flat
£68.5K	03/21	0.66 mi	40, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	£1,292	53	2	Flat
£85K	12/23	0.66 mi	37, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	£1,700	50	2	Flat
£67K	12/20	0.66 mi	15, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	£1,314	51	2	Flat
£70K	06/21	0.66 mi	18, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	£1,399	50	2	Flat
£75K	10/20	0.66 mi	44, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	£1,316	57	2	Flat
£73.5K	06/21	0.66 mi	1, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	-	-	2	Flat
£90K	06/23	0.66 mi	20, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	£1,837	49	2	Flat
£75K	03/23	0.66 mi	9, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	£1,471	51	2	Flat
£85K	10/23	0.66 mi	47, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	-	-	2	Flat
£85K	04/23	0.66 mi	24, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED	£1,848	46	2	Flat
£167K	07/22	0.76 mi	18, Helmsley Road, Wakefield, West Yorkshire WF2 6QU	£2,288	73	2	Flat
£73.5K	12/20	0.98 mi	137, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL	£1,148	64	2	Flat
£77K	11/21	0.98 mi	173, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL	£1,305	59	2	Flat
£90K	08/23	0.98 mi	54, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL	£1,525	59	2	Flat
£67K	10/20	0.98 mi	177, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL	£1,136	59	2	Flat
£72K	12/20	0.98 mi	167, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL	£1,125	64	2	Flat
£85K	02/23	0.98 mi	159, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL	£1,328	64	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£575	10/24	0.1 mi	Moore, Woodlands Village, Wakefield, WF1	2	Flat
£725	10/24	0.12 mi	Hockney, Manygates Lane, Wakefield	2	Flat
£750	10/24	0.14 mi	Warren Avenue, Wakefield, West Yorkshire, WF2	2	Terraced House
£725	10/24	0.17 mi	Acme Terrace, Wakefield, West Yorkshire, WF1	2	Terraced House
£700	10/24	0.24 mi	Briar Grove, Agbrigg, Wakefield	2	Flat
£750	02/25	0.33 mi	-	2	Terraced House
£800	02/25	0.36 mi	-	2	Terraced House
£750	03/25	0.36 mi	-	2	Terraced House
£895	10/24	0.36 mi	-	2	Terraced House
£795	02/25	0.36 mi	-	2	Terraced House
£850	10/24	0.49 mi	Navigation Walk, WAKEFIELD	2	Flat
£825	10/24	0.5 mi	Hebble Wharf, Navigation Walk, Wakefield, UK, WF1	2	Flat
£995	10/24	0.5 mi	Manygates Lane, Wakefield, West Yorkshire, WF2	2	Flat
£775	10/24	0.53 mi	Waterside Way, Wakefield, West Yorkshire, WF1	2	Flat

Local Area Statistics

Population in WF1	34,12234,122
Population in Wakefield	126,493126,493
Town centre distance	1.15 miles away1.15 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.39 miles away0.39 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+24%+24%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+25%+25%

Property History

Listed for £129,000

January 21, 2025

Floor Plans

Description

Ground Floor Apartment +
Two Bedrooms +
Parking +
No Ground Rent +
5 Minute Drive To City Centre +
Beautifully Designed +
Reserve With A Refundable £250 Reservation Fee +
Awaiting EPC Rating +

TWO BEDROOM GROUND FLOOR APARTMENT. This thoughtfully designed community of Woodlands Village offers modern living with convenience and accessibility in mind.
Awaiting EPC rating

Discover Chadwick Court, a stunning new development located just a 5-minute drive from Wakefield City Centre. This thoughtfully designed community of Woodlands Village offers modern living with convenience and accessibility in mind. With a lift servicing all floors and each apartment including a designated parking space, Chadwick Court is perfect for a wide range of residents.

The development consists of 18 stylish apartments spread across three storeys, offering a variety of layouts to suit your lifestyle. Completion is expected in Q1 2025, meaning your dream home could be just around the corner.

Choose from beautifully designed 1-bedroom apartments starting at £108,950 or spacious 2-bedroom options from £126,450. With a prime location and excellent features, Chadwick Court is the ideal place to begin your homeownership journey or settle into a vibrant community close to the heart of Wakefield.

Accommodation -

Living/Dining/Kitchen -

Bedroom One -

Bedroom Two -

Bathroom -

Outside - Designated parking space.

Leasehold - The service charge is £1194 (pa). The remaining term of the lease is 999 years (2025).

Agent Details

Richard Kendall, Wakefield

01924 793803

Next Steps?

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

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