Skip to content

Westmorland Street, Wakefield, West Yorkshire, WF1

PROPERTY TYPE

Block of Apartments

BEDROOMS

7

BATHROOMS

7

SIZE

Ask agent

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • 6 Fully Let Apartments
  • 5 One Beds, 1 Two Bed
  • Annual Income Just Under £45k
  • Gross Yield 10%
  • Long Lease
  • Wakefield Town Centre

Description

Pure Investor is delighted to bring to the market this fantastic opportunity to purchase six apartments in the same development. The apartments consist of five, one-bedroom apartments and one, two-bedroom apartment. Every one-bedroom apartment comes with a family bathroom and the two bedroom has two bathrooms. The apartments are spread over three floors with flats 1 & 2 on the ground floor, flats 3 & 4 on the first floor and flats 5 & 6 in the top floor. Each apartment is fully occupied with many of the tenants being in a significant period of time, with one being in one of the apartments for over ten years. Each apartment has been well maintained by the current landlord and the tenants also do the same.

Situated in Wakefield town centre the apartments are ideally located for people who work in Wakefield or would need to get public transport out of the town. There are two bus stops directly outside the development on both sides of the road. Wakefield bus station is a 4-minute walk and buses running to Leeds, Bradford, Huddersfield etc. Wakefield train station is a 13-minute walk where trains run to London, Leeds, Sheffield and offers connecting trains to Manchester and Manchester Airport.

Investment Information

- Address: 22/24 Westmoreland Street, Wakefield WF1 1PJ
- Asking Price: £459,995.00
- Property Type: 6 Apartments (5 x 1-bedroom apartments, 1x 2-bedroom apartments)
o Flat 1 - £625.00pcm - been in the apartment for 3 years
o Flat 2 - £645.00pcm - been in the apartment for 1 year
o Flat 3 - £600.00pcm - been in the apartment for around 10 years
o Flat 4 - £725.00pcm - been in the apartment for 2 years
o Flat 5 - £541.67pcm - been in the apartment for around 10 years
o Flat 6 - £600.00pcm - been in the apartment for around 10 years
- Overall Rental Income: £3,736,67pcm (£44,840.04 per annum)
- Gross Yield: 9.7%
- Tenants pay for their own bills. Only additional costs would be to the communal areas which the landlord has confirmed has been minimal since purchasing.
- Tenure: Leasehold (990-years remaining approx)
- After speaking to the tenants, they have confirmed that they intend to stay
- We have visited the development personally and have visited all the apartments apart from one and looked at the communal areas.

-------------------------------------------------------------


Pure Investor are one of the UK's leading property investment consultancies, specialising in the sale of tenanted buy-to-let properties throughout the UK. If you're currently considering selling your buy-to-let, and would like to find out more information on how we work with landlords like yourself, please feel free to contact us today via the contact form on the right hand side of this page.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Energy performance certificate - ask agent

Westmorland Street, Wakefield, West Yorkshire, WF1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wakefield Westgate Station0.4 miles
  • Wakefield Kirkgate Station0.5 miles
  • Sandal & Agbrigg Station1.5 miles
Check how much you can borrow
Get a Mortgage in Principle
You'll have a personalised result in just 20 minutes and you could get viewings faster when you find the home you want, with no impact on your credit score.Powered bynationwide
Recently sold & under offer
See similar nearby properties

About the agent

Pure, Manchester

125 Deansgate, Manchester, M3 2LH

Pure, Manchester

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

Thinking Of Investing In Property In The UK?

We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-

More properties from this agent

Notes

These notes are private, only you can see them.

Staying secure when looking for property

Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.

Visit our security centre to find out more

Disclaimer - Property reference 22-24-Westmoreland-Street-Wakefield-WF11. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.