Oak Avenue, WF3
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Four, One Bedroom Flats For Sale
- Can Be Sold In One Transaction Or Separately
- Gross Income Of £30,240.00 Per Annum
- Gross Yield Of 10.1%
- Possibility Of Owning The Freehold
- Modern Flats
Description
16, 18, 20 & 22 Oak Avenue, Stanley, Wakefield, WF3 4PG
Asking Price: £300,000
Total Monthly Rental Income: £2,520 PCM
Projected Gross Yield: 10.08%
Offered by Pure Investor
Pure Investor is proud to present a unique and rare opportunity to acquire a ready-made residential investment comprising four self-contained 1-bedroom apartments, ideally located in the sought-after village of Stanley, Wakefield.
This attractive property portfolio offers immediate rental income, long-term capital growth potential, and future development prospects - making it a perfect option for seasoned investors or those seeking to build a robust, income-generating property portfolio.
Viewings of this property are available; however, please note the property is tenanted and we need to respect the tenants' right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*
Property Overview
4 x One-Bedroom Apartments
All Units Currently Tenanted
Total Rental Income: £2,520 PCM / £30,240 PA
Freehold Title If Bought All Apartments Together. Each apartment Is Leasehold.
4 Allocated Parking Spaces
Potential for Future Land Development
Property Breakdown & Rental Income
Gross Yield: 10.08% based on asking price of £300,000
Yield Per Flat:
Flat 20: 9.53%
Flat 22: 9.18%
Flat 16: 11.91%
Flat 18: 10.15%
Fully Tenanted - Immediate Income Stream
A Diversified Portfolio in One Purchase
Established Rental History
Allocated Parking + Extra Land - Potential to develop STPP
Located in a High-Demand Rental Area with Easy Access to Wakefield and Leeds
Why Invest in Stanley, Wakefield?
Prime Commuter Location
Just minutes from Wakefield City Centre and within easy reach of Leeds via the M62 or local train links.
Rising Rental Demand
A strong rental market is driven by young professionals and downsizers seeking affordable, well-connected homes.
Capital Growth Potential
Wakefield has seen consistent property value increases in recent years, with scope for further appreciation.
Development Opportunity
The generous surrounding land offers future potential for extensions, garden flats, or outbuildings (subject to planning).
Summary
This is a turnkey, income-producing portfolio priced below individual open-market value and offering excellent yields. With strong existing rental income, low ongoing management requirements, and the added benefit of land for development, this is a compelling acquisition for any property investor.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Oak Avenue, WF3
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Visit our security centre to find out moreDisclaimer - Property reference Oak-Avenue-Wakefield. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pure, Manchester on 0161 524 5533.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*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.
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