The Property Market in Wakefield
Wakefield is a vibrant city located in West Yorkshire, England, known for its rich history, culture, and strong transport links. For those looking to invest in property in Wakefield, there are plenty of options available, including apartments, and luxury properties in Wakefield. Some popular areas for property investment in Wakefield include Alverthorpe, Horbury, and Sandal, known for their good schools, amenities, and transport links.
The city has a diverse population, with a mix of families, young professionals, and students due to the presence of universities in the region. It offers a variety of property types to suit everyone's needs, such as well-terraced houses, semi-detached houses, and detached houses.
Moreover, Wakefield has seen significant regeneration and development in recent years, with plans for continued growth in areas such as the city center, waterfront, and surrounding areas. These developments can potentially boost property values and rental demand in certain areas, making the city a great place to invest in properties for sale. It's important to keep an eye on the city's development plans to stay ahead of the curve.
With its diverse population, strong transport links, and exciting development plans, investing in property in Wakefield could be a smart choice for those looking for a great return on investment.
Developments Map View
Properties in Wakefield had an overall average price of £228,659 over the last year.
The majority of property sales in Wakefield during the last year were semi-detached properties, selling for an average price of £212,493. Terraced properties sold for an average of £160,793, with detached properties fetching £403,903.
Overall, sold property prices in Wakefield over the last year were 2% up on the previous year and 10% up on the 2020 peak of £208,510.
Average rents in Wakefield are £837pcm. The average apartment rents are £700 according to home.co.uk.