Pontefract, WF8 1HJ | Investment Property for Sale | VES-WF8-001

Off-plan apartment in Pontefract, capable of generating £6,600 in rent pa and a gross yield of 7.3%

£90,000

Off-Plan Apartment

VES-WF8-001

INITIAL INVESTMENT

£42,100

GROSS RENT / YIELD

£6,600 / 7.3%

NET RENT / YIELD

£4,189 / 4.7%

ADD TO FAVOURITES

The property

TENANCY

Vacant

TENURE

Leasehold

GROUND RENT

£180

SERVICE CHARGE

£700

1 bedroom

1 bathroom

1 reception room

457

Unfurnished

Practical completion expected Dec 2019.

  • Length of lease: 125 years

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£6,600

Equivalent of £550 per calendar month (PCM).

GROSS RENTAL YIELD

7.3%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£4,189

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.7%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£2,411

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Pontefract, West Yorkshire

Pontefract is a historic market town in the county of West Yorkshire in northern England. This town is one of five towns that makes up the metropolitan borough of the City of Wakefield, situated 13.9 miles south east of Leeds and 25.1 miles north of Sheffield.

This area is serviced by Pontefract Tanshelf railway station, Pontefract Baghill railway station and Pontefract Monkhill railway station all of which are managed by Northern. Pontefract Tanshelf is the primary station and provides hourly services along the Pontefract Line from Goole to Wakefield and Leeds. Pontefract Baghill provides four trains per day, two northbound to York and two southbound to Sheffield along the Dearne Valley Line. Pontefract Monkhill railway station also operates a service from Bradford Interchange to London King’s Cross, three trains run from this station in each direction on this service.

Pontefract has been historically known as a market town since the middle ages, in more contemporary times the market days are Wednesday and Saturday, with a smaller market that opens on Fridays. There is also a covered indoor market space that is open all week apart from Thursday afternoons and Sundays. In town there is also an Xscape complex that features several shops, clubs, restaurants and entertainment facilities including a bowling alley, laser tag, crazy golf and a multi-screen cinema. Pontefract also has many cultural attractions such as Pontefract Castles, Pontefract Races and the Pontefract Museum.

Pontefract is one of the few places in the UK where liquorice can be grown due to the fact that the soil is deep and sandy, this has made it an ideal location for two liquorice factories owned by Haribo and Tangerine Confectionery. Aside from these big employers in the local area there are many job opportunities in the nearby city of Leeds.

This property could be ideal for young families seeking local schooling options in walking distance of this area. There are a number of secondary schools offering education from the ages of 11-16 such as Carleton Community High School and King’s School on Mill Hill Lane. For those looking for Higher Education there is the NEW College on Park Lane, which is one of the highest achieving colleges in the England.

Northgate,

Pontefract,

West Yorkshire,

England,

WF8 1HJ

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2019 Vesta Global Limited. All rights reserved.