Wakefield town centre regeneration: impact on property prices
Wakefield has a bold regeneration plan. At the centre of the proposals are its historic buildings. A variety of homes will be created, ranging from new and converted apartments to new mews and townhouses. Additionally, there are plans to bring Wakefield’s former Crown Court back into public use as a community space with multiple uses, enabling people to meet, live, eat and work together. Based on Rightmove estimates, average property prices in Wakefield stand at £199,985 (June 2020). The majority of sales in Wakefield during the last year were semi-detached properties, selling for an average price of £173,941. Detached properties sold for an average of £298,472, with terraced properties going for £142,822.
New shops drive old businesses out of town
There are several recently refurbished shopping centres and retail parks within Wakefield: Trinity Walk, the Ridings, the Beck Retail Park, and the Cathedral Retail Park. Although this brings new business to the area which gives consumers more choice, any regeneration will undoubtedly cause some businesses to suffer and cease to trade profitably. The more desirable retail areas usually have a higher footfall, better facilities and of course, the newness/excitement factor, therefore higher rents can be commanded by commercial landlords and property investors.
Selling difficult commercial properties in Wakefield
As a business owner in Wakefield, you may be feeling the pinch and finding it tough to survive financially with this new competition. Perhaps you have a run-down shop or dilapidated office building and your health is struggling. Property Saviour are used to buying up retail spaces, warehouses, offices, takeaways, restaurants – you name it – in any condition. We will buy your commercial property for cash, usually within weeks, even if there’s a problem with the lease, squatters, damp or complete rot and decay.
The arrival of many new homes makes the rental market more competitive
The historic Rutland Mills complex near the Waterfront is to be converted into a modern multi-cultural space, complete with offices, music studios and a boutique hotel all designed to be a northern equivalent of London’s famous Tileyard Studios – a gamechanger to the Wakefield economy. As new people come to the area to live, work and run their business, many landlords in the lesser developed properties further out of town will find themselves struggling to find quality tenants, and may be forced to accept lower rents to avoid being priced out of the market. Property landlords will have to ensure their offering is of a higher standard, and for some, this can signal too much extra cost – either by way of general renovation and decorating work, meeting new building regulations and planning laws, or adding more luxurious facilities to keep the city couples and high flyers happy.
Looking for a reputable cash buyer in Wakefield?
With an extra 2,500 new homes hitting the Wakefield property market, the pressure on owners of older houses and flats will continue to grow. If you’re selling your home due to neighbour disputes, crime, arson or divorce, you may want a discreet private sale without the hassle of dealing with estate agents and dithering buyers. When you team up with Property Saviour to sell your house for cash, not only are we your local cash buyer; we’ll help you throughout the process to keep your mental wellbeing in check and your bank balance full. Whether you’re selling inherited property to settle probate, downsizing to help pay deposits for your children, selling a house with structural issues or you own a property that requires an extensive renovation, we’re here to help.
Covid-19 pandemic has devastated many families and businesses
At Property Saviour, we know the last 18 months have been tough for you all. We get it, and above all, we care. You may want to sell your Wakefield house quickly to free up some much-needed funds. Unlike an estate agent, here at Property Saviour, we offer you certainty and speed. We’ll make a fair offer on your property that translates into money in your bank, with no fees. You won’t have to worry about a chain collapsing if the buyer of your property suffers delays with their mortgage or their mortgage application is declined.
Regulated by the Property Ombudsman for your peace of mind
Our offer is all cash, and you set the completion date as a seller. We’re known for completing sales within two weeks and release cash upfront if you have bills to pay. So why wait? Give us a call or contact us here. We’re members of the Property Ombudsman Scheme so you know you can trust us to do what we say when we say. Our 5-star Google reviews and case studies show how relieved and free our customers felt after dealing with us to sell their homes.