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Elvey Street, Wakefield WF1

Yorkshire

£180,000
Listed on 30/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1170 sqft

Description

This terraced property in Wakefield presents a significant opportunity for renovation and investment. Spanning approximately 1,170 sq ft across four levels, this residence currently offers three bedrooms, but its adaptable layout includes a basement and two upper floors that can be reconfigured to meet various needs. Investors may find the potential to transform this space into a high-yield HMO (subject to relevant permissions), possibly accommodating 5–6 letting rooms to enhance rental returns. The generous room sizes and additional basement and loft area allow for creative design options, whether aiming for shared accommodation or a comfortable family home. With ample natural light throughout and spacious layouts waiting for modernisation, buyers have the chance to tailor the interiors to their specific preferences. Convenience is key here; the property is well-placed close to Wakefield town centre, providing easy access to local amenities, transport connections, and educational establishments, appealing to both homeowners and tenants alike. This property boasts considerable potential for those seeking a project that promises value addition.

Investment Analysis

(WF1 area)

Below Market Value

This property is priced -35.1% below area average per sq ft

-35.1%
Potential saving
This Property
£154/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£305,148
10% above area average per sq ft
Potential ROI
+32.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (WF1)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -3.7%
5 year growth: +9.5%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£638
Based on a loan of £135,000 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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