Terraced house for sale in Agbrigg Road, Wakefield WF1
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Property features
- Recently Refurbished
- 4-Bed HMO
- Fully Vacant
- Potential Gross Yield 11.7%
- Possible Annual Gross Income £25,740.00
- Popular Residential Area
Property description
- 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.
For more information about this property, please contact
Pure, M34 on +44 161 937 0434 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pure, and do not constitute property particulars. Please contact Pure for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.