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Ruskin Avenue, Wakefield - Image 1
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Ruskin Avenue, Wakefield

Yorkshire

£275,000
Listed on 01/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling investment opportunity featuring two individual building plots, both of which come with outline planning permission for the construction of detached homes. Located in a tranquil cul-de-sac just off Ruskin Avenue, this site benefits from a well-established residential ambiance, making it an attractive option for builders and self-builders alike. The plots are thoughtfully situated within reach of essential local amenities, highly regarded schools, and excellent transport links. Residents will appreciate the convenience of nearby shopping facilities, recreational areas, and easy access to major motorway networks including the M1 and M62, facilitating efficient commutes. Granted on March 28, 2025 (ref: 25/00658/OUT), the outline planning permission paves the way for prospective buyers to embark on their own development projects. This makes the property particularly appealing to investors looking to capitalize on a growing demand for new housing in this desirable area. The site is available for sale as a whole; however, individual plot sales may also be considered. Given its prime location and development potential, this offering should not be overlooked by those interested in pursuing residential projects in a promising market. For further details or to view the planning documentation, inquiries can be directed to our office for assistance in arranging an appointment.

Investment Analysis

(WF1 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£199
Avg Yield
4.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (WF1)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -5.3%
5 year growth: 9.9%
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

Ruskin Avenue, Wakefield
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,007
Based on a loan of £206,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE