High Specification Apartments With 18% Discount And Parking
Wakefield, West Yorkshire
£69,995 (prices from)

Net
Gross
Finance

I agree to the Assetz Terms & Conditions  

We’re delighted to present Hendal Rise, 18 fantastic apartments exclusive to Assetz Property set for completion in January 2019, located in a residential suburb 10 minutes from Wakefield city centre.

With 18% discount negotiated from agent valuations and high rental yields achievable, this is a fantastic opportunity to purchase property in an extremely strong employment area with outstanding commuter links. Junction 39 of the M1 is just four minutes away, and tenants can reach Wakefield City centre in 10 minutes, Leeds in 20 minutes and Sheffield in 35 minutes. Pinderfields Hospital, the largest in the Mid Yorkshire NHS Trust, is only 15 minutes away, making these apartments perfect for professional tenants.

The developer has extensive experience developing projects within the local area, and each apartment will be finished to a fantastic specification, with carpet and laminate flooring included throughout, Howdens high gloss kitchens and Howarth bathrooms with ceramic tiles and vanity units.

Each apartment includes a dedicated parking space and a 10-year Checkmate warranty is provided.

Location

 

About the Area

With the financial, commercial and retail powerhouse of Leeds just a few minutes up the motorway, people could be forgiven for thinking Wakefield would be struggling. Yet the ‘Merrie Citie’ is enjoying its own economic boom with hundreds of millions of pounds-worth of investment pouring in.

In the space of a few short years the city centre has been transformed. The £200m Trinity Walk shopping centre with flagship national stores opened in 2011 and is now due to be joined by an adjoining cinema complex, which is expected to attract some 400,000 customers a year, half of them newcomers to the city. Nearby the main Westgate station has been completely replaced and the second station at Kirkgate is getting a revamp.

The city was put firmly on the national cultural map in 2011 with the opening of the £35m internationally-recognised Hepworth Gallery showcasing the work of locally born sculptor Dame Barbara Hepworth. It forms just part of an on-going revival of the waterfront of the River Calder and its canals.

Just minutes from Hendal Rise is City Fields, a planned 152 hectares (375 acres) urban extension just east of Wakefield city centre. There are a number of landowners involved including Grantley Developments, Keyland, Miller Homes, Stretton, Network Rail and Wakefield Council.

This exciting new neighbourhood will provide approximately 2,500 new homes as well as increased leisure, retail and commercial opportunities, parkland, health facilities and a primary school, creating 3,700 construction jobs and 1,600 long term jobs.

*Images used for illustration purposes and are taken from the developers other recently completed scheme. Handal Rise will be finished to the same specification.*



Worked Example

Typical 2-bed apartment
Assetz Price £81,000
Assetz Fee £3,000 + VAT
Deposit £20,250
Rental Income £575 pcm
Mortgage rate & LTV 1.98% @ 75% LTV*
Mortgage Costs £100 pcm*
Service Charge & Ground Rent £950 pa
Gross Yield 8.52%
Net Yield 7.35%
Return on Investment 19%
* *Finance subject to status and lender


Key Features

18% discount from agent valuations
Fantastic commuter links to Wakefield, Leeds & Sheffield
London 2 hours by train, with 32 services every weekday
Reputable developer with extensive experience in local area
Finished to a fantastic specification
High net yields
Low buy in, just £7,000 which is fully protected
10-year Checkmate warranty
Strong employment area
Howdens kitchens
Howarths bathrooms
Parking included


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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.