Area Guide For Wakefield

Wakefield is a city and the fundamental settlement and authoritative focal point of the City of Wakefield, a metropolitan region of West Yorkshire, Britain. Placed by the Stream Calder, on the eastern edge of the Pennines, the urban zone is 2,062 hectares (5,100 sections of land) and had a populace of 76,886 in 2001. Wakefield was named the "Merrie City" in the Center Ages and in 1538 John Leland depicted it as, "a snappy market town and meately substantial; decently served of fish and tissue both from ocean and by waterways ... so that all vitaile is great and chepe there. A privilege legitimate man should charge well for 2d. a feast. ... There be plenti of se coal in the quarters about Wakefield". The site of a fight amid the Wars of the Roses and a Royalist fortification amid the Common War, Wakefield grew notwithstanding setbacks to turn into a critical market town and habitat for downy, misusing its position on the safe Stream Calder to turn into an inland port.


Wakefield Map

Estimated Price: £169,244
Average Asking Price: £208,092
Price change in last one year: £11,806
Average Price Paid: £155,060
Average Rent Rates: £912


Property Prices Breakdown in Wakefield

Average Price for property in Wakefield is around £169,244 which varies based on type of property you are interested in and ranges from £256,474 for detached house to around £146,148 for semi-detached. Similarly terraced house is around £115,265 and a flat is worth £114,041. Values have been changing and have risen £205 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,102 in last 6 months, £11,806 in last 1 year, £13,379 in last 2 years, £20,159 in last 3 years, £12,471 in last 4 years and £11,863 in last 5 years.

Currently average asking price of a property in Wakefield is around £208,092 based on approximately 1,808 properties for sale. Same is the case with rental options based on 432 properties up for rent, average asking rent is around £912 per month.

Estimated property value in Wakefield is £169,244. Average asking price is £208,092 while average price paid is £160,838 which is up by £11,806 and Avg. asking rent £912.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Wakefield area. In last 1 year alone average price buyer paid is around £160,838 based on approximately 1,808 sales in Wakefield area alone. If you compare it to last 3 years sales of 5,072 properties where buyers paid around £154,831. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £155,060 for 7,874 and average amount paid for purchase of approx. 10,670 properties sold in last 7 years comes to about £154,864 per sale.


Properties For Sale in Wakefield


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £92,930, £119,387 for a 2 bedroom house, £174,359 for a 3 bedroom house, £296,361 for a 4 bedroom house and £478,045 for a 5 bedroom house. For a flat similarly the prices varies from £77,336 for a single bedroom to £102,013 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £139,986. To sum up the asking prices for properties in Wakefield it comes to around average £82,260 for 1 bedroom property, £115,537 for 2 bedroom, £174,148 for 3 bedroom, £296,361 for 4 bedroom and £478,045 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £411 for 1 bedroom to £515 for 2 bedrooms, £616 for 3 bedrooms, £871 for 4 bedrooms and £927 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £436. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £540 and £598 for 3 bedroom. You should be generally be expecting around average £434 rent per month for single bedroom property, £529 for 2 bedroom, £616 for 3 bedroom, £871 for 4 bedroom and approximately £927 for a 5 bedroom property in Wakefield area.

Popular Houses in Wakefield

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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