Pontefract, WF8 1HJ | Investment Property for Sale | VES-WF8-002

Off-plan apartment in Pontefract, capable of generating £7,800 in rent pa and a gross yield of 6.8%

£114,000

Off-Plan Apartment

VES-WF8-002

INITIAL INVESTMENT

£51,604

GROSS RENT / YIELD

£7,800 / 6.8%

NET RENT / YIELD

£4,884 / 4.3%

The property

TENANCY

Vacant

TENURE

Leasehold

GROUND RENT

£228

SERVICE CHARGE

£700

2 bedrooms

1 bathroom

1 reception room

623

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

Rental Income

GROSS RENT PER ANNUM

£7,800

Equivalent of £650 per calendar month (PCM).

GROSS RENTAL YIELD

6.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£4,884

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.3%

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

FULLY MANAGED OPERATING COSTS

£2,916

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

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

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

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