Dewsbury Road, Wakefield, WF2

Yorkshire

£500,000

Listed on 27/12/2025

Property Details

Bedrooms

Type

Detached house

Area

1489 sqft

Description

This property presents a unique opportunity for renovation and investment, featuring full planning permission for the demolition of the existing dwelling and the construction of five new three-storey terraced houses, each with four bedrooms. Currently, it is a spacious 4-bedroom detached bungalow set on an expansive plot with dual gated access points. The existing layout includes a welcoming entrance hall, an open-plan kitchen/lounge/dining area equipped with electric underfloor heating across its three zones, and ample living space. The property benefits from double glazing and a gas central heating system. Its generous gardens provide potential for redevelopment or enhancement. Located conveniently close to local amenities, schools, and transport links such as Westgate Railway Station and Thornes Park, this home offers great accessibility for commuters. Given the strategic location and development potential, viewing is essential to appreciate the scope this property offers.

Investment Analysis

(WF2 area)

Above Market Value

This property is priced +32.1% above area average per sq ft

+32.1%

This Property

£336/sq ft

Area Average

£254/sq ft

Avg Rent (weekly)

£211

Avg Yield

3.7%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£100,000 - £150,000

Target Value

£416,436

10% above area average per sq ft

Potential ROI

-35.9%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

19%

Properties sold annually

Local Market Trend (WF2)

Area prices are rising by +9.0% over the last 12 months

3 year growth: +15.4%

5 year growth: +19.8%

Investment Disclaimer: Analysis based on WF2 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

Dewsbury Road, Wakefield, WF2

Loading map...

Open Map

Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments

£1,803

Based on a loan of £375,000 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.