Marine Villa Road, Knottingley, WF11
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
14
- 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.
Freehold
Key features
- Strong Rental Potential Of Around £80,000 Per Year Once Fully Let
- Fourteen Ready-To-Finish One-Bedroom Apartments In A Striking Detached Building
- Modern Kitchens And Bathrooms Already Installed Throughout
- Large Front Plot Offering Ample Parking For Residents And Visitors
- Comparable Flats In The Area Sell Between £65,000 And £75,000 Each
- Prime Location With Excellent Access To A1(M) And M62
- Fantastic Opportunity For Investors Or Developers Seeking Capital Growth And Yield
Description
The Grove, Marine Villa Road, Knottingley, WF11 8ES
Guide Price: £875,000
Tenure: Leasehold (approx. 20 years remaining)
To be sold by public auction
Big building. Big potential.
Welcome to The Grove, a substantial detached property already converted into 14 self-contained one-bedroom flats. Most of the hard work has been done, with kitchens and bathrooms already fitted throughout. Only some external and basement works remain before the development is ready to go.
The property sits on a generous plot with a large open space at the front providing ample parking for residents and visitors. This is a brilliant opportunity for investors or developers looking for a high-yielding block with clear scope to add value.
Why this property stands out
• 14 self-contained one-bedroom apartments
• Kitchens and bathrooms already installed
• Large front plot with ample parking
• Strong rental and resale potential
• Potential gross income around £80,000 per year
• Flats in this area typically sell between £65,000 and £75,000 each once completed
• Great access to A1(M) and M62 for Leeds, Wakefield and York
• Approx. 20-year leasehold term
• Guide Price £875,000
The numbers
• Smaller one-beds approx. £475 pcm
• Standard one-beds approx. £500 pcm
• Larger one-beds approx. £550 pcm
• Estimated total income around £83,000 per year
• Gross yield at guide approximately 9–10%
Resale potential once fully completed
• £65,000 each = £910,000 total
• £70,000 each = £980,000 total
• £75,000 each = £1,050,000 total
Location
Located on Marine Villa Road, close to Knottingley town centre with shops, cafés and everyday amenities nearby. Knottingley Train Station provides direct links to Leeds and Wakefield, and both the A1(M) and M62 are only a few minutes away, making this a great commuter location with consistent rental demand.
Please note: The floorplan is provided for guidance only — the internal layout may differ from the current arrangement.
- 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.
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- 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
Marine Villa Road, Knottingley, WF11
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Visit our security centre to find out moreDisclaimer - Property reference b57ce004-6a69-4283-a5e4-ff87ce0147d8. 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 G.R. Estates, Stockton-on-Tees. 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 G.R. Estates, Stockton-on-Tees on 01642 378022.
*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.”
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