Worst House on the Street Logo
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 1
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 2
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 3
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 4
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 5
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 6
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 7
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 8
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 9
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 10
32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF - Image 11

32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF

Yorkshire

£490,000
Listed on 29/09/2025

Property Details

Bedrooms
N/A
Type
Office
Area
4454 sqft

Description

This significant property presents a compelling opportunity for redevelopment, ideal for those looking to convert it into residential units, pending the necessary planning permissions. Previously utilized as office space, its layout can easily be adapted for residential or mixed-use purposes. Investors may find potential in partitioning the property into two separate units as an alternative option. Internally, the building is in reasonable condition with gas central heating and existing kitchen and WC facilities, making initial modifications more straightforward. The property benefits from on-site car parking with capacity for up to 10 vehicles, enhancing its appeal for various uses. Located within close proximity to motorway access and just a short walk from Westgate Railway station, this site offers both convenience and accessibility.

Investment Analysis

(WF1 area)

Below Market Value

This property is priced -53.6% below area average per sq ft

-53.6%
Potential saving
This Property
£110/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£1,161,648
10% above area average per sq ft
Potential ROI
+111.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (WF1)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -3.7%
5 year growth: +9.5%
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

32 Cheapside & 5-7 Cliff Parade, Wakefield, WF1 2TF
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,735
Based on a loan of £367,500 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

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Finance for Buy-to-Let, Bridging & Development