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6 bed terraced house
St James Road, Halifax HX1
£340,000
St James Road, Halifax HX1
£340,000
Our Summary
- Set over three floors, the property comprises a spacious entrance hallway, shared kitchen/dining area, and six ensuite double bedrooms, offering an immediate high-return investment opportunity
- Combined with positive population growth, rising employment, and an affordable property market compared to nearby cities, these factors support strong yields and potential capital growth
Description
This 6-bedroom HMO property in Halifax has been recently refurbished to a high standard and is generating £43,800 per annum, equivalent to an 8% net yield with full management in place or a 9.5% net yield for self-managed investors. The property is set over three floors and features a spacious entrance hallway, shared kitchen/dining area, and six ensuite double bedrooms. Located on the edge of Halifax town centre, the property offers excellent connectivity to major employment hubs and is close to local bus services and Halifax train station. The area is undergoing regeneration projects, including a £200 million investment by Calderdale Council, and has positive population growth, rising employment, and an affordable property market, supporting strong yields and potential capital growth. With a gross yield of 12.88% and a net yield of 8.28%, this property presents an immediate income stream and strong prospects for future appreciation.