Summary - 16, The Square, CASTLEFORD WF10 3JJ
4 bed 1 bath House of Multiple Occupation
Four-bedroom buy-to-let with parking and immediate rental income potential.
Freehold mixed-use property with ground-floor commercial frontage
This freehold mixed-use property offers a ready-made HMO income stream and ground-floor commercial frontage in central Castleford. The four-bedroom upper unit is let to long-standing tenants creating immediate rental return, with modern kitchen, split bathroom and allocated off-street parking.
Current gross income is £18,360 with scope to increase to approximately £22,200 by re-letting at market rates, making this a straightforward buy-to-let addition for an investor seeking near-term yield. The building totals about 1,227 sq ft and sits on a large plot, providing some scope for value-add improvements.
Buyers should note the area context: very deprived ward classification, high local crime rates and a catchment described as challenged, renting hard-pressed workers. The ground-floor commercial space shows signs it may require refurbishment to reach full retail potential; factor refurbishment costs into acquisition plans.
This is a pragmatic purchase for investors comfortable working in higher-yield, higher-risk urban locations. The property’s tenant stability, allocated parking and proximity to amenities support lettability, while refurbishment or active management could unlock improved returns.
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