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Thornhill House

Wakefield, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: Q3 2023

One Bedroom Apartment

£106,000.00

  • Invest From Only £106,000
  • Estimated Net Yields Up To 11%
  • Short Term Lets Available
  • Wakefield City Centre Location
Purchase Process

Investment Highlights

  • Invest from as little as £106,000
  • Estimated yields as high as 11% with 75% occupancy
  • AST Rental projections at £600 to £750pcm
  • Works already 6 weeks underway.
  • Short term lets & mortgage approved
  • Parking spaces available from £8000
  • Desirable central Wakefield location
  • 10 Year Warranty with Buildzone
  • Only 15 minutes by train to major cities such as Leeds

Investment Breakdown

  • Leasehold: 999 years
  • Ground Rent: Zero £2 per sqft (£797 pa)
  • Service Charge: Estimated
  • Estimated Completion: Q3 2023 (July/August)

Market Key Facts

  • Annual house price growth (Yorkshire & Humber) +7.4% (Zoopla)
  • Average regional rental prices have grown 8.8% year on year and are in excess of £790 pcm
  • Wakefield is benefitting from a multimillion-pound City Centre Masterplan worth more that £40 million
  • Over 150,000 estimated population growth in the wider city area forecast over the next ten years
  • Excellent transport connections to major cities such as Leeds, Barnsley, Sheffield & Manchester

Thornhill House - Overview

Pure Investor are delighted to offer the Thornhill House, a collection of 23 luxury one bedroom apartments ideally located in the heart of the growing economy of Wakefield.

Located in Wakefield’s city centre, set directly across the road from the Ridings Shopping Centre, Thornhill House offers the ideal base for those who value urban amenities and convenience.

The development itself is a high-quality office-to-residential conversion that will see a former legal headquarters transformed into some of the city’s most attractive and best-located apartments. The 23 single-bedroom units are being built to the highest standards with regards to their furnishings and energy efficiency levels ensuring they suit the demands modern life demands.

The property comprises of four residential storeys offering modern living whilst respecting the architectural traditions of the area. The interior, however, has been wholly remodelled to create stylish, contemporary living spaces that are secure, well-equipped and inexpensive to run.

Payment Plan

  • Reserve your unit with a signed reservation form
  • Provide certified ID, proof of address and proof of funds to Pure Investor
  • Pay a £5000 non-refundable reservation fee then solicitor appointed for buyer and seller
  • Exchange contracts 20% of balance less reservation Fee
  • Remaining balance due on completion estimated to be Q3 2023

Thornhill House - Key Points

Location

Location

Wakefield, United Kingdom

Bedrooms

Bedrooms

1 bedroom

Price

Price

£106,000.00

Completion

Completion

Q3 2023

Rental Yield

Rental Yield

Up To 11%

Development Availability

PropertySizeBedroomsPriceEnquire
One Bedroom Apartment398.27 square foot1£106,000.00Enquire

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Looking to Sell

Looking to sell your tenanted buy to let property?

Are you considering selling your property with sitting tenants?

Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

  • Specialists in selling tenanted properties in the UK.
  • Database of over 30,000 experienced property investors, actively seeking tenanted properties to add to their portfolio.
  • Experienced in working with tenants and lettings agents to ensure smooth transition and good communication throughout.
  • Generate rental income right up to completion of sale and avoid expensive void periods during sales and legal process.

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Thornhill House - Location

Wakefield is a city that is seeing strong growth in its economy, population and jobs market. Its City Centre Masterplan is already supporting new investments in leisure, retail and the public realm, and it builds on an already rich cultural heritage.

The city boasts theatres, galleries and museums, together with numerous outlying parks and great access to the wider green spaces of the Peak District. In short, it’s a place where residents and short-stay visitors can enjoy activities and entertainment of all kinds.

Nearby Amenities

  • The Ridings Shopping Centre - 2 minute walk
  • Theatre Royal - 8 minute walk
  • Wakefield Museum - 11 minute walk
  • Wakefield College - 12 minute walk
  • Leeds City Centre - 15 minutes by train

Need some help? Request a FREE call back today.

Whether you're a seasoned investor or considering your first property investment, our experienced team are here to help. Arrange a FREE call back from one of our team!

Free Call Back

Call our team today on +44 (0) 161 337 3890

Why Invest

Why Invest in Wakefield

Wakefield is demonstrating many of the characteristics that are of particular importance to investors. Properties here are very affordable by national standards, so they are likely to be better able to hold that value in 2023, and to see faster-than average growth in the years beyond.

Investment prospects are especially good in the city centre, where tenants have great access to jobs, leisure amenities and retail outlets, as well as to public transport infrastructure. The centre, of course, is also where much of the city’s urban regeneration work is yielding some of the most dramatic local improvement.

  • Annual house price growth (Yorkshire & Humber) +7.4% (Zoopla)
  • Average regional rental prices have grown 8.8% year on year and are in excess of £790 pcm
  • Wakefield is benefitting from a multimillion-pound City Centre Masterplan worth more that £40 million
  • Over 150,000 estimated population growth in the wider city area forecast over the next ten years
  • Excellent transport connections to major cities such as Leeds, Barnsley, Sheffield & Manchester

Other Popular Developments

Why Choose Pure Investor

Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.

We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.

We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.

If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 660 8261.

We look forward to hearing from you!

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