Summary - HOWGATE HOUSE, 3 FLAT 31 WELLINGTON ROAD DEWSBURY WF13 1HF
1 bed 1 bath Apartment
Long-standing tenant and excellent transport links; suited to a cash or specialist buyer.
Long-term tenant in place paying £500 pcm, stable income stream
Asking price £32,500 — very high gross yield before costs
Approx. 78 years remaining on lease — likely mortgage lending issues
Service charge c. £1,990 pa and ground rent £200 pa
Electric room heaters; EPC rating D, dated internal condition
Close to Dewsbury railway station and town centre, good transport links
Area records very high crime and high deprivation — consider demand risk
Ideal for buy-to-let investor or cash buyer comfortable with management
This third-floor apartment sits within a Victorian-style block close to Dewsbury railway station and the town centre, currently occupied by the same tenant for over 12 years. The tenant pays £500 pcm, providing a stable income stream and an unusually high gross yield on the asking price. The property retains period character and generous ceiling heights but is dated in appearance and will suit a hands-off landlord or a buyer planning cosmetic updating.
Important financials and running costs should be noted: the lease has approximately 78 years remaining, which is likely to restrict mortgage availability or require a cash buyer. Service charges run at about £1,990 per year with a ground rent of £200; these reduce net return and add ongoing cost obligations. Heating is by electric room heaters and the EPC is D.
The apartment is a straightforward buy-to-let proposition for an investor willing to accept some management responsibilities and the local area’s challenges. The location offers excellent transport links and fast broadband, but the immediate area records very high crime and high deprivation levels, which may affect tenant demand and future capital growth. Practical purchasers should check lender criteria, lease-extension costs, and factor service charges into yield calculations.
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