Pontefract, WF8 1HJ | Investment Property for Sale | VES-WF8-003

Off-plan townhouse in Pontefract, capable of generating £11,400 in rent pa and a gross yield of 5.6%

£205,000

Off-Plan Townhouse

VES-WF8-003

INITIAL INVESTMENT

£93,150

GROSS RENT / YIELD

£11,400 / 5.6%

NET RENT / YIELD

£8,756 / 4.3%

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The property

TENANCY

Vacant

TENURE

Freehold

4 bedrooms

3 bathrooms

1 reception room

1,129

Unfurnished

Practical completion expected September 2020 - construction due to start in January 2020.

Stunning 4-bed townhouse located in The Malthouse development offering an excellent investment opportunity

The Malthouse is a cheme of just 24 unique, luxury apartments and two stunning townhouses in the heart of the historic market town of Pontefract, one of West Yorkshire’s most up and coming areas.

A private gated development with two allocated parking spaces, ensuite and private garden, spread across two floors, The Malthouse features solar panels, options to upgrade the kitchen and a 10-year building warranty.

**This development has 1-bed, 2-bed and 4-bed townhouses available. Enquire now. **

A prime location for residents, a prime asset for investors

  • Close to local shops, medical centre, gym and restaurants

  • M62 & A1putting Leeds a 30m drive, Wakefield 25m and Manchester 1 hr 30m

  • Close to the town’s three railway stations – Baghill, Tanshelf and Monkhill. Journey times to Leeds are 30 minutes, Wakefield 20 minutes and Manchester 1 hour 40 minutes

  • Close to two international airports – Leeds Bradford and Robin Hood

About Property

  • 4-bed townhouse with private garden

  • Ensuite, main bathroom and WC on the ground floor

  • Value add furniture pack & blinds included

  • Distinctive, custom designed kitchen units with soft closing doors

  • High quality worktops with splash backs

  • Fully integrated top of the range, branded appliances including cooker, hob, extractor, fridge /freezer and washer/dryer

  • High quality bathroom tiles and flooring, chrome heated towel rail with extractor fan

  • Laminate wooden flooring to hallways, kitchens and living rooms 80/20 twist carpet to bedrooms

  • Private garden

  • 2 Allocated parking spaces

Practical completion expected Dec 2019

Length of lease: 125 years Year Lease Started - awaiting completion (TBC)

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£11,400

Equivalent of £950 per calendar month (PCM).

GROSS RENTAL YIELD

5.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£8,756

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

£2,644

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

Known as the key to the north, the historic town of Pontefract is one of West Yorkshire’s most up and coming areas.

  • Within walking distance to local shops, restaurants and leisure facilities

  • Close to three train stations

  • Ideal for the M62 & A1, putting Leeds 30 minutes away

  • Close to two international airports

  • Multi-million pound regeneration projects (shopping, leisure, jobs and green spaces)

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 offering trains to Wakefield, Leeds, York, Sheffield, Bradford and London King's Cross.

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.

Pontefract is 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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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.

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