2 Bed Terraced House, Refurb/BRRR, Wakefield, WF2 6JY, £225,000

35 The Balk, Walton, Wakefield, WF2 6JY - 1 views - 2 months ago

Refurb/BRRR
Planning
ROI: 3%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£55K - £325K
Sold Prices/m²£786/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£112,134

 

 

End Value (After Refurb)

£180,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£26,951

Bridging Loan Interest

£5,906

Total Cash In

£98,808

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,000

Mortgage (After Refinance)

£135,000

Mortgage LTV

75%

Cash Left In

£98,808

Equity

£45,000

Rent Range

£442 - £3,800

Rent Estimate

£1,029

Running Costs/mo

£788

Cashflow/mo

£241

Cashflow/yr

£2,888

ROI

3%

Gross Yield

5%

Local Sold Prices

51 sold prices from £55K to £325K, average is £165K. £786/m² to £4.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£240K12/200.23 mi57, School Lane, Walton, Wakefield, West Yorkshire WF2 6NR2
£300K03/210.27 mi11, Woodfield Park, Walton, Wakefield, West Yorkshire WF2 6PL2
£220K11/200.29 mi21, Beech Croft, Walton, Wakefield, West Yorkshire WF2 6NY2
£190K02/210.31 mi25, Thornhill Croft, Walton, Wakefield, West Yorkshire WF2 6NU2
£180K12/210.31 mi3, Thornhill Croft, Walton, Wakefield, West Yorkshire WF2 6NU2
£140K02/230.37 mi22, Brooklands Road, Walton, Wakefield, West Yorkshire WF2 6LY2
£190K11/200.41 mi3, Elmwood Drive, Walton, Wakefield, West Yorkshire WF2 6LT2
£180K03/240.42 mi4, School Lane, Walton, Wakefield, West Yorkshire WF2 6PQ2
£164K03/230.44 mi8, Manor Road, Walton, Wakefield, West Yorkshire WF2 6PB2
£178K12/230.7 mi93, Oakenshaw Lane, Walton, Wakefield, West Yorkshire WF2 6NJ2
£230K07/210.9 mi31, Attlee Crescent, Wakefield, West Yorkshire WF2 6RD2
£312K01/240.94 mi6, Wingate Grove, Wakefield, West Yorkshire WF2 6HA2
£280K10/230.94 mi23, Wingate Grove, Wakefield, West Yorkshire WF2 6HA2
£262.5K12/200.99 mi49, Marriott Grove, Wakefield, West Yorkshire WF2 6RX2
£295K08/231.01 mi3, Stillwell Garth, Wakefield, West Yorkshire WF2 6RW2
£179K03/211.11 mi2, Woolgreaves Garth, Wakefield, West Yorkshire WF2 6DY2
£210K06/211.11 mi6, Woolgreaves Garth, Wakefield, West Yorkshire WF2 6DY2
£170K02/211.13 mi37, Woolgreaves Drive, Wakefield, West Yorkshire WF2 6DS2
£208K08/231.13 mi43, Woolgreaves Drive, Wakefield, West Yorkshire WF2 6DS2
£154.9K04/211.14 mi28, Woolgreaves Drive, Wakefield, West Yorkshire WF2 6DP2
£90K06/231.14 mi42, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£90K06/231.14 mi42, Sandal Hall Mews, Wakefield, West Yorkshire WF2 6ED2
£210K02/231.15 mi32, Woolgreaves Drive, Wakefield, West Yorkshire WF2 6DR2
£165K11/201.17 mi50, Woolgreaves Drive, Wakefield, West Yorkshire WF2 6DR2
£190K07/231.17 mi50, Woolgreaves Drive, Wakefield, West Yorkshire WF2 6DR2
£230K01/231.23 mi42, Castle View, Wakefield, West Yorkshire WF2 7HZ2
£300K12/231.23 mi15a, Castle Road, Wakefield, West Yorkshire WF2 7LU2
£208K08/231.24 mi3, Castle View, Wakefield, West Yorkshire WF2 7HZ2
£289.9K03/241.24 mi8, Malt Kiln Croft, Wakefield, West Yorkshire WF2 7LL2
£112.5K03/211.4 mi48, Station Street, Wakefield, West Yorkshire WF1 5AF2
£110K12/231.43 mi37, Newland Street, Wakefield, West Yorkshire WF1 5AH2
£125K03/211.45 mi48, Agbrigg Road, Wakefield, West Yorkshire WF1 5AQ2
£150K03/211.48 mi8, The Avenue, Crofton, Wakefield, West Yorkshire WF4 1NB2
£104K01/231.51 mi53, Bowman Street, Wakefield, West Yorkshire WF1 5AX2
£325K10/231.52 mi27, Hill Road, Newmillerdam, Wakefield, West Yorkshire WF2 6QD2
£85K06/211.52 mi40, Gordon Street, Wakefield, West Yorkshire WF1 5AT2
£235K06/231.53 mi62, Manygates Lane, Sandal, Wakefield, West Yorkshire WF2 7DG2
£58K01/211.54 mi17, Bowman Street, Wakefield, West Yorkshire WF1 5AX2
£75K12/201.54 mi47, Bowman Street, Wakefield, West Yorkshire WF1 5AX2
£69.5K05/231.54 mi16, Bowman Street, Wakefield, West Yorkshire WF1 5AX2
£97K06/231.54 mi12, Bowman Street, Wakefield, West Yorkshire WF1 5AX2
£62K02/211.55 mi17, Grosvenor Street, Wakefield, West Yorkshire WF1 5BG2
£140K07/231.55 mi7, Silkstone Crescent, Wakefield, West Yorkshire WF2 7ET2
£77.5K03/211.57 mi21, Fieldhouse Street, Wakefield, West Yorkshire WF1 5BQ2
£135K03/231.57 mi4, Fieldhouse Street, Wakefield, West Yorkshire WF1 5BQ2
£135K10/201.57 mi38, Silkstone Crescent, Wakefield, West Yorkshire WF2 7EX2
£92.5K11/211.58 mi17, Warwick Street, Wakefield, West Yorkshire WF1 5BJ2
£55K03/231.59 mi126, Agbrigg Road, Wakefield, West Yorkshire WF1 5BL2
£93K11/201.62 mi23, Hudswell Street, Wakefield, West Yorkshire WF1 5NA2
£98K12/221.62 mi4, Hudswell Street, Wakefield, West Yorkshire WF1 5NA2
£135K03/241.62 mi19, Cawthorne Road, Wakefield, West Yorkshire WF2 7HW2

