According to the public record, 4, Lake View Flats, Wakefield is a mid-century leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lake View Flats, Newmillerdam, Wakefield, WF2 is located in the borough of Wakefield within the WF2 postal district.
4, Lake View Flats, Wakefield has a single entry in the Land Registry database from May 2014 and a single entry in the EPC database dated March 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Lake View Flats Wakefield as £192,696 and the rental value as £914 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 4 Lake View Flats Wakefield has increased by £8,815 (4.6%) and its rental value has increased by £35 per month (3.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 4, Lake View Flats, Wakefield is in very good condition we estimate a sale value of £202,331 and rental value of £959 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £179,207 and a rental value of £850 per month.
If you were able to purchase this property for the estimated value of £192,696, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £947 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 4, Lake View Flats, Wakefield was last sold on 08 May 2014 for £145,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2014, the market for similar properties has risen 35.8%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 4, Lake View Flats, Wakefield within a radius of 990 metres over the last 2 years.
The most recent example is 4, Lake Court, Wakefield, WF2 7SX, a Leasehold flat which sold for £145,000 in Aug 2017.
Read more about house prices in WF2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lake View Flats, Newmillerdam, Wakefield, WF2 has a total of 4 addresses. According to our analysis of all the public data, 4, Lake View Flats, Wakefield is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £41k less expensive than the average property in WF2.
4, Lake View Flats, Wakefield has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Mar 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 4, Lake View Flats, Wakefield is Sandal & Agbrigg station which is 3.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Lake View Flats, Wakefield, 38.5% of property is privately owned outright and 37.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 4, Lake View Flats, Wakefield, 14.9% of residents are recorded as possessing school level qualifications and 39.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 4, Lake View Flats, Wakefield, the average age was 39.8 and the most common age was 52.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 4, Lake View Flats, Wakefield, 2.2% of property was a second home.
Comparison figures for Yorkshire and The Humber and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 4, Lake View Flats, Wakefield, there are an average of 1.6 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.