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Bondgate, Pontefract WF8

Yorkshire

£600,000
Listed on 06/10/2025

Property Details

Bedrooms
9
Type
Terraced house
Area
2587 sqft

Description

This expansive property offers a unique opportunity for renovation and investment, featuring nine bedrooms and a flexible layout that caters to various business uses under Class C2 designation. Currently operating as a guest house, the property is not only well-suited for hospitality purposes but also holds potential for conversion into residential care, training centers, or other multifaceted operations. The main three-story Victorian structure showcases six en-suite guest rooms along with essential amenities such as a reception area, an office space, a dining room accommodating twelve guests, and a fully equipped commercial kitchen complete with laundry facilities. This setup allows for immediate operation in the hospitality sector while providing scope for further enhancements tailored to specific business needs. At the rear of the property lies a modern two-story building currently utilized as private accommodation. This area features a lounge, kitchen, WC, bathroom, master bedroom with en suite, and two additional bedrooms. Notably, planning permission has been obtained for extending this building into additional studio units, which would significantly increase rental capacity and revenue potential. The convenience of ample parking at the rear and on-street availability at the front encourages easy access for visitors and staff alike. Its strategic location on Bondgate—one of Pontefract's busiest thoroughfares—ensures strong visibility and exposure to foot traffic. The property is also conveniently located within half a mile of Pontefract Monkhill train station and has excellent connectivity to major roads leading to Wakefield, Leeds, Doncaster, York, London, and beyond. Pontefract itself is a historic market town experiencing growth in its tourism sector due to attractions like Pontefract Castle and the local racecourse that attract visitors throughout the year. The town's ongoing regeneration initiatives further enhance its appeal as an investment destination. With increasing demand for short-term rentals and versatile housing solutions in the area, this property presents an exceptional chance to acquire a significant commercial asset poised for development in an evolving community setting.

Investment Analysis

(WF8 area)

Below Market Value

This property is priced -0.3% below area average per sq ft

-0.3%
Potential saving
This Property
£232/sq ft
Area Average
£233/sq ft

Renovation Potential

Est. Renovation Cost
£60,000 - £150,000
10-25% of property value
Target Value
£662,052
10% above area average per sq ft
Potential ROI
-11.7%
After renovation
Monthly Sales
23
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (WF8)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 7.5%
5 year growth: 27.4%
Investment Disclaimer: Analysis based on WF8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Bondgate, Pontefract WF8
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