S71Wakefield

Wakefield Town Centre & Suburbs

Wakefield Town Centre & Suburbs investment guide. Average gross yield 4.9%, unknown rental demand.

4.9%avg gross yield

£161kavg sold price (523 sales, 12mo)

Unknownrental demand

Article 4: No· Permitted development applies

Last updated May 2026

Average Gross Yield

4.9%

+1.6% vs Wakefield avg (3.3%)

Average Asking Price

£161,165

high confidence (523 sales)

Est. Monthly Rent

£772

2-bed · 3-bed £919 · 6.5% yield

Price Per Sq Ft

£213

City avg £237/sqft · 24 below average

Estimated Rent by Bedroom Count

Average asking rent and gross yield per bedroom count in S71

1-bed

£664

per month

5.6% yield

2-bed

£772

per month

6.5% yield

3-bed

£919

per month

6.5% yield

4-bed

£1,400

per month

6.5% yield

Ownership mix

S71 vs UK average · 30,893 dwellings · Source: ONS Census 2021

High social-rent share: 22% socially rented (5pp higher than the UK average of 17%).

Owned outrightNo mortgage on the property

32.1%(UK 32.9%)

-0.8pp vs UK

Owned with mortgageIncluding shared ownership

28.3%(UK 29.7%)

-1.4pp vs UK

Privately rented (BTL)Private landlord or letting agent

17.3%(UK 20.3%)

-3.0pp vs UK

Socially rentedCouncil or housing association

22.3%(UK 17.1%)

+5.2pp vs UK

Black tick = UK average. ONS Census 2021, TS054 (Tenure of household).

Yield by Property Type

Gross yield breakdown across property types in S71

PropertyData.co.uk

Type	Gross Yield	Avg Price	Avg Rent/mo
Terraced →	7.7%	£125,064	£798
Semi-detached →	5.7%	£172,037	£819
Detached →	3.5%	£275,000	£807
Flat →	11.0%	£85,377	£786

Explore by strategy

Live data for each property type across Wakefield.

HMO Terraced Semi-detached Detached Flats Student lets New build Strategy primers →

About Wakefield Town Centre & Suburbs (S71, Wakefield)

S71 attracts buy-to-let investors seeking affordable entry points with solid rental yields, particularly for multi-bedroom properties offering 6.5% gross returns. The average asking price of £161,165 provides accessible capital requirements compared to many UK markets, making it suitable for portfolio building or first-time property investors.

The tenant demographic appears diverse across property sizes, with single-occupancy demand evident in 1-bedroom units (5.6% yield) and stronger demand from families or sharers in 2-4 bedroom properties. The consistency of yield across larger units suggests stable, established rental demand across the postcode area.

Investors should note that rental demand data is currently unavailable, requiring thorough local market research before purchase. The yield figures, while attractive, should be validated against actual void rates and management costs to ensure net returns align with expectations.

Sold Price Trend - S71

Average sold price, last 8 quarters

-23.0% over 2 years

Flip Activity - S71

Same property bought and sold within 18 months, last 24 months

→ vs prior 24 months

Flips

last 24 months

Median uplift*

+58.9%

after HPI adjust

Median hold

13 mo

Flip rate

0.5%

of all sales

Recent case studies

lang crescent

Semi

Bought Jun 24

£83k

Sold Sept 25

£141k

15 mo+62.6%*

Gross 70.9%

belgrave road

Terraced

Bought May 24

£94k

Sold Jul 25

£136k

14 mo+36.3%*

Gross 44.7%

alexandra terrace

Terraced

Bought Dec 23

£83k

Sold Mar 25

£133k

15 mo+52.9%*

Gross 59.6%

petworth croft

Semi

Bought Oct 23

£150k

Sold Oct 24

£235k

13 mo+55.2%*

Gross 56.7%

richard road

Terraced

Bought Oct 23

£57k

Sold Oct 24

£135k

12 mo+134.6%*

Gross 136.8%

rectory way

Semi

Bought Sept 23

£100k

Sold May 24

£160k

8 mo+65.4%*

Gross 60.0%

* Real uplift after ONS regional House Price Index adjustment. Freehold and leasehold included; leasehold flips flagged as lease-extension status is not verifiable from public data. Source: HM Land Registry Price Paid Data.

Planning & Licensing - S71

Restrictions that affect HMO and buy-to-let investors in this postcode district

✓

Article 4 Direction (HMO)Not in effect

HMOs of up to 6 occupants (C4 use class) can be created without planning permission in this area.

✓

Selective LicensingNot in effect

✓

Additional HMO LicensingNot in effect

Article 4 directions cover parts of Wakefield. The exact street-level coverage varies — confirm with the council before exchanging.

Planning information is for guidance only. Always verify with the local planning authority before purchasing. Data correct as of April 2026.

Nearby Postcodes