Peterson Road, Wakefield, WF1
Yorkshire
£240,000
Listed on 24/10/2026
Listed on 24/10/2026
The listing
Property details
Bedrooms
5Type
TerracedArea
2250 sqftFeatures
- Garden
Description
This five-bedroom mid-terrace house is offered with no upward chain and is described as requiring modernisation. Its accommodation is arranged over three floors, with an entrance hall, bay-fronted lounge, separate dining room, kitchen, ground-floor shower room and cellar access. The kitchen opens into a conservatory leading to the enclosed rear garden.
Three bedrooms and a four-piece bathroom occupy the first floor. Two further large bedrooms and a separate WC are on the second floor. The property also has double-glazed windows, gas central heating, a small front garden and on-street permit parking.
The listing places the house within walking distance of Wakefield city centre, with public transport, local amenities and schools nearby. Its five-bedroom layout may suit a range of uses, including HMO accommodation, subject to the relevant permissions and licensing requirements. Buyers should verify the property details and assess the scope of modernisation before proceeding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
79out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £240,000, this five-bedroom terrace is priced at about £107 per sq ft, well below the local average of £232 per sq ft—an unusually low entry point for its generous space. The dated finishes across several rooms create a clear improvement canvas: modernise the kitchen and washrooms, refresh decoration and flooring, and investigate the staining and peeling finish visible upstairs before planning repairs.
The separate lounge and dining room, conservatory, cellar and enclosed garden add flexibility to a substantial home within walking distance of Wakefield city centre. The asking price plus the stated £39,000–£78,000 renovation range indicates the scale of the project, while the five-bedroom layout may also suit buyers exploring HMO use subject to permissions and licensing.
Key opportunities
- Acquire 2,250 sq ft at around £107 per sq ft, substantially below the local average.
- Refresh the dated kitchen, washrooms, decoration and flooring to give the generous accommodation a more cohesive finish.
- Make use of the five-bedroom layout, separate lounge and dining room, conservatory, cellar and enclosed garden.
Key risks
- Investigate the visible upper-floor staining and peeling finish to establish the cause and repair scope.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£907
Based on a loan of £180,000 over 30 years at 4.45% 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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