West Street

Wakefield, Yorkshire

£250,000

  • 5 Bed & 5 Ensuite (1 Additional Bathroom
  • Long Term Charity in Place
  • Annual Rental income Gross of £35,280
  • Gross Yield of 14.1%
  • Separate Living & Dining Room & Kitchen
  • HMO Licence In Place
  • Currently tenanted under a single AST with the charity

For more information please contact our team:

0161 337 3890

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Investment Opportunity – 2 West Street, Wakefield WF6 2AP

Fully Tenanted 5-Bed HMO | Corporate Let | £2,940 PCM Income

Asking Price: £250,000

Annual Rental Income: £35,280

Tenure: Freehold

HMO Licence: Fully Licensed

Property Overview

Presenting an exceptional opportunity to acquire a high-performing, fully tenanted HMO property in the heart of Wakefield.
2 West Street has been operated successfully under a corporate tenancy agreement for the past five years, providing a stable, hands-free investment.

The current tenant is a reputable care company providing accommodation for vulnerable adults, ensuring long-term occupancy and reliable rental income.

This property represents a turnkey investment with an established income stream and minimal management requirements.

Property Features
  • Five En-Suite Bedrooms – fully furnished and maintained to a professional standard
  • Communal Areas: Dining room, kitchen, and living room
  • Additional Shared Bathroom
  • Modern décor and fittings throughout
  • Fully compliant HMO Licence in place
  • Currently tenanted under a single AST with the charity
Financial Overview
Description Amount (PCM) Notes
Rental Income £2,940 Fully tenanted (corporate let)
Water £56 Paid by landlord
Council Tax £127.65 Paid by landlord
Energy £330 Paid by landlord
TV Licence £14 Paid by landlord
Internet £39.60 Paid by landlord
Net Monthly Income (approx.) £2,343.75 After bills

Net Annual Return: approx. £28,125
Gross Yield: 14.1%
Net Yield (approx.): 11.2%

(All figures are approximate and should be verified by purchasers.)

Investment Highlights
  • Fully tenanted – immediate income from day one
  • 5-year track record with same corporate tenant
  • Strong gross and net yields
  • Professionally managed and fully licensed HMO
  • Minimal void risk
  • Ideal hands-free investment
  • Currently tenanted under a single AST with the charity
Location – Why Invest in Wakefield

Wakefield is a thriving West Yorkshire city with excellent connectivity, just 10 miles south of Leeds and well served by the M1 and M62 motorways.

The area benefits from:

  • Strong demand for quality HMO and supported accommodation
  • A growing employment base with expanding corporate and healthcare sectors
  • Excellent transport links to Leeds, Huddersfield, and Sheffield
  • Competitive property prices offering higher yields than many UK cities

Wakefield continues to attract both domestic and corporate tenants, making it one of the region’s most promising investment hotspots.

Summary

This is a rare opportunity to purchase a fully operational, income-producing HMO with a longstanding corporate tenant and robust returns.

An ideal choice for investors seeking a hands-off, high-yielding asset in a strong rental market.

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