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See how verdicts work1-bedroom flat · WF1 1NH
Listing removedListed 174 days
Opportunity summary
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About
PROPERTY OVERVIEW Address: 16 George House, George Street, Wakefield, WF1 1NH Property Type: 1-Bedroom Apartment Asking Price: £110,000 Lease: 999 Years (as of 2023) - effectively freehold security Tenure: Tenant in Situ (no void period, immediate income from day one) FINANCIAL SUMMARY - Monthly Rental Income: £750.00 - Annual Rental Income: £9,000.00 - Annual Service Charge: £850.00 - Annual Ground Rent: £110.00 - Total Annual Deductions: £960.00 - Annual Net Income: £8,040.00 GROSS YIELD: 8.18% NET YIELD: 7.31% With a tenant already in place and not in arrears, this investment delivers immediate returns with zero void risk at point of purchase.
At £110,000, the price-to-income ratio is highly attractive compared to equivalent assets in Leeds or Manchester. WHY WAKEFIELD?
Wakefield is one of Yorkshire's most compelling locations for residential investment: - Excellent Transport Links - Direct rail connections to Leeds (12 mins), Manchester, and London Kings Cross via LNER, making it a prime commuter destination - Strong Rental Demand - A growing professional and working population drives consistent tenant demand across the city centre - Affordable Entry Point - Significantly lower purchase prices than Leeds or Sheffield, yet strong rental values deliver superior yields - Regeneration & Growth - Wakefield city centre has benefited from significant investment and regeneration, increasing both capital values and rental appeal - Low Cost of Living - Attracts tenants priced out of larger cities, ensuring a stable, long-term rental pool - The Hepworth Gallery & Cultural Quarter - Wakefield's cultural renaissance has raised its profile and desirability as a place to live WHY THIS INVESTMENT STANDS OUT - Tenant in situ - income from completion, no void period - 8.18% gross yield – significantly above the UK residential average of ~5% - 999-year lease (2023) as close to freehold as leasehold gets, no short-lease risk - Low annual charges - combined deductions of just £960 p.a.
protecting net returns - Tenant not in arrears - clean, low-risk investment from day one - Ideal for portfolio investors and first-time landlords alike
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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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
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FAQ
About 16, George House, George Street, Wakefield
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