£100,000
Apartment
VES-WF14-001
INITIAL INVESTMENT
£45,500
GROSS RENT / YIELD
£6,000 / 6.0%
NET RENT / YIELD
£4,130 / 4.1%
TENANCY
Tenanted
TENURE
Leasehold
GROUND RENT
£138
SERVICE CHARGE
£87
1 bedroom
1 bathroom
1 reception room
TBC
Unfurnished
Lenght of lease: 125 years starting January 2003
Tenancy
RENT
£6,000 p.a. / £500 pcm
TENANCY DEPOSIT
£650
TENANCY TYPE
AST
TENANCY AGREEMENT STARTED
2 months ago
TENANCY AGREEMENT ENDS
6/9/2019
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.
Rental Income
GROSS RENT PER ANNUM
£6,000
GROSS RENTAL YIELD
6.0%
NET RENT PER ANNUM
£4,130
NET RENTAL YIELD
4.1%
FULLY MANAGED OPERATING COSTS
£1,870
Click to understand assumptions.
Profit & Growth
HPI GROWTH (PREV 5 YRS)
19.3%
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.
Mirfield is a small town in the borough of Kirklees, in the county of West Yorkshire. This town is situated around 3 miles west of Dewsbury, 11.1 miles south west of Leeds and 29.7 miles north east of Manchester.
This town is serviced by Mirfield railway station which lies on the Huddersfield Line and is managed by Northern and also operates services by Grand Central and TransPennine Express. Northern operates an hourly service eastbound to Leeds and to Wakefield Kirkgate and hourly westbound to Huddersfield, with connecting services from Huddersfield to Bradford Interchange, Liverpool Lime Street and Manchester Airport. Northern also operates an hourly service to Manchester Victoria and Southport via Brighouse along the Calder Valley Line. TransPennine Express offers an hourly service in each direction with eastbound services calling at most stations to Leeds and westbound services calling at Deighton and Huddersfield. Grand Central also operates a number of direct services from Bradford Interchange to London’s King Cross via Wakefield Kirkgate, Pontefract and Doncaster.
There is a variety of local independent shops in town as well as national chains such as Tesco, Co-op Food and Lidl. The majority of retail and dining options can be found in the nearby city of Leeds, which is the principal regional shopping centre for the whole of the Yorkshire and the Humber.
There are many national businesses based in town that employ those in the local area, these include Furniture choice and John Cotton Group Ltd. Mirfield’s close proximity to Leeds makes it a perfect location as a commuter town. Leeds has the most diverse economy in all of the UK’s main employment centres and has the fastest growth rate in private sector jobs. It is the largest centre for financial and business services and is home to over 30 national and international banks including the headquarters of First Direct and Yorkshire Bank. Other major companies based in the city include Asda, Direct Line, Aviva, BT Group and many more. Leeds is also the UK’s third largest manufacturing centre and around 50% of the UK’s manufacturing base is within a two-hour drive from Leeds.
This town could be ideal for young families looking for local school options. Primary schools in this area include Battyeford CE Primary School, Hopton Primary and Old Bank Primary School. There are two secondary schools in town Castle Hall School and Mirfield Free Grammar, the latter of which includes a sixth form.
Lee Green,
Mirfield,
West Yorkshire,
England,
WF14 0BL
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