Discover Wakefield Real Estate | Where and Why to Invest in Wakefield?

Located in the West Yorkshire region, Wakefield is a city and a metropolitan borough. With a GDP of £6.5B, it is the 4th biggest economy in the Leeds region. Due to many businesses operating in Wakefield, the employment rate is steadily increasing.

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The growing number of start-ups and enterprises, contributes to the city’s development. Real estate is one of the pillars of the economy, with buy-to-let investors getting considerable returns. Property prices are lower than the UK average, standing at £151,743 compared to £294,000 national average.
Being 20% more affordable than the neighboring Leeds, prices per square meter range from £7000 to £7925. The real estate range is diverse, from £102,000 flats to £260,000 detached houses.
Due to its growing visitor economy, short-term and traditional rentals are in high demand. With a 4% rise in rates in 2019, rentals cost anywhere from £440 to £700/month.

Outwood – One of the top-ranking Wakefield neighborhoods. Household prices are on the affordable side, with the median price standing at £170,886.
Eastern Suburbs – A rapidly expanding area offering good property value. Prices range from £90,000 to £190,000, with 4.3% rental yields.
Southern Suburbs – The area of buy-to-let opportunities for investors. With prices ranging from £120,000 to £300,000, this area caters to all budgets.

As a rising real estate destination, with comparatively accessible property, Wakefield is a BUY