Local Rents

50 rents from £442/mo to £3.8K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£1,10010/240.29 miBeech Croft, Walton, Wakefield, West Yorkshire, WF23
£1,37510/240.42 miSchool Lane, Walton4
£82510/240.7 miOakenshaw Lane, Walton2
£1,90010/240.77 miMartin Grove, Off Chevet Lane, Sandal, Wakefield4
£79510/240.9 miBishop's Croft, Wakefield, West Yorkshire, UK, WF22
£95010/240.92 miWoodthorpe Lane, Wakefield, West Yorkshire, WF22
£89510/240.93 miMountbatten Avenue, Sandal, Wakefield, West Yorkshire, WF22
£85010/240.94 miWingate Grove, Wakefield, WF2 6HA2
£1,50010/240.95 miSinclair Garth, Wakefield, West Yorkshire, WF24
£1,15010/240.95 miStillwell Drive, Wakefield, WF22
£1,09510/241.18 miSandal Cliff, Sandal, WF2 6AU4
£1,10010/241.22 miCastle View, Wakefield, WF2 7UZ3
£95010/241.24 miCastle View, Wakefield, West Yorkshire, WF22
£1,42510/241.34 mi-4
£72504/251.4 mi-2
£80002/251.44 mi-2
£72504/251.44 mi-2
£99510/241.45 miManygates Lane, Wakefield, West Yorkshire, WF22
£90010/241.5 mi-3
£90003/251.5 mi-3
£89510/241.53 mi-2
£79503/251.53 mi-2
£76011/241.58 miHigh Street, Wakefield2
£67511/241.59 miAshdene Approach, Crofton, WF4 1NA2
£95011/241.62 miAshdene Avenue, Crofton, Wakefield, West Yorkshire, WF43
£67502/241.63 mi-2
£69510/241.63 mi-2
£70010/241.65 miBriar Grove, Agbrigg, Wakefield2
£57510/241.65 mi-1
£52512/231.65 mi-1
£59501/251.65 mi-1
£59502/251.65 mi-1
£57504/251.65 mi-1
£55004/251.65 mi-1
£69510/241.67 mi-2
£70011/241.67 mi-2
£82510/241.67 miSt Catherine Street, Wakefield, WF1 5BW4
£1,10010/241.72 miLittle Wood Crescent, Wakefield3
£1,10010/241.72 miLittle Wood Crescent, Wakefield, West Yorkshire, WF13
£1,20003/251.73 mi-3
£3,80004/251.74 mi-4
£82503/251.75 mi-3
£75010/241.79 miWarren Avenue, Wakefield, West Yorkshire, WF22
£85004/251.82 mi-2
£85004/251.82 mi-2
£44210/241.82 miBuckingham Court, Wakefield, West Yorkshire, WF11
£95011/241.85 mi-4
£57510/241.85 miDoncaster Road, Wakefield, West Yorkshire, WF11
£57510/241.87 miMoore, Woodlands Village, Wakefield, WF12
£72510/241.88 miHockney, Manygates Lane, Wakefield2

