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High Street, Crofton, Wakefield

Yorkshire

£80,000
Listed on 05/02/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This is an intriguing opportunity for investment in a well-situated development plot that comes with full planning permission to construct two apartments. Located in the heart of a desirable village, this flat site is primed for development and presents a chance to create residential units tailored to local demand. The approved design allows for a two-storey building consisting of one ground floor apartment of approximately 52 sq. metres and another on the first floor measuring around 55 sq. metres. Both apartments benefit from the amenities of the community, with local shops, schools, and recreational options nearby. Additionally, the plot offers significant road frontage alongside ample space for parking and landscaping enhancements. Crofton itself boasts a charming village atmosphere while being conveniently close to Wakefield’s city center, which features extensive transport links including a mainline railway station and easy access to major roads.

Investment Analysis

(WF4 area)
Area Average
£255/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (WF4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +6.8%
5 year growth: +13.6%
Investment Disclaimer: Analysis based on WF4 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

High Street, Crofton, Wakefield
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£283
Based on a loan of £60,000 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.

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