Summary - 24 ASHDOWN ROAD WAKEFIELD WF1 5LU
4 bed 4 bath Terraced
Immediate rental income from a compliant, furnished four-bedroom HMO near hospital.
4 en-suite bedrooms, each with private bathroom
Fully let, fully licensed HMO — turnkey income stream
Sold furnished; communal kitchen and lounge included
Gross rent £2,250pcm; net income ~£1,750pcm (c.9% yield)
Close walk to Wakefield centre and Pinderfields Hospital
Very high local crime rate; may affect management costs
Small rear garden and yard; requires maintenance
Located in a deprived area — limited capital growth potential
This recently refurbished Victorian terrace is offered as a fully compliant, fully let 4-bedroom HMO, providing a turnkey income stream in Wakefield. Each bedroom has a private en-suite and the property is sold furnished, with a communal kitchen and lounge already configured for HMO use. The listing shows a gross rent of £2,250 pcm and an approximate net yield of c.9% after typical running costs.
The location benefits from reliable rental demand from professionals and nearby hospital staff, and it is within walking distance of Wakefield city centre and Pinderfields Hospital. The property is freehold, well-presented inside and ready for immediate occupation, making it suitable for investors wanting minimal voids or management lead-in time.
Be clear about the material drawbacks: the property sits in a very high crime, deprived area, which may affect long-term capital growth and management costs. The rear garden and yard are small and need maintenance, and the plot is compact typical of terraced houses — limited private outdoor space. Potential purchasers should also factor in ongoing HMO management and licence responsibilities.
Overall, this is a practical, income-focused investment: low-entry price, strong immediate cash flow and scope to optimise returns further subject to licence variation or property improvements. It will suit buyers prioritising yield and occupancy over long-term capital appreciation.
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