Terraced house for sale in Agbrigg Road, Wakefield WF1

Investment Information

- Full Address: 148 Agbrigg Road, Wakefield WF1 5BL
- Asking Price: £220,000.00
- Recently refurbished
- 4-bed HMO
- 2 bathrooms
- Average Weekly Rate Per Room: £123.75
- Potential Annual Gross Income: £25,740.00
- Potential Annual Running Cost: £8,419.22
- Potential Net Annual Income: £17,325.78
- Potential Gross Yield: 11.7%
- Terrace Property

Wakefield is not far behind Leeds in terms of house price growth, which may surprise you. Over the last ten years, the city has grown by an astounding 35.12%. However, as the below Zoopla comparison shows, average property prices in Leeds are significantly higher. Leeds is heavily regarded as an investor hotspot. However, it seems investors should be looking outside of Leeds if they want to access even higher levels of capital growth and growing rental yields. Especially as rents are rising rapidly in Leeds city centre, residents are beginning to look elsewhere for more affordable prices.

With property markets such as Manchester and Leeds becoming increasingly oversaturated, many investors are wondering where the next hotspot will be. As we know, the rise of commuter towns has become a hot topic on investors radars. Commuter locations benefit from much lower property prices, but high levels of capital growth. Also, the achievable rental yields will be much higher. Therefore, it is crystal clear, judging by the unforeseen growth of Wakefield, that it is not a property market you want to miss out on.

With the waterfront regeneration nearing completion, and the Trinity Walk shopping centre becoming more and more popular, now could not be a better time to invest in Wakefield. If you are able to capitalise on the city whilst prices are still low, in the next ten or twenty years, a property in Wakefield will exceed your capital growth expectations. When looking where to invest in 2022, emerging locations such as Wakefield present the best opportunities. Property prices are lower but capital growth levels are high, meaning you will achieve the highest returns.
Kind regards.