Land On The South Side Of, Red Hall Lane, Wakefield WF1 - Image 1

Land On The South Side Of, Red Hall Lane, Wakefield WF1

Yorkshire

£450,000

Listed on 14/10/2025

Property Details

Bedrooms

N/A

Type

Detached house

Description

This is an exceptional investment opportunity situated in Wakefield, featuring full planning permission to construct four high-end detached homes within a gated community. The site is ideally located, offering easy access to Wakefield City Centre and surrounding amenities, including supermarkets, restaurants, and bars. Additionally, the proximity to the M1 and M62 motorways makes it appealing for commuters. Each proposed dwelling has been designed with a focus on spaciousness and functionality, catering well to families and professionals alike. Given its prominent location on Red Hall Lane, this development stands ready for immediate action. Interested parties should consult the Wakefield planning portal under reference 22/01364/ful for complete planning details and are strongly encouraged to conduct their own due diligence before proceeding.

Investment Analysis

(WF1 area)

Area Average

£233/sq ft

Avg Rent (weekly)

£195

Avg Yield

4.1%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£300,000 - £450,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

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

Land On The South Side Of, Red Hall Lane, Wakefield WF1

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments

£1,623

Based on a loan of £337,500 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.