Cleckheaton, BD19 4PE | Investment Property for Sale | VES-BD19-001

Opportunity to purchase a detached HMO generating £31,404 in rent per annum & a gross yield of 8.1%

£390,000

HMO Detached House

VES-BD19-001

INITIAL INVESTMENT

£181,440

GROSS RENT / YIELD

£31,404 / 8.1%

NET RENT / YIELD

£24,913 / 6.4%

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

3 bathrooms

2 reception rooms

2,132

Fully Furnished

The details on this listing are still to be approved by the vendor

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£31,404

Equivalent of £2,617 per calendar month (PCM).

GROSS RENTAL YIELD

8.1%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£24,913

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

6.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£6,491

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Cleckheaton, West Yorkshire

Cleckheaton is a town in the borough of Kirklees in the county of West Yorkshire. It is situated around 6 miles south of the city of Bradford and 8 miles south west of Leeds. Cleckheaton acts as a great commuter town to the city of Leeds, where one can find all desired amenities.

From Cleckheaton one can get regular bus services operated by Arriva to the nearby city of Leeds. The city of Leeds is serviced by Leeds railway station, which is the third busiest railway station outside of London with over 900 trains and 50,000 passengers passing through every day. This station is managed by Network Rail and operates services by London North Eastern Railway, CrossCountry, TransPennine Express, Northern and East Midland Trains. This station is used as the terminus station for the East Coast Main Line and the Metrotrain network in West Yorkshire. The following lines are from this station; Leeds Branch of the East Coast Main Line to London King’s Cross, Midland Main Line to London St Pancras, Airedale Line to Keighley/Skipton/Carlisle, Hallam Line to Castleford/Wakefield/Barnsley/Sheffield and more. CrossCountry offers routes between Scotland, the Midlands and the south west of England.

The city of Leeds has an extensive retail area which is identified as the principal regional shopping centre for the whole of the Yorkshire and the Humber, generating on average £1.93bn annually. There are several indoor shopping centres in the city centre such as the Merrion Centre, St John’s Centre, The Core and The Victoria Quarter to name a few. Between these shopping centres there are well over 1,000 retail stores spread across a combined floorspace of 3,660,000 square feet. The heart of this retail centre is around the largely pedestrianised Briggate where one can find all well-known British high street stores including Marks & Spencer, House of Fraser, Debenhams and Harvey Nichols. The Victoria Quarter is one of the more notable shopping centres due to its collection of around 70 high-end luxury retailers such as Louis Vuitton and Vivienne Westwood spread across two Victorian arcades.

Leeds has one of the most diverse economies of all of the UK’s main employment centres and has recently seen the largest growth in private-sector jobs in the whole of the UK. Leeds is hailed as the largest centre outside of London for financial and business services. Leeds has over 30 national and international banks that operate from the city including Barclays, Santander and RBS, as well as the headquarters of Yorkshire Bank and First Direct. Other major companies that are based in the city include William Hill, ASDA, Direct Line and many more. Leeds is also the UK’s third-largest manufacturing centre and 50% of the UK’s manufacturing firms are within a two-hour drive of Leeds.

This location could be ideal for young families looking for local schooling options. For those looking for primary school education there is Heaton Avenue Primary, which offers co-educational teaching to the age of 11. For those looking for secondary school teaching there is Whitcliffe Mount School which educated to the age of 16.

Fern View,

Gomersal,

Cleckheaton,

West Yorkshire,

England,

BD19 4PE

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