Hugh Street

Investment Opportunity – 183 Hugh Street, Castleford, WF10 4DX

• Asking Price: £135,000
• Tenure: Freehold
• Current Rent: £775 PCM (£9,300 per annum)
• Reversionary Rent Potential: £850 PCM (£10,200 per annum)
• Bedrooms: 2 Double Bedrooms
• Property Type: Mid-Terrace
• Refurbished: 2020

Income-Producing Buy-to-Let with Rental Uplift Potential

A strong opportunity for investors to acquire a well-presented, freehold, two-double-bedroom terraced property in Castleford, offered with tenants in situ and clear scope for rental growth.

The property was refurbished in 2020, is well maintained, and continues to perform reliably as a rental asset. With market rents in the area supporting higher monthly figures, there is an identified uplift potential to £850 PCM, making this an attractive value-add investment.

Rental Performance & Yield Analysis

Current Performance:

• Monthly Rent: £775
• Annual Rent: £9,300
• Gross Yield at Asking Price: 6.89%

Reversionary Potential:

• Projected Rent: £850 PCM
• Annual Rent: £10,200
• Potential Gross Yield: 7.56%

This combination of immediate income and future rental upside makes the property particularly appealing for landlords focused on yield growth over the short to medium term.

Refurbished & Tenant-Friendly Accommodation

The layout and condition of the property continue to attract and retain tenants, benefiting from:

• Two genuine double bedrooms
• Two reception rooms, offering flexible living space
• Fresh, neutral décor throughout
• Modern kitchen and bathroom fittings
• Gas central heating & double glazing

The refurbishment completed in 2020 has ensured lower ongoing maintenance costs and consistent tenant demand.

Investor Highlights

• Freehold investment
• Tenants in situ
• Immediate rental income
• Rental uplift potential to 7.56% gross yield
• Two double bedrooms & two reception rooms
• Refurbished and well maintained
• Walking distance to town centre
• Strong tenant demand location

Summary

183 Hugh Street presents a solid buy-to-let investment offering dependable income today with clear scope to enhance returns through rental growth. With refurbishment works already completed, tenants in place, and a competitive asking price, this is a low-risk, high-appeal asset for investors seeking both stability and upside.

Get in touch with the team