Summary -
1, Castle Mews,PONTEFRACT,WF8 1AH
WF8 1AH
2 bed 1 bath Flat
Immediate rental income with garage and garden appeal.
Long-term tenant in situ, producing £7,200 pa currently
A practical buy-to-let with a long-standing tenant in situ, this two-bedroom flat at Castle Mews offers immediate rental income and straightforward portfolio addition. The property is leasehold with 107 years remaining and totals about 635 sq ft, comprising lounge, kitchen, bathroom and two bedrooms. A garage and a private garden add tenant appeal and let it stand out from typical flats.
Current gross income is £7,200 pa with scope to achieve around £8,400 pa at market rent, giving an interesting yield at the guide price of £81,000. Broadband speeds are average but mobile signal is excellent — useful for tenants and for managing lettings remotely. The building shows well and has been maintained to a good standard internally.
Buyers should note material negatives: the area records high crime levels and is classified as very deprived, which will influence tenant demand and long-term capital growth. The sale is subject to a buyer’s premium. As a leasehold investment, purchasers must allow for ground rent and service charges and factor those into returns.
This is aimed at investors or developers seeking immediate cashflow rather than owner-occupiers. The current reliable tenancy reduces void risk, while modest uplift in rent or light refurbishment could improve returns. Thorough due diligence on local letting demand, charges and the Let Property Pack is recommended before offer.
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