Oak Avenue, Wakefield

Pure Investor brings to the market 4 x 1-bedroom apartments in this converted property. The property was originally a joined semi-detached property which has been altered to 2 ground-floor and 2 first-floor apartments. All 4 apartments are currently tenanted (varying rates) and produce a monthly return of £2,300.00 pcm. The property also comes with 4 parking spaces and plenty of land surrounding the building to possibly develop in the future.

Investment information
Full addresses: 16, 18, 20, 22 Oak Avenue, Stanley, Wakefield WF3 4PG
Purchase price: £340,000.00
4 x 1 bedroom apartments
Parking available
Each apartment will be leasehold when sold with 999 years on lease
The managing company will be sold with apartments
No ground rent or service charge
Gross monthly income - £2,300.00
Gross annual income - £27,600.00
Yield – 8.1%

Reasons to invest in Wakefield
1. Growing market: Wakefield has a growing property market, with increasing demand for both residential and commercial properties. This means that property prices may rise over time, offering the potential for capital growth.
2. Location: Wakefield is a well-connected city, with easy access to major motorways, airports, and rail networks. It is also close to major cities such as Leeds, Sheffield, and Manchester, making it an attractive location for businesses and individuals.
3. Regeneration: Wakefield has undergone significant regeneration in recent years, with investment in infrastructure, housing, and amenities. This has helped to boost the local economy and create more opportunities for growth and development.
4. Rental income: Wakefield has a strong rental market, with high demand for properties from both students and young professionals. This can provide a reliable source of rental income for property investors.
5. Affordability: Property prices in Wakefield are generally more affordable than in other major cities in the UK, making it an attractive option for first-time buyers and investors alike.