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North Avenue, Wakefield

Yorkshire

£1,750,000
Listed on 27/12/2025

Property Details

Bedrooms
17
Type
Detached house
Area
11227 sqft

Description

This substantial detached property, originally constructed around 1830, offers a remarkable investment opportunity in Wakefield. Spanning approximately 8,980 square feet, it features twelve spacious bedrooms and seven reception rooms, making it suitable for large families or a multi-generational living arrangement. The inclusion of a separate five-bedroom house on the estate, offering around 2,200 square feet, provides additional accommodation ideal for rental purposes. This versatile property also boasts outbuildings and workshop spaces totaling about 1,300 square feet, which could be transformed for diverse uses or further development projects. With full planning permission already granted for an additional dwelling on the grounds, there is significant potential for investors looking to expand. The option to acquire more land enhances possibilities for commercial ventures such as a care home or other developments. The historical elements of the main house combined with its modern renovation potential create a unique proposition worthy of consideration. Parking facilities accommodate multiple vehicles, adding convenience for any prospective owner. Overall, this property combines rich history with substantial scope for renovation and investment.

Investment Analysis

(WF1 area)

Below Market Value

This property is priced -33.2% below area average per sq ft

-33.2%
Potential saving
This Property
£156/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,882,420
10% above area average per sq ft
Potential ROI
+44.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (WF1)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -4.7%
5 year growth: +11.7%
Investment Disclaimer: Analysis based on WF1 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

North Avenue, Wakefield
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£6,312
Based on a loan of £1,312,500 over 30 years at 4.06% 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.

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