3-bedroom terraced house · WF3 4FN
Listing removedListed 88 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Don't miss out on the opportunity to rent this wonderful, modern 3 bed house which is part of our 'Rent to Buy' scheme.
This property benefits from: - 3 bedrooms - Driveway - Rear enclosed garden - Family bathroom with shower - WC - Modern property - Desirable location Please note: - Read the criteria below carefully for a higher chance of success - Viewings can only take place once our repairs team has completed their necessary works - Photos may be used for illustrational purposes - White goods are not supplied - Flooring and appliances MAY NOT be supplied *PLEASE DO NOT ENQUIRE WITHOUT READING THE BELOW INFORMTION*: We are seeking applicants who expect to be in a position to purchase the property by March 2027.
As this property is offered through the Rent to Buy scheme, the five-year period commenced from the handover date in March 2022.
This opportunity is therefore best suited to applicants who are close to having sufficient funds for a deposit and intend to purchase the property at the end of the Rent to Buy term.
Please note that the property is due to be sold in March 2027.
If the successful applicant chooses not to proceed with the purchase at that time, notice will be served, and a six-month notice period will be provided to allow time to secure alternative accommodation.
------------------------ How To Apply: Please send through your enquiry and include information such as: - Who is the property for (e.g. 2 adults and 2 children) - How do you receive your income (e.g.
working full time) - Do you have any bad credit, CCJs, IVA's etc? - Any pets? - How soon are you looking to move? If you are being considered for a property we will contact you as soon as we can.
Please note we are unable to contact unsuccessful applicants due to the number of enquiries we receive.
About our 'Rent to Buy Scheme': Rent to Buy is designed to ease the transition from renting to buying a home by providing a subsidised or intermediate rent for an initial letting period.
The cheaper rent provides the opportunity to save towards a deposit to purchase. * To be eligible you must have the intention of purchasing in the future. * Household income must not exceed £80,000.
Minimum earnings are RENT X 30. * Be able to pass referencing checks (credit, employment and landlord).
* Applicants must be working at the time of the initial letting and either they have not previously owned their own home or they are returning to the market following a relationship breakdown.
They must not be currently tied into a Mortgage at the point of tenancy commencement. * After an initial period of 6 months, you can terminate your tenancy at any time.
You are required to provide 28 days written Notice.
* You have the right to apply to purchase this property five years after the date the property was handed over from the developer to Yorkshire Housing.
This date will be provided within your tenancy agreement. * The property will be sold at full market Value. You will not be eligible for any reductions in sale price such as Right to Acquire.
* The Full Market Value will be determined by a RICS surveyor, you will be responsible for the cost of obtaining the valuation.
* Have the funds available for: one months' rent in advance, holding deposit (equivalent of one weeks rent) and a deposit (equivalent to one month's rent) 1. Deposit: Equal to 1 months rent. 2.
Holding deposit: Equivalent to 1 weeks rent.
The holding deposit will be added to your rent account soon after you have signed your tenancy agreement and will form part of your initial payment of rent.
Disclaimers: Please note that rent for this property may change as we will complete a new valuation every six months until the property is let.
This is done to ensure that the rent is 20% less than the current market value. Images and floorplans are for guidance only.
Floorplans may not be exact and images may be of a similar property and are for illustrative purposes only.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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

FAQ
About 4 Honley Close, Wakefield, WF3 4FN
Explore nearby