2 Bed Flat, Planning Permission, Wakefield, WF1 1DH, £67,500

Market Street, Wakefield, West Yorkshire, WF1 1DH - 25 days ago

Leasehold
Planning
ROI: 17%
~68 m²
+10 photos

ValuationUndervalued











Investment Opportunity



































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 £67,500

February 19, 2025

Floor Plans

Description

  • Sold with a Sitting Tenant - A fantastic turnkey investment opportunity. +
  • Strong Potential Rental Yield - Ideal for investors looking for steady returns. +
  • Spacious Two-Bedroom Apartment - Offering comfortable and modern living. +
  • Desirable Third-Floor Location - Providing privacy and City Centre views. +
  • Allocated Parking Included - A rare convenience in a central location. +
  • Prime City Centre Location - Close to amenities, transport links, and entertainment. +

Investment Opportunity - Two-Bedroom Third-Floor Apartment with Sitting Tenant
Movenowproperties present this centrally located Two-bedroom apartment, an ideal investment opportunity with a sitting tenant already in place. Situated on the third floor, this property offers modern living, convenient access to local amenities, and allocated parking. With a gross rental yield of approx. 11%, this apartment is a fantastic addition to any investor's portfolio.

Accommodation Details

Entrance Hall
A welcoming entrance hall featuring carpet flooring, an electric heater, a telephone intercom system, and doors leading to the bedrooms, bathroom, and open-plan living space.

Living Room & Kitchen
A spacious and bright open-plan living area, benefitting from three double-glazed windows overlooking the front, carpet flooring, and an electric heater. A useful storage cupboard houses the water system.

The modern fitted kitchen includes a range of wall and base units, complementary work surfaces with upstands, an integrated electric oven with a four-ring hob and cooker hood, and a stainless steel sink and drainer with mixer tap. Recessed spotlights complete the stylish and functional space.

Bedroom One
A generous double bedroom featuring carpet flooring, an electric heater, and two double-glazed windows allowing plenty of natural light.

Bedroom Two
A cosy single bedroom, offering carpet flooring, a radiator, and a double-glazed window overlooking the front.

Bathroom
A contemporary three-piece suite in white, including a low-level WC, a pedestal wash basin with tiled splashback, and a bath with overhead shower and glass screen. Additional features include tiled walls, recessed spotlights, and a chrome heated towel rail for a sleek, modern finish.

Located in the heart of the city, this apartment offers convenience, comfort, and excellent investment potential.

EPC Rating: C75
Please contact us for further details of the full EPC

Please note this property is only to be purchased with a sitting tenant. The tenant in situ is currently paying £650pcm offering a gross rental yield of 11%

Tenure: Leasehold
125 years from and including 1 January 2014 - Approx 113 years remaining
Service Charge for 2025 - £2761 per annum
Ground Rent for 2025 £445 per annum

Council Tax Band B
Property Type: Apartment
Construction type Brick built
Heating Type Gas central heating
Water Supply Mains water supply
Sewage Mains drainage
Gas Type N.A
Electricity Supply Mains Electricity
All buyers are advised to visit the Ofcom website and open reach to gain information on broadband speed and mobile signal/coverage.
Parking type: Allocated Parking Space
Building safety N/A
Restrictions N/A
Rights and easements N/A
Flooding - LOW
All buyers are advised to visit the Government website to gain information on flood risk.
Planning permissions N/A
Accessibility features N/A
Coal mining area West Yorkshire is a mining area
All buyers are advised to check the Coal Authority website to gain more information on if this property is affected by coal mining.
We advise all clients to discuss the above points with a conveyancing solicitor.

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
For further information or to arrange a viewing please contact our offices directly.

Free valuations
Considering selling or letting your property?
For a free valuation on your property please do not hesitate to contact us.

DISCLAIMER:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Agent Details

MoveNow Properties, Wakefield

01924 907003

Next Steps?

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