Pontefract, WF9 3NL | Investment Property for Sale | VES-WF9-001

Opportunity to purchase 19 units in Pontefract generating £85,000 gross rent pa & a 12.2% gross yield

£695,000

19-unit Portfolio

VES-WF9-001

INITIAL INVESTMENT

£215,100

Based on

deposit: £173,750

stamp duty: £20,850

mortgage fees: £1,500

conveyancing fees: £19,000

GROSS RENT

£85,000

GROSS YIELD

12.2%

ADD TO FAVOURITES

The portfolio

TENURE

Leasehold

NO OF UNITS

19

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

6,818

PRICE SQ FT

£102

GROUND RENT

£3,325

SERVICE CHARGE

£34,200

Leasehold information

  • Length of lease: 150 years
  • Year lease started: 2017
  • Years left on lease: 145 years (from 2022)
  • Ground rent review period: tbc
  • Service charge review period: tbc

Block information

  • 19 apartments are available for sale, on a leasehold basis
  • The apartments are spread across 4 blocks of the same development
  • The apartments comprise:
    • 15 x studio apartments
    • 4 x 1-bed apartments
  • Each apartment is self-contained
  • There are communal gardens for all tenants
  • There are approximately 10 car parking spaces, shared between all occupants
  • The blocks are managed and let by third parties
  • EPC ratings: D, E & F
  • Council tax band A

Rental information

  • The 19 apartments are fully let
  • Aggregate monthly rental income: £7,083.33
  • Aggregate annual rental income: £85,000
  • Aggregate gross yield: 12.2%

Location information

  • The apartments are located in the South Kirkby area of Pontefract
  • Pontefract is just under 9 miles north of South Kirkby
  • The closest railway station is Moorthorpe, which can be reached via bus
  • There is a bus stop just a short walk from the properties

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

The floorplans are examples of a studio and of a 1-bed apartment in this development. Layout and sizes will vary.

Floorplans

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.

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.

North Street,

South Kirkby,

Pontefract,

West Yorkshire,

England,

WF9 3NL

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.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2022 Vesta Global Limited. All rights reserved.