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Elvey Street, Wakefield WF1

Yorkshire

£180,000

Listed on 19/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1170 sqft

Description

This terraced property offers a generous 1,170 sq ft of living space spread across four levels, making it a prime candidate for renovation or investment. Currently configured as a three-bedroom residence, the layout features a basement and two upper floors that lend themselves to creative reconfiguration. The property presents an exciting opportunity for those interested in adding value through modernization, particularly appealing for investors considering conversion into a high-yield HMO (subject to planning permissions), with the potential to create 5-6 letting rooms, maximizing rental returns. Alternatively, this home could serve well as a spacious family dwelling, providing ample room sizes and an abundance of natural light while allowing future owners to imbue it with their personal style. Situated conveniently close to Wakefield town center, residents will benefit from nearby amenities, transport options, and schools, enhancing its desirability for both personal use and rental purposes. This chain-free offering is ready for immediate possession on completion, representing a versatile opportunity with significant upside potential.

Investment Analysis

(WF1 area)

Below Market Value

This property is priced -35.3% below area average per sq ft

-35.3%
Potential saving
This Property
£154/sq ft
Area Average
£238/sq ft
Avg Rent (weekly)
£191
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£306,242
10% above area average per sq ft
Potential ROI
+39.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (WF1)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -3.7%
5 year growth: +5.2%
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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£642
Based on a loan of £135,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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