17 Westgate Central, 117 Westgate, Wakefield, West Yorkshire, WF1 1EW

Description

A one bedroom second floor flat. The property forms part of a purpose built block. In need of somd modernisation. Vacant.

Accommodation

Second Floor - Entrance Hallway, Bathroom/WC, Bedroom, Open Plan Reception Room/Kitchen.

Location

Located on the south side of Westgate. Wakefield city centre amenities are easily accessilble at Wakefield Westgate Retail Park and at Westgate and Kirkgate. The recreational amenities of Thornes Park and Stanley Royd Playing Fields are nearby. Transport: Wakefield Westgate - Crosscountry / Grand Central / LNER / Northern. Wakefield Kirkgate - Grand Central / Transpennine Express / Northern.

Tenure / Property Information

Investment Analysis

The strongest evidence is the completed sale of a flat in the same block at £48,000 on 18 December 2025. An older same-block sale was £53,000 in August 2021, with earlier sales between £65,000 and £76,250. Given the latest evidence, the £48,000 sale is the most relevant conservative GDV indicator. The £35,000 guide is £13,000 below that sale before refurbishment, selling, finance and other costs. Exact comparability, floor area, service charges and condition scope are not supplied.

Investment Snapshot

Strategy Recommendation

Consider only as a tightly costed value-add resale opportunity after confirming the refurbishment scope, leasehold charges and saleability. Do not rely on BTL economics until supported rent evidence is obtained.

Works Required

Modernisation of the vacant one-bedroom flat, as stated in the description. The evidence does not specify the required elements, condition defects or a supportable cost allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £35,000 guide, a 75% refinance of the £48,000 base GDV would be approximately £36,000. However, refurbishment costs, acquisition costs and leasehold charges are unknown, so the cash required and refinance outcome cannot be reliably assessed.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Leasehold costs, including any service charge or ground rent, are also not provided.

Flip Analysis

Using the £48,000 base GDV, the guide-to-GDV difference is £13,000 before modernisation, selling, finance and other costs. Because the refurbishment scope and costs are unsupported, the net flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not specified.

• No sufficiently specific rental evidence is available, so BTL yield is unverified.

• Leasehold service charge, ground rent and other lease costs are not supplied.

• Buyer premium, administration charge and other auction fees are not supplied.

• The latest comparable is in the same block but its exact comparability and condition are not confirmed.

• The £48,000 GDV is an estimate based on limited comparable evidence, not a formal valuation.

Recommendation

Consider only as a tightly costed value-add resale opportunity after confirming the refurbishment scope, leasehold charges and saleability. Do not rely on BTL economics until supported rent evidence is obtained.

Strategy Rating

Analysis Confidence

There is recent same-block sold evidence and a stated guide price, but no refurbishment cost, rental, leasehold-cost, floor-area or buyer-fee evidence.