Local Area Statistics

Population in WF2

50,884

Population in Wakefield

126,493

Town centre distance

2.81 miles away

Nearest school

0.20 miles away

Nearest train station

1.39 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £225,000

February 6, 2025

Floor Plans

Description

  • Mid Terrace Property +
  • Two Bedrooms +
  • In Need Of Modernisation +
  • Sought After Area +
  • Useful Storage Cellar +
  • Good Sized Garden & Detached Storage Garage +
  • Viewing Essential +
  • Awaiting EPC Rating +

Boasting excellent POTENTIAL is this two bedroom mid terrace property offering a fantastic opportunity featuring a useful storage cellar and generously sized rear gardens in a FANTASTIC location. VIEWING ESSENTIAL. Awaiting EPC rating.

Situated in the sought after area of Walton is this two bedroom mid terrace property benefitting from useful storage cellar and good sized rear gardens.

The property briefly comprises of front entrance porch, lounge with an opening to the dining room, hallway with access to the cellar, rear porch, kitchen and downstairs bathroom/w.c. To the first floor landing are two bedrooms. Externally there are gardens to the front and rear with a detached storage garage and generous sized lawn to the rear with plenty of potential.

The property is ideally located just three miles from Wakefield city centre and junction 39 of the M1 motorway, providing excellent transport links for those looking to commute. In addition, Sandal & Agbrigg train station is only a short distance away. The property is within close proximity to good local schools such Walton Primary Academy, which is within walking distance.

In need of modernisation, this property has the potential to be a fantastic home and a viewing is highly recommended.

Accommodation -

Entrance Porch - 2.05m x 0.84m (6'8" x 2'9") - UPVC front entrance door and wood framed door leading through into the lounge.

Lounge - 3.75m x 3.57m (12'3" x 11'8") - UPVC double glazed window to the front elevation and an opening to the dining room.

Dining Room - 3.05m x 3.22m (10'0" x 10'6") - UPVC double glazed window to the rear elevation, open fireplace with log burner, an opening to the inner hallway and UPVC door to the rear porch.

Hallway - Access to the kitchen, bathroom and door down to the cellar.

Cellar - 4.59m x 3.58m (15'0" x 11'8") - Original storage cellar with potential to covert subject to the correct planning permission.

Kitchen - 2.03m x 1.93m (max) (6'7" x 6'3" (max)) - Range of wooden wall and base units with wood effect laminate work tops, oven, electric hob with cooker hood and tiled splash back. Stainless steel sink and drainer unit with mixer tap, space for a fridge and UPVC double glazed window to the rear elevation.

Bathroom/W.C. - 2.98m x 1.50m (9'9" x 4'11") - Three piece suite comprising corner bath with tiled splash back, wash hand basin and w.c. UPVC double glazed frosted window to the rear elevation.

First Floor Landing - Access to two bedrooms.

Bedroom One - 4.02m x 3.26m (13'2" x 10'8") - UPVC double glazed window to the rear elevation and fitted wardrobes to one side.

Bedroom Two - 4.62m (max) x 2.68m (15'1" (max) x 8'9") - UPVC double glazed window to the front elevation.

Outside - To the front of the property is a shrub garden with pathway to the door. To the rear is a flagged garden with rear gate leading to a storage garage. There is a further good sized garden behind the garage with step leading down incorporating bush and shrubbery border boasting plenty of potential.

Council Tax Band - The council tax band for this property is D.

Floor Plans - These floor plans are intended as a rough guide only and are not to be intended as an exact representation and should not be scaled. We cannot confirm the accuracy of the measurements or details of these floor plans.

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

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

Agent Details

Richard Kendall, Wakefield

01924 793803

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.