4 Bed HMO, Wakefield, WF2 0EB £214,000

Lincoln Street, Wakefield, West Yorkshire, WF2 0EB - 12 views - 8 months ago
Sold STC
HMO
Cash
Inside Article 4
ROI: 5%
~129 m²
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+2 photos

ValuationFair Value

Sold Prices£75K - £635K
Sold Prices/m²£765/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.7K/m²

Value Estimate

£216,140

 

 

End Value (After Refurb)

£249,834

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,500

Stamp Duty & Legal Fees

£13,680

Refurb Costs

£56,150

Bridging Loan Interest

£5,618

Total Cash In

£130,698

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£249,834

Mortgage (After Refinance)

£187,376

Mortgage LTV

75%

Cash Released

£26,876

Cash Left In

£103,822

Equity

£62,459

Room Rate

£556

Gross Rent

£2,224

Running Costs/mo

£1,708

Cashflow/mo

£516

Cashflow/yr

£6,191

ROI

5%

Gross Yield

12%

Local Sold Prices

50 sold prices from £75K to £635K, average is £325K. £765/m² to £4.2K/m², average is £2.5K/m².

Price
Date
Distance
Address
Beds
 
£75K05/230.05 mi21, Balne Lane, Wakefield, West Yorkshire WF2 0DL4
£159K10/230.07 mi18, Silcoates Street, Wakefield, West Yorkshire WF2 0DU4
£262.5K03/250.12 mi150b, Balne Lane, Wakefield WF2 0DP4
£375K08/210.16 mi82, Balne Lane, Wakefield, West Yorkshire WF2 0DG4
£277.5K06/230.16 mi150c, Balne Lane, Wakefield, West Yorkshire WF2 0DP4
£265K03/240.29 mi64, Batley Road, Wakefield, West Yorkshire WF2 0AD4
£296K01/250.3 mi2, St Johns Croft, Wakefield, West Yorkshire WF1 2RQ4
£370K10/240.34 mi10, Cliff Park Avenue, Wakefield WF1 2DW4
£451.4K09/230.45 mi73, Bradford Road, Wakefield, West Yorkshire WF1 2AA4
£230K02/250.47 mi6, The Rowick, Wakefield WF2 9SY4
£360K07/230.48 mi7, St Johns North, Wakefield, West Yorkshire WF1 3PZ4
£260K09/230.5 mi57, Leeds Road, Wakefield, West Yorkshire WF1 3JW4
£220K01/250.5 mi35, The Point, Wakefield WF2 9SZ4
£290K05/250.5 mi35, Leeds Road, Wakefield WF1 3JW4
£290K05/250.5 mi35, Leeds Road, Wakefield WF1 3JW4
£435K06/230.56 mi4, Cardigan Terrace, Wakefield, West Yorkshire WF1 3DF4
£280K05/230.57 mi19, Larkspur Way, Wakefield, West Yorkshire WF2 0FD4
£370K06/210.61 mi154, Bradford Road, Wakefield, West Yorkshire WF1 2AP4
£335K09/240.62 mi1, Hoult Court, Wakefield WF1 2ZJ4
£325K02/250.62 mi23, Lancaster Avenue, Wakefield WF1 2ZG4
£325K02/250.62 mi23, Lancaster Avenue, Wakefield WF1 2ZG4
£330K06/250.64 mi31, Butler Way, Wakefield WF1 3DQ4
£330K06/250.64 mi31, Butler Way, Wakefield WF1 3DQ4
£540K08/230.69 mi8, Saffron Court, Wakefield, West Yorkshire WF2 0FQ4
£280K12/220.7 mi10, Padgett Way, Wakefield, West Yorkshire WF2 9UG4
£321.5K10/230.71 mi327, Flanshaw Lane, Wakefield, West Yorkshire WF2 9JA4
£375K08/250.73 mi19, Fraser Way, Wakefield WF1 2ZF4
£318K06/210.76 mi27, Headingley Mews, Wakefield, West Yorkshire WF1 3AB4
£308K05/230.79 mi14, Ashleigh Avenue, Wakefield, West Yorkshire WF2 9DA4
£245K12/210.8 mi46, Oakleigh Avenue, Wakefield, West Yorkshire WF2 9DF4
£305K03/230.81 mi294, Dewsbury Road, Wakefield, West Yorkshire WF2 9DB4
£261K02/250.83 mi183, Leeds Road, Wakefield WF1 2PS4
£499K07/250.85 mi235, Bradford Road, Wakefield WF1 2AT4
£287.5K03/250.85 mi3, St Pauls Walk, Wakefield WF2 0AX4
£230K05/230.86 mi2, Pinewood Avenue, Wakefield, West Yorkshire WF2 9JR4
£495K03/250.86 mi14, Scholars Chase, Wrenthorpe, Wakefield WF2 0FA4
£480K07/230.88 mi7, Broomhall Avenue, Wakefield, West Yorkshire WF1 2BB4
£577K10/220.88 mi17, Broomhall Avenue, Wakefield, West Yorkshire WF1 2BB4
£372.5K08/210.88 mi14, Silcoates Lane, Wrenthorpe, Wakefield, West Yorkshire WF2 0NX4
£411K08/210.9 mi7, The Oval, Wakefield, West Yorkshire WF1 3QB4
£285K12/220.9 mi1, Bunkers Hill, Wrenthorpe, Wakefield, West Yorkshire WF2 0JF4
£190K06/210.91 mi6, Selby Street, Wakefield, West Yorkshire WF1 3PQ4
£390K07/230.91 mi8, Geary Close, Wakefield, West Yorkshire WF2 0UL4
£362.5K07/210.93 mi22, Silcoates Avenue, Wrenthorpe, Wakefield, West Yorkshire WF2 0UP4
£427K10/230.93 mi21, Silcoates Avenue, Wrenthorpe, Wakefield, West Yorkshire WF2 0UP4
£375K08/230.94 mi4, Gelder Court, Wakefield, West Yorkshire WF2 0UN4
£418K12/220.94 mi6, Gelder Court, Wakefield, West Yorkshire WF2 0UN4
£560K07/250.95 mi15, Silcoates Avenue, Wrenthorpe, Wakefield WF2 0UP4
£635K03/230.97 mi21a, Jerry Clay Lane, Wrenthorpe, Wakefield, West Yorkshire WF2 0NS4
£302.5K06/210.98 mi10, Umpire Close, Wakefield, West Yorkshire WF1 3QR4

Local Area Statistics

Population in WF2

50,850

Population in Wakefield

126,493

Town centre distance

0.90 miles away

Nearest school

0.30 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £214,000

August 12, 2025

Price changed to £220,000

May 20, 2025

Listed for £225,000

April 1, 2025

Floor Plans

Property image

Description

  • 4 Bedroom 4 Ensuite +
  • Expected Rental Income Of £2,225pcm +
  • Expected Gross Yield Of 12% +
  • Advertised For Rent With 1 Confirmed Tenancy So Far +
  • Recently Renovated +

Pure Investor brings to the market this 4 bedroom, 4 ensuite property for sale on Lincoln Street, Wakefield. The property has recently been renovated throughout and should enable any buyer the opportunity to achieve a high rental return on each room.

The property is being sold as vacant possession allowing the new owner the option to secure their letting agent and tenants. Expected rental income per room would be between |£530- £575, however, more may be achievable if a housing association contract was agreed.

Due to the property being a 4-bed HMO cash buyers would be preferred. If lending is required we would need evidence that the buyer would be able to secure a commercial valuation on the property and not a standard residential valuation.

Agent Details

Pure, Manchester

0161 524 5533

Next Steps?

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