HMO Detached House
GROSS RENT / YIELD
£35,964 / 11.4%
NET RENT / YIELD
£27,623 / 8.8%
2 reception rooms
**Sales Trends ** Prices in BD19 have increased 15% over the last 5 years (-1% over the last 12 months) and are £146k which varies by property type (£92k-£261k). There have been 29 properties sold in the area in the last 12 months.
By comparison, BD prices are £132k (+1% over the last 12 months) range between £48k - £268k with 684 properties sold in the wider area on the last 12 months.
**Rental Trends ** Rents in BD19 are now at £460 per month (+2% over the last 12 month). Given prices in the area, this property is currently achieving a gross yield of 11.1% which is higher than both the national average (4.7%), BD19 (5.3%) and the wider local BD area (5.2%) making it 53% higher
Last updated - Feb 2019
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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.
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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