Henry Street

Property Overview

We are delighted to present this newly refurbished four-bedroom HMO investment property located in the sought-after area of Wakefield. Situated outside of the new Article 4 direction zone, this property provides excellent flexibility for investors looking to maximise their returns in the growing HMO market.

• Address: 59 Henry Street, Wakefield, WF2 9NY
• Tenure: Freehold
• Sale Price: £200,000
• Expected Gross Income: £2,100 pcm / £25,200 pa
• Yield: 12.6% gross yield

Accommodation

This modern HMO has been thoughtfully converted and refurbished to the highest standard, offering bright, comfortable, and practical living spaces.

• Four Double Bedrooms
  • 2 Ensuite Bedrooms (First Floor) – Expected rental £550 pcm each
  • 2 Ground Floor Bedrooms (Sharing one modern bathroom) – Expected rental £500 pcm each
• Brand-New Kitchen with ample storage and appliances
• 3 Bathrooms – modern finishes throughout
• Fully Furnished – ready for immediate tenant occupation

Investment Highlights

• Immediate Income Potential – Projected gross rental of £2,100 per calendar month
• Turnkey Investment – Refurbished, fully furnished, and compliant with HMO standards
• Strong Yield – Achieving 12.6% gross return at asking price
• Low Barrier to Entry – Only £200,000 for a ready-to-let HMO asset
• Outside Article 4 Direction – No restrictions on future HMO use

Why Wakefield?

Wakefield is rapidly growing as a hotspot for professional renters and investors alike:

• Strategic Location – Excellent transport links via M1, M62, and direct trains to Leeds, Manchester, and London
• Growing Economy – Expanding business hubs and strong employment base
• Rising Rental Demand – Increasing number of professionals and contractors seeking high-quality shared accommodation
• Capital Appreciation Potential – Wakefield property prices have shown steady growth, with room for further appreciation as demand continues to rise

With Wakefield’s rental market on the up and continued regeneration in the city, this property offers not just strong rental income today, but also long-term capital growth potential for savvy investors.

Summary

59 Henry Street presents an unmissable opportunity for investors seeking a hands-off, high-yielding HMO investment in an area primed for growth. With all the work already done – from refurbishment to furnishing – you can start collecting rental income from day one.

Get in touch with the team