This property presents a unique investment opportunity, featuring four self-contained one-bedroom apartments, all currently tenanted. Located in the desirable village of Stanley within Wakefield, this asset offers both immediate rental income and potential for future capital growth.
Each apartment is designed to maximize space and functionality, making them attractive to renters seeking comfortable living arrangements. The total monthly rental income stands at £2,520, amounting to £30,240 annually. The established tenant history adds stability to your investment from day one.
The freehold title is available if the entire portfolio is purchased together, while each apartment remains leasehold. Additionally, the property includes four allocated parking spaces and extra land that could be developed further, depending on planning permissions. This flexibility opens avenues for a potential increase in value through development projects such as extensions or new building structures.
The location is particularly favorable for those commuting to nearby urban centers. Stanley boasts convenient access to Wakefield city center and Leeds via the M62 and local train services. This connectivity is complemented by a rising demand for rental properties driven by young professionals and those looking to downsize.
With consistent growth in property values in Wakefield over recent years, this portfolio not only provides strong yields—projected at around 10.08% based on the current asking price—but also promises further capital appreciation as the area continues to develop.
This offering represents a comprehensive investment package: a ready-made income source combined with significant renovation and development potential. For investors looking to expand their portfolio with an asset that has both immediate returns and future upside prospects, this property merits serious consideration.
