House For Sale £220,000
Agbrigg Road, Wakefield WF1

Investment Information

- Full Address: 148 Agbrigg Road, Wakefield WF1 5BL

- Asking Price: £220,000.00

- Recently refurbished

- 4-bed HMO

- 2 bathrooms

- Average Weekly Rate Per Room: £123.75

- Potential Annual Gross Income: £25,740.00

- Potential Annual Running Cost: £8,419.22

- Potential Net Annual Income: £17,325.78

- Potential Gross Yield: 11.7%

- Terrace Property

Wakefield is not far behind Leeds in terms of house price growth, which may surprise you. Over the last ten years, the city has grown by an astounding 35.12%. However, as the below ( ... ) comparison shows, average property prices in Leeds are significantly higher. Leeds is heavily regarded as an investor hotspot. However, it seems investors should be looking outside of Leeds if they want to access even higher levels of capital growth and growing rental yields. Especially as rents are rising rapidly in Leeds city centre, residents are beginning to look elsewhere for more affordable prices.

With property markets such as Manchester and Leeds becoming increasingly oversaturated, many investors are wondering where the next hotspot will be. As we know, the rise of commuter towns has become a hot topic on investors radars. Commuter locations benefit from much lower property prices, but high levels of capital growth. Also, the achievable rental yields will be much higher. Therefore, it is crystal clear, judging by the unforeseen growth of Wakefield, that it is not a property market you want to miss out on.