Multiple Locations, Yorkshire | Investment Property for Sale | VES-POR-011

Rare opportunity to acquire a granular and highly stabilised income-generating residential property portfolio

£7,342,000

75 Unit Portfolio

VES-POR-011

INITIAL INVESTMENT

£3,343,612

GROSS RENT / YIELD

£465,684 / 6.3%

NET RENT / YIELD

£339,346 / 4.6%

Sold STC

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The portfolio

TENURE

Leasehold

NO OF UNITS

75

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

TBC

PRICE SQ FT

£0

Portfolio Summary

  • 69 freehold houses
  • 2 freehold bungalows
  • 4 leasehold flats/maisonettes

Locations

  • Halifax, West Yorkshire (65 properties)
  • County Durham (9 properties)
  • Padiham, Lancashire (1 property)

Available on request

  • Portfolio Breakdown
  • EPC's for all units
  • Unit Documentation
  • Unit Leasehold Details

West Yorkshire, County Durham and Lancaster have seen house price index growth of 22%, 6% and 12% respectively over the past 5 years.

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

£465,684

Equivalent of £38,807 per calendar month (PCM).

GROSS RENTAL YIELD

6.3%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£339,346

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.6%

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

FULLY MANAGED OPERATING COSTS

£126,338

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 West Yorkshire & Durham

West Yorkshire

West Yorkshire is a metropolitan county in the north of England. It is made up of five metropolitan boroughs which are the City of Bradford, Calderdale, Kirklees, City of Leeds, and City of Wakefield. This county is bordered by Derbyshire to the south, Greater Manchester to the south-west, Lancashire to the north-west, north Yorkshire to the north and east and south Yorkshire to the south and south-east.

West Yorkshire is home to Leeds Bradford Airport, situated 6.9 miles northwest of Leeds city centre and 9.2 miles from Bradford City Centre. It is the largest airport in Yorkshire and serves the cities of Leeds and Bradford as well as the surrounding areas.

This region is historically associated with several traditional industries. Leeds, Bradford and Halifax mostly associated with the development of woollen mills and other coal mining areas. In more contemporary times Leeds has attracted investment from several financial institutions in an attempt to transform the city in to the financial centre it is recognised as today.

Many banks, building societies and insurance companies have offices across the city centre of Leeds. Wakefield has established itself as a centre for service-based industries, in particular call centres can be found in this city employing huge numbers of locals. In addition, two of the major four supermarkets are from West Yorkshire, these being Morrisons that is based in Bradford and Asda which is based in Leeds.

County Durham

Durham is a county in the north east of England, bordering Tyne & Wear to the north-east, Northumberland to the north, Cumbria to the west and North Yorkshire to the south. The county town is the cathedral city of Durham and the largest settlement Darlington.

County Durham’s economic history centred around the growth of the mining industry and agriculture. In recent years the main sources of industry are associated with Agriculture, hunting, forestry, Industry including energy and construction and finally service activities. This county is also home to the third oldest university in the country; Durham university.

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