Latest Property Investing News:

Investment data for Wakefield (WF2)

Information on local prices, rents, yields, growth & more in Wakefield (WF2)

Population: 50,885
Households: 21,360
Density: 4,848/mi²

Home Sales Data:

Current average asking prices (based on 80% of properties)

Studio: Average Not enough market data to generate accurate statistics

1 Bed Homes: Average Not enough market data to generate accurate statistics

2 bed Homes: Average £145,000

3 Bed homes: Average £196,000

4 Bed homes: Average £375,000

5 Bed homes: Average £685,000

Current average sold house prices (based on 80% of properties)

Studio: Not enough market data to generate accurate statistics

1 Bed Homes: Average Not enough market data to generate accurate statistics

2 bed Homes: Average £129,000

3 Bed homes: Average £184,000

4 Bed homes: Average £289,000

5 Bed homes: Average Not enough market data to generate accurate statistics

Rental Market Data:

Residential Homes to let in Wakefield (WF2): Average Monthly Rental Prices

Studio: Not enough market data to generate accurate statistics

1 Bed: £428 pm

2 Bed: £632 pm

3 Bed: £816 pm

4 Bed: Not enough market data to generate accurate statistics

5 Bed: Not enough market data to generate accurate statistics

HMO Rooms to let in Wakefield (WF2)

Double en suite £465 pm

Double Not enough market data to generate accurate statistics

Single en suite – Not enough market data to generate accurate statistics

Single: Not enough market data to generate accurate statistics

Supplementary Rental Property Market Data for Wakefield (WF2)

100% Are furnished

71% Have parking

79% Have outside space

0% Have disabled access

67% Have living room

100% Include internet

8% Accept couples

17% Accept smokers

4% Accept pets

0% Housing allowance

Average yields for Residential PRS Properties to let in Wakefield (WF2)

Studio – Insufficient data to accurately calculate yield

1 Bed –   Insufficient data to accurately calculate yield

2 bed –   5.0%typical yield

3 Bed – 4.7%typical yield

4 Bed – Insufficient data to accurately calculate yield

5 Bed – Insufficient data to accurately calculate yield

Average yields for HMOs to let in Wakefield (WF2)

Studio: This property size is not applicable for HMO room-let

1 bed: This property size is not applicable for HMO room-let

2 Bed –   Insufficient data to accurately calculate yield

3 Bed –   Insufficient data to accurately calculate yield

4 Bed –  Insufficient data to accurately calculate yield

5 Bed –  Insufficient data to accurately calculate yield

Investing in Wakefield (WF2) Property Data

Average Growth in House Prices

Dec 2016    £195,615    5.6%

Dec 2017    £200,858    2.7%

Dec 2018    £209,289    4.2%

Dec 2019    £209,026   -0.1%

Dec 2020    £220,933    5.7%

1 year: 6%

3 years: 10%

5 years: 19%

Property investing activity in Wakefield (WF2):

320 properties for sale

10.0 months of inventory

304 average days to sell

Currently it’s a Buyer’s market: Low demand, prices may fall

Rental market data for Wakefield (WF2)

Average 52 rentals per month

80 properties for rent

1.5 months of inventory

46.46 average days to rent

Currently it’s a Landlord’s market: High demand, rents may rise

Current Housing Stock for Wakefield (WF2) investment area

Number of bedrooms:

Studio – 1%

1 bed – 6%

2 Bed – 26%

3 Bed – 39%

4 Bed – 21%

5 Bed – 8%

Property type:

Detached 23.2%

Semi Detached – 47.6%

Terraced 15.8%

Purpose Built Flat – 12.0%

Converted Flat 0.8%

Commercial Flat 0.5%

Demographics:

Average household income: £40,300

Crime rate 133 crimes per 1,000 residents in the last year

Considered a low crime rate.

Planning data:

Planning activity level: Average

Number of applications: 192

Total est. construction cost: £45.0m

Application success rate: 98%

Source: https://propertydata.co.uk/ Data as of 7 December 2020