Worst House on the Street Logo
Queen Street, Wakefield WF1 - Image 1
Queen Street, Wakefield WF1 - Image 2
Queen Street, Wakefield WF1 - Image 3

Queen Street, Wakefield WF1

Yorkshire

£400,000
Listed on 13/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents an exciting opportunity for transformation, involving the conversion and expansion of the historic former Queen Street Hall into 25 self-contained apartments. Full planning permission has already been secured for a change of use, which includes plans for a three-storey upwards extension—positioning this development as a potentially lucrative venture in the heart of Wakefield city centre. The existing site features a sizable hall building that has housed various commercial activities, including a dance hall and light industrial operations over time. Its traditional façade will be preserved during renovations, adding to its character. Surrounded by a blend of residential and commercial spaces, this site is ideally situated to meet the increasing demand for city-centre living. With an area of approximately 348 square meters (0.035 hectares), this project is set to benefit from Wakefield's excellent transport links and robust local amenities, making it an attractive investment prospect.

Investment Analysis

(WF1 area)
Area Average
£237/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
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

Queen Street, Wakefield WF1
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates