2 Bed Flat, Single Let, Wakefield, WF1 1DH, £63,000

20 Market Street, Wakefield, West Yorkshire, WF1 1DH - a month ago

Leasehold
BTL
ROI: 20%
42 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

42 m²
Price/m²£1.5K/m²

Value Estimate

£65,701
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,750

Stamp Duty & Legal Fees

£3,090

Total Cash In

£18,840

 

 

Cash Out

 

Rent Range

£625 - £2,050

Rent Estimate

£663

Running Costs/mo

£349

Cashflow/mo

£314

Cashflow/yr

£3,762

ROI

20%

Gross Yield

13%

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 
£37K11/230.31 mi20a, Sun Lane, Wakefield, West Yorkshire WF1 1JD2
£120K09/210.34 mi44, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£162.5K02/230.34 mi57, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£136K03/230.34 mi37, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£125K08/230.34 mi26, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£142.5K02/230.34 mi24, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£147K11/220.34 mi5, St Christophers Walk, Wakefield, West Yorkshire WF1 2UP2
£71K09/230.41 mi41, Delamere Gardens, Wakefield, West Yorkshire WF1 4LJ2
£80K06/210.48 mi1, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£80K05/210.48 mi2, Cliff Villa Court, Wakefield, West Yorkshire WF1 2DN2
£115K10/200.54 mi15, Mayfair Court, Wakefield, West Yorkshire WF2 8WL2
£95K09/230.54 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
£78K05/230.58 mi4, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£90K04/230.58 mi47, Dickinson Court, Wakefield, West Yorkshire WF1 3PU2
£125K12/200.6 mi29, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£110K03/210.61 mi11, St Johns Court, Wakefield, West Yorkshire WF1 2RY2
£105K07/230.61 mi18, Mill Chase Gardens, Wakefield, West Yorkshire WF2 9SP2
£110K03/220.65 mi44, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£88K07/210.65 mi36, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£100K05/230.65 mi7, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£90K11/210.65 mi34, Mill Chase Road, Wakefield, West Yorkshire WF2 9SL2
£220K07/210.66 mi28, Belgravia Road, Wakefield, West Yorkshire WF1 3JP2
£112K12/230.7 mi22, The Rowick, Wakefield, West Yorkshire WF2 9SY2
£95K09/230.72 mi26, Blenheim Road, Wakefield, West Yorkshire WF1 3JZ2
£101K12/220.73 mi20, The Point, Wakefield, West Yorkshire WF2 9AP2
£108.8K03/210.74 mi32, The Point, Wakefield, West Yorkshire WF2 9AP2
£73.5K12/200.75 mi137, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£77K11/210.75 mi173, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£90K08/230.75 mi54, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£67K10/200.75 mi177, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£72K12/200.75 mi167, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£85K02/230.75 mi159, Howden Way, Eastmoor, Wakefield, West Yorkshire WF1 4PL2
£60K04/230.79 mi12, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£58.3K01/210.79 mi8, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£62.6K12/230.79 mi24, Elizabeth Gardens, Wakefield, West Yorkshire WF1 3SZ2
£79K11/220.96 miApartment 5, Bronte, Woodlands Village, Wakefield, West Yorkshire WF1 5LH2
£75K02/230.99 miApartment 1, Hepworth, Woodlands Village, Wakefield, West Yorkshire WF1 5JQ2

