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Reid Park Avenue, Wakefield, WF4

Yorkshire

£280,000
Listed on 07/12/2024

Property Details

Bedrooms
2
Type
Detached

Description

This well-maintained two-bedroom detached residence, located on a desirable cul-de-sac in Horbury, presents an attractive opportunity for renovation and expansion. The property is currently move-in ready but offers significant potential for enhancement due to its substantial corner plot. Originally rewired and replumbed in 2000, it features freshly decorated interiors including a charming pine kitchen, a spacious living room, and a family bathroom. The first floor hosts two generously-sized double bedrooms with built-in storage solutions. Notably, there is lapsed planning permission for an attached double garage with additional living space above, highlighting the investment potential for future developments. Externally, the property boasts gardens to the front, side, and rear, along with ample off-street parking and a detached garage. Situated conveniently for local amenities and close to motorway links for commuting, this property not only offers immediate habitation but also avenues to significantly increase its value through strategic renovations.

Investment Analysis

(WF4 area)
Area Average
£255/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (WF4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +6.8%
5 year growth: +13.6%
Investment Disclaimer: Analysis based on WF4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Reid Park Avenue, Wakefield, WF4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£992
Based on a loan of £210,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-6.7% since listed
£280,000£20,000(-6.7%)
26/03/2025
Current price
£300,000Initial listing
06/12/2024

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