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Residential Development Site, Pontefract

Yorkshire

£500,000
Listed on 05/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This notable residential development site is located in the historical market town of Pontefract, presenting a significant opportunity for strategic redevelopment. Spanning approximately 1,992.74 sqm (0.49 acres), this centrally positioned property includes an industrial depot and a small residential unit, offering multiple avenues for future configuration and development. The site has previously received full planning consent for the demolition of existing structures and construction of a vibrant residential scheme featuring a three-storey apartment building with 26 self-contained units, as well as two semi-detached three-bedroom homes. Although this planning approval has expired, it sets a clear precedent for potential reapplication or enhancement of the original plans. The property's advantageous location on Northgate benefits from excellent transport links including quick access to major motorways (M62, A1(M), A645) and close proximity to Pontefract Monkhill railway station, facilitating commutes to Leeds and Wakefield. The surrounding area is well-equipped with various amenities such as shopping centres, schools, and recreational facilities which bolster its appeal to both prospective residents and investors. This unique development opportunity not only allows for the creation of desirable living spaces in a sought-after area but also presents strong potential for value enhancement in a robust local housing market.

Investment Analysis

(WF8 area)
Area Average
£242/sq ft
Avg Rent (weekly)
£192
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (WF8)

Area prices are falling by -4.0% over the last 12 months
3 year growth: +5.0%
5 year growth: +16.4%
Investment Disclaimer: Analysis based on WF8 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

Residential Development Site, Pontefract
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,771
Based on a loan of £375,000 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.

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