Affordable modern two-bed with parking and fast broadband — investment potential..
First-floor two-bedroom apartment, approx 727 sq ft
This two-bedroom first-floor apartment in Manygates Park offers a straightforward investment or starter-home opportunity in Wakefield. At around 727 sq ft the apartment is a comfortable, modern-layout property built in the mid-2000s, with double glazing and contemporary finishes in the kitchen and living areas.
The building includes off-street parking and benefits from excellent mobile signal and fast broadband — useful for tenants who work from home. The 106-year lease provides long-term security, and council tax is very cheap, which helps running costs. Local amenities are plentiful: shops, bus stops, Tesco, takeaways and healthcare facilities are all close by.
Buyers should factor in the higher-than-average service charge (£2,500 pa) and ground rent (£322 pa). Heating is electric via room heaters rather than a communal gas system, which can increase energy costs. The area is classified as deprived with a high local crime rate and constrained-renter demographics, which will affect tenant type and rental yield expectations.
For investors, the combination of modest purchase price and good connectivity could produce steady rental demand, though returns will be influenced by local market conditions and management of service-charge and energy costs. For an owner-occupier, the apartment offers a low-maintenance modern home but one should consider the neighbourhood profile and heating setup before committing.
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