Worst House on the Street Logo
Elvey Street, Wakefield, WF1 - Image 1
Elvey Street, Wakefield, WF1 - Image 2
Elvey Street, Wakefield, WF1 - Image 3
Elvey Street, Wakefield, WF1 - Image 4
Elvey Street, Wakefield, WF1 - Image 5
Elvey Street, Wakefield, WF1 - Image 6
Elvey Street, Wakefield, WF1 - Image 7
Elvey Street, Wakefield, WF1 - Image 8
Elvey Street, Wakefield, WF1 - Image 9
Elvey Street, Wakefield, WF1 - Image 10
Elvey Street, Wakefield, WF1 - Image 11
Elvey Street, Wakefield, WF1 - Image 12
Elvey Street, Wakefield, WF1 - Image 13

Elvey Street, Wakefield, WF1

Yorkshire

£180,000
Listed on 24/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1170 sqft

Description

This terraced property in Wakefield presents a solid opportunity for those looking to invest or renovate. Spanning approximately 1,170 sq ft across four levels, it currently offers three bedrooms but boasts a flexible layout, including a basement and two upper floors. This configuration is conducive to value-adding renovations, whether through modernising the current living space or reconfiguring it entirely. For investors, there is significant potential to convert the property into a high-yield House of Multiple Occupation (HMO), subject to obtaining the necessary permissions. With room for 5–6 letting rooms and generous dimensions throughout, this property could maximise income potential effectively. Alternatively, families seeking extra space will find ample room sizes and good natural light ideal for creating a comfortable home tailored to personal tastes. Situated conveniently close to Wakefield's town centre, residents will benefit from easy access to amenities, transport options, and educational institutions, making it appealing for both homeowners and tenants alike. This versatile property stands out as an advantageous project for buyers aiming for growth in value or investors on the lookout for their next venture.

Investment Analysis

(WF1 area)

Below Market Value

This property is priced -34.1% below area average per sq ft

-34.1%
Potential saving
This Property
£154/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£300,386
10% above area average per sq ft
Potential ROI
+30.6%
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

Elvey Street, Wakefield, WF1
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 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.

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.

Allcott Associates