Summary - Apartment 4 Bayheath House, 20, Market Street WF1 1DH
2 bed 1 bath Flat
Central Wakefield two-bed flat with sitting tenant and strong rental yield — allocated parking and 113-year lease.
Two-bedroom third-floor flat, approx. 517 sq ft
Sitting tenant in place — sold as investment only
Gross rental yield approx. 11% at £650pcm
Leasehold with approx. 113 years remaining
Service charge £2,761pa; ground rent £445pa
Very high local crime and very deprived area
Electric storage heating; EPC rating C75
Allocated off-street parking included
A compact two-bedroom third-floor flat in the heart of Wakefield, offered with a sitting tenant and an estimated gross rental yield of about 11%. The apartment has an open-plan kitchen-living room, two bedrooms, a contemporary bathroom and allocated off-street parking — a simple, city-centre income asset for an investor seeking immediate returns.
Practical running costs include electric storage heating and an EPC C (75). The lease has approximately 113 years remaining and there is an annual service charge of £2,761 plus a ground rent of £445, which reduce net income and are important to factor into purchase calculations. Council tax is very low.
This property sits in a busy, very deprived urban area with very high local crime levels — factors that may affect long-term tenant quality and capital appreciation. Broadband and mobile signal are strong, and town-centre amenities and schools are close by, supporting lettability.
Buyers should note the flat’s small overall size (about 517 sq ft) and that heating is via electric storage heaters. The building dates from the late 1970s/early 1980s and is system-built with partial insulation assumed; prospective purchasers should arrange surveys and checks on services, building safety and any mining history before committing.
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