Opportunity to purchase a 2 unit block in Wakefield generating £72,280 rent pa and a gross yield of 12%
£600,000
2-unit block
VES-WF1-001
INITIAL INVESTMENT
£181,500
Based on
deposit: £150,000
stamp duty: £28,000
mortgage fees: £1,500
conveyancing fees: £2,000
GROSS RENT
£72,280
GROSS YIELD
12.0%
The block
TENURE
Freehold
NO OF UNITS
2
TENANCY STATUS
Tenanted
FURNISHED
Yes
TOTAL SQ FT
5,360
PRICE SQ FT
£112
Property information
- 2 unit block for sale comprising of a semi-detached house with a basement flat
- Aggregate monthly rental income £6,023
- Aggregate gross rental yield 12%
- Both units have been completely refurbished, see details below
- Private parking available as well as off-road parking
Basement flat
- 4 bedrooms, 2 bathrooms
- Fully let
- Fully refurbished including new windows in 2019
- Open plan kitchen/living/dining room
- 1,485 square foot
- £1,473 monthly rental income
- EPC rating D
Semi-detached house
- 14 bedrooms, 5 bathrooms
- Fully let
- Fully refurbished including new windows in 2013/2014
- Separate lounge & kitchen/dining rooms
- Separate utility room
- 3,875 square foot
- £4,550 monthly rental income
- EPC rating E
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
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Floorplans
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About Wakefield, West Yorkshire
Wakefield is a cathedral city in West Yorkshire on the eastern edge of the Pennines.
Wakefield is very well connected with the intersection of the M1 and M62 motorways nearby, connecting it with London to Leeds and Liverpool to Hull respectively. The A61, A638 and A642 roads cross here and the A636 and A650 roads start in the city.
Leeds Bradford Airport is around 19 miles north of the city.
The city has two railway stations, one is Wakefield Kirkgate station which lies on the Hallam, Pontefract and Huddersfield lines. It also runs some services to London King’s Cross. Wakefield Westgate station runs services to Leeds, Doncaster as well as stations towards London King’s Cross. Other train services go to Newcastle, Edinburgh, Birmingham and the South West. There are limited trains to Sheffield, Derby and Leicester. Trains to London take less than two hours.
Wakefield has a lot to offer for all ages such as The Hepworth Wakefield, Yorkshire Sculpture Park, National Coal Mining Museum for England, National Trust Nostell, Pontefract Castle. Other adventurous activities include windsurfing across the lake at Pugneys Coutnry Park, Gravity Trampoline Park or the snow slopes at Snozone.
For outdoor enthusiasts there are 69 managed parks and wildlife areas in the district, perfect for cycling, walking and wildlife spotting. In 2017 Wakefield was ranked as the tenth-fastest growing city economy in the UK. Part of the success is credited to the city’s location, with excellent transport links, ongoing regeneration and popular tourist attractions. A push to further develop the education sector is expected to bring further boost to the city.
Manygates Park,
Wakefield,
West Yorkshire,
England,
WF1 5NR
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