Local Rents

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

RentDateDistanceAddressBeds 
£75010/240.07 miFirth House, Wakefield2
£67512/230.07 mi-2
£82510/240.12 mi-2
£83511/240.12 mi-2
£69511/230.12 mi-2
£62510/240.15 miBack Little Westgate, Wakefield, West Yorkshire, UK, WF12
£75010/240.15 miThe Pinnacle, Ings Road, Wakefield, WF1 1DG2
£62510/240.16 miBarstow Square, Wakefield, West Yorkshire, WF12
£72510/240.17 miWestgate Central, 117 Westgate2
£75010/240.17 mi-2
£82510/240.22 miMulberry House, Burgage Square, Wakefield, West Yorkshire WF12
£70001/250.24 mi-2
£70001/250.24 mi-2
£67502/250.24 mi-2
£82510/240.25 miMulberry House , Burgage Square, Wakefield, West Yorkshire, WF12
£72503/250.27 mi-2
£75003/250.27 mi-2
£70002/240.28 mi-2
£69512/230.31 mi-2
£92511/230.33 mi-2
£1,20003/250.33 mi-2
£95010/240.33 mi-2
£2,05003/250.33 mi-2
£1,05003/250.33 mi-2
£92510/240.33 miCarnforth Avenue, Wakefield2
£84502/240.35 mi-2
£99510/240.35 miCarnforth Avenue, Wakefield, WF1 2GD2
£85010/240.42 miIndustrial Street, Wakefield, West Yorkshire, WF12
£95010/240.42 miFinchdale Close, Wakefield, WF1 2GB2
£75010/240.45 miCliff Villa Court, Wakefield, WF1 2DN2
£95010/240.5 miBrendon Close, Wakefield, WF2 9NB2
£80012/230.55 mi-2
£85001/250.58 mi-2
£67502/250.59 mi-2
£82510/240.59 miHebble Wharf, Navigation Walk, Wakefield, UK, WF12
£85010/240.59 miNavigation Walk, WAKEFIELD2
£67502/250.6 mi-2
£1,05003/250.6 mi-2
£1,15010/240.6 miSt Johns North Wakefield2
£1,20010/240.6 miSt Johns North, Wakefield2
£1,20010/240.6 miSt Johns North, Wakefield2
£1,05012/240.61 mi-2

Local Area Statistics

Population in WF1

34,122

Population in Wakefield

126,493

Town centre distance

0.72 miles away

Nearest school

0.40 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £63,000

January 29, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • CITY CENTRE LOCATION +
  • Service Charge: £3134.04 +
  • Ground Rent: £335.81 +
  • OPEN PLAN KITCHEN/ DINER/ LIVING +
  • MODERN FEEL +
  • SHOWER OVER BATH +
  • ALLOCATED PARKING +
  • CURRENTLY TENANTED +
  • AVAILABLE TO VIEW NOW +

Martin & Co - Wakefield are pleased to bring to the sales market, this very well presented two bedroomed apartment SOLD WITH TENANTS IN SITU. Situated in Wakefield City Centre, Bayheath House is within walking distance to local amenities such as supermarkets, pubs, restaurants and shopping centres. The property includes one allocated parking space, which is ideal for those wanting to commute to work via motorway links. Alternatively, Wakefield Westgate station is a short walk away. 

KITCHEN/DINER/LOUNGE 18' 0" x 16' 6" (5.51m x 5.05m) The open plan living space allows plenty of natural light, through the three large double glazed windows. The kitchen has been fitted along the back wall, including an integrated stainless steel sink/ drainer, electric hob and oven. Base units, both above and below provide plenty of storage for crockery.

The room is large enough for a family sized dining table, great for entertaining friends or family. Leaving enough space, for a lounge area to relax in.
 

MASTER BEDROOM 10' 7" x 9' 6" (3.23m x 2.92m) The master bedroom is a good sized double, again proving to be a light and airy space, due to high ceilings and large double glazed windows.  

SECOND BEDROOM 10' 7" x 6' 5" (3.23m x 1.96m) The second bedroom is a good size single, however it would also make a good office space for home working. Complete with a double glazed window and electric storage heater.  

BATHROOM The bathroom includes shower over bath, pedestal sink, toilet and stainless steel handrail.  

PLEASE NOTE These particulars, whilst believed to be accurate, are set out as a general outline of the property only for guidance and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of fact or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this Firm's employment has the authority to make or give any representation or warranty in respect of the property. 

ADDITIONAL INFORMATION We are required by law to conduct anti-money laundering checks on all those selling or buying a property as prescribed by the Money Laundering Regulations 2017. We retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the checks are carried out by Martin & Co - Wakefield once an instruction to sell a property has been received or had an offer accepted on a property you wish to buy. The cost of these checks is £28.80 (incl. VAT) per person, which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid via bank transfer by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Martin & Co - Wakefield, and is non-refundable.

Agent Details

Martin & Co, Wakefield

01924 201457

Next Steps?

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