Halifax, HX1 1YS | Investment Property for Sale | VES-HX1-007

Opportunity to purchase a HMO property in Halifax generating £44,460 rent pa & gross yield of 10.1%

£440,000

HMO Terraced House

VES-HX1-007

INITIAL INVESTMENT

£137,700

Based on

deposit: £110,000

stamp duty: £25,200

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£44,460

GROSS YIELD

10.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

6 bathrooms

0

2,056

Fully Furnished

Property information

  • Set over 3 floors
  • Fully HMO licenced
  • The property has been extensively renovated and refurbished and works were completed in December 2022
  • 6 x bedrooms
  • All bedrooms come with ensuite shower room
  • Shared large kitchen/dining area
  • EPC rating D
  • Council tax band tbc

Rental information

  • Room 1 - £135 pwk
  • Room 2 - £140 pwk
  • Room 3 - £145 pwk
  • Room 4 - £145 pwk
  • Room 5 - £145 pwk
  • Room 6 - £145 pwk
  • Weekly rental income: £855
  • Monthly rental income: £3,705
  • Annual rental income: £44,460

Running costs

The vendor provided us with the following running costs of the property:

  • Council tax: £210.83 pcm
  • Electricity: £164.17 pcm
  • Water: £75 pcm
  • Broadband: £26 pcm
  • Cleaning: £62.50 pcm
  • Total cost pcm: £538.50
  • Total cost pa: £6,461.96

Location information

  • The property is located just on the edge of Halifax town centre
  • All local amenities are just a short walk from the property
  • Halifax railway station is around 0.6 miles from the property
  • There are a number of bus stops within a short walk with regular services to Halifax and it's surrounding area
  • Easy access to the A58

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Halifax, West Yorkshire

Halifax is a minster town in West Yorkshire, England. It lies around 9 miles north of Huddersfield and 9 miles southwest of Bradford.

It is probably best known for Mackintosh’s chocolate products including Quality Street and Rolo, as well as Halifax Bank (now part of Lloyds Banking Group), which was founded here and still has its headquarter in the town.

Halifax is connected via the A58 that goes around the town west-bound to Leeds and all the way to Wetherby and east-bound to Prescot. Halifax railway station is on the Caldervale Line running services to Manchester Victoria, York, Selby via Bradford and Leeds, Blackpool North and London Kings Cross via Wakefield Kirkgate.

The town has much to offer for visitors, with its many Victorian buildings. Some of its attractions include the Grade I-listed Piece Hall, which is still used for a public market today, Halifax Minster which was completed in 1438, Calderdale Industrial Museum, the Town Hall, and Wainhouse Tower, the tallest folly in the world at 275ft.

Dean Clough is a converted mill factory, which was once one of the largest carpet manufacturing factories in the world and is now housing around 150 businesses and arts venues. These include retail shops as well as bars and restaurants.

There are also a number of outdoor activities on offer including Another World Adventure Centre, North Dean Woods, People’s Park and The Jungle Experience at Manor Heath Park.

Saint James Road,

Halifax,

West Yorkshire,

England,

HX1 1YS

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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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