H1 is a new Halifax buy to let investment opportunity.
H1 is in the popular West Parade area and the town centre is just a short walk away. The development is a contemporary collection of one-bedroom apartments starting at £66,995. Features include anti-slip vinyl flooring and built in appliances. What makes this development particularly attractive is how affordable the apartments are. Priced under £70,000, there is a flexible payment plan in place which means that £1,814.45 can be paid monthly for 24 months and then there are three years to pay the balance after completion. An estimated gross rental yield of 8% per annum is predicted.
Halifax was recently named by LendInvest as one of the best places to invest in property for buy to let. This is in part due to the number of businesses operating in the area, including McVities and Nestle, and its proximity to the distribution centres. This combined with affordable housing is why many people decide to lay down roots in the town, as the average house price in Halifax is £149,925. This is cheaper than nearby Northowram, Hipperholme and Shelf, making it an attractive alternative to workers who are priced out of the surrounding areas.
Halifax also has superb connections. It is situated just 30 minutes away from the Peak District and trains run to Leeds every 15 minutes and Manchester every 30 minutes. It is also just a 15-minute train ride away from Bradford and Hebden Bridge. This makes it a convenient choice for those who commute to work but want affordable accommodation.
Contact us today to find out more about why Halifax is such an appealing place to invest in, and why H1 is an ideal development in the town.
Monthly Repayment (24 months)
Rental Yield Per Year