We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Service charge (For Leasehold tenure): £1545 per year. MoveNow Properties are pleasedto offer this one-bedroom first-floor apartment, ideally situated within walking distance of Wakefield city centre.
The property is being sold with a tenant in situ, currently paying £695 per calendar month, making it an attractive opportunity for investors seeking an income-generating property.
With a marketing price of £70,000 and a current rental income of £8,340 per annum, the apartment offers an approximate gross rental yield of 11.91%, before any expenses, service charges, maintenance, management fees or other landlord costs.
The property benefits from allocated parking, additional visitor parking and a convenient location close to local amenities and transport links.
Entrance Accessed via a communal entrance, stairs lead to the first floor where the apartment is situated.
Living Area Measurements: 16’2” x 12’2” (4.93m x 3.72m) The apartment offers a comfortable and versatile living space, providing plenty of room for both seating and dining furniture and creating a welcoming area for relaxing or entertaining.
Kitchen Measurements: 8’6” x 7’9” (2.60m x 2.35m) The kitchen provides a practical and well-positioned space for everyday cooking and dining requirements.
Double Bedroom Measurements: 12’0” x 8’8” (3.67m x 2.65m) The property benefits from a generous double bedroom, providing ample space for bedroom furniture and storage.
Bathroom Measurements: 8’7” x 7’3” (2.61m x 2.21m) The bathroom comprises a bath with shower over, WC and wash hand basin, providing practical facilities for everyday living.
Parking A major benefit of the property is the allocated parking space, together with additional visitor parking.
Location The apartment is ideally positioned within walking distance of Wakefield city centre, offering easy access to shops, restaurants, bars, leisure facilities and everyday amenities.
The property is also ideally placed for commuters, with road connections towards the M1 and M62 motorway networks, making surrounding towns and cities readily accessible.
Investment Opportunity Offering an existing tenant paying £695 per calendar month, an approximate gross rental yield of 11.91% and allocated parking, this apartment presents an appealing opportunity for landlords looking to expand their rental portfolio.
Early viewing is highly recommended. EPC Rating: C Please contact us for further details of the full EPC Tenure: Leasehold Management fee is £129.78 a month includes insurance too.
(Approx £1545 per annum) 125 years from 21 September 1989 Lease Term Remaining - 87 years Council Tax Band A Property Type: Apartment Construction type Brick built Heating Type Gas central heating Water Supply Mains water supply Sewage Mains drainage Gas Type Mains Gas Electricity Supply Mains Electricity Broadband connection All buyers are advised to visit the Ofcom website and open reach to gain information on broadband speed and mobile signal/coverage.
Parking type: Off road. Building safety N/A Restrictions N/A Rights and easements N/A Flooding – low All buyers are advised to visit the Government website to gain information on flood risk.
Planning permissions N/A Accessibility features N/A Coal mining area West Yorkshire is a mining area All buyers are advised to check the Coal Authority website to gain more information on if this property is affected by coal mining.
We advise all clients to discuss the above points with a conveyancing solicitor.
Floor plans These floor plans are intended as a rough guide only and are not to be intended as an exact representation and should not be scaled.
We cannot confirm the accuracy of the measurements or details of these floor plans. Viewings For further information or to arrange a viewing please contact our offices directly.
Free valuations Considering selling or letting your property? For a free valuation on your property please do not hesitate to contact us.
Agents Note To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations.
We outsource this check to a third party and a charge will apply. Ask the branch for further details.
Disclaimer: The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars.
All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness.
We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment.
Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained.
All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale.
No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About East Moor, Wakefiled
Explore nearby