Halifax, HX3 5EJ | Investment Property for Sale | VES-HX3-001

Opportunity to purchase an apartment in Halifax with a potential of £5,400 rent pa and a gross yield of 8.3%

£65,000

Apartment

VES-HX3-001

INITIAL INVESTMENT

£31,350

GROSS RENT / YIELD

£5,400 / 8.3%

NET RENT / YIELD

£3,298 / 5.1%

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The property

TENANCY

Vacant

TENURE

Leasehold

GROUND RENT

£150

SERVICE CHARGE

£700

2 bedrooms

1 bathroom

1 reception room

445

Unfurnished

Property information

  • This property is currently being converted from a church into 6 individual flats and works are ongoing
  • The landlord is looking to fill the property with tenants upon completion of the works
  • There are 3 parking spaces for this building of 6 units; first come first served basis
  • Once let the expected monthly rental value is £450

Leasehold information

  • Length of lease: 125 years
  • Year lease started: TBC

Location information

  • The property is situates in a popular residential area with a primary school and good transport links and amenities
  • There is a bus stop outside the property which goes directly into the town centre, approximately 1.1 miles away
  • Local shops are approximately 0.2 miles away
  • Larger supermarkets are approximately 1 mile away

Note

At the time of listing there are no EPCs available for this property. However, Vesta will add these as soon as they have been received.

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

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

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

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Rental Income

GROSS RENT PER ANNUM

£5,400

Equivalent of £450 per calendar month (PCM).

GROSS RENTAL YIELD

8.3%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£3,298

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.1%

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

FULLY MANAGED OPERATING COSTS

£2,102

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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.

Wheatley Road,

Halifax,

West Yorkshire,

England,

HX3 5EJ

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Important Note

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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