9 Bed HMO, Huddersfield, HD1 4HR £700,000

Gledholt Road, Huddersfield, HD1 4HR - 15 views - 9 months ago
HMO
Refurb/BRRR
ROI: 3%
~279 m²
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+8 photos

ValuationOvervalued

Sold Prices£95K - £550K
Sold Prices/m²£996/m² - £5.8K/m²

 

 

Square Metres

~279 m²
Price/m²£2.5K/m²

Value Estimate

£610,694

 

 

End Value (After Refurb)

£553,388

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£175,000

Stamp Duty & Legal Fees

£44,700

Refurb Costs

£111,418

Bridging Loan Interest

£18,375

Total Cash In

£351,243

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£553,388

Mortgage (After Refinance)

£415,041

Mortgage LTV

75%

Cash Left In

£351,243

Equity

£138,347

Room Rate

£500

Gross Rent

£4,500

Running Costs/mo

£3,677

Cashflow/mo

£823

Cashflow/yr

£9,873

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £95K to £550K, average is £295K. £996/m² to £5.8K/m², average is £2.3K/m².

Price
Date
Distance
Address
Beds
 
£305K12/230.05 mi64, Gledholt Road, Gledholt, Huddersfield HD1 4HD4
£305K12/230.08 mi64, Gledholt Road, Huddersfield, West Yorkshire HD1 4HD4
£375K09/240.13 mi18, Heaton Road, Gledholt, Huddersfield HD1 4HX4
£375K09/240.13 mi18, Heaton Road, Gledholt, Huddersfield HD1 4HX4
£210K03/250.16 mi6, Dudley Road, Marsh, Huddersfield HD1 4LZ4
£210K03/250.16 mi6, Dudley Road, Marsh, Huddersfield HD1 4LZ4
£410K10/220.19 mi93, Greenhead Road, Huddersfield, West Yorkshire HD1 4EZ4
£200K06/210.19 mi2, Dudley Road, Huddersfield, West Yorkshire HD1 4LZ4
£378K10/230.2 mi34, Grasscroft Road, Huddersfield, West Yorkshire HD1 4LP4
£185K05/250.2 mi69, Lawrence Road, Marsh, Huddersfield HD1 4LW4
£185K05/250.2 mi69, Lawrence Road, Marsh, Huddersfield HD1 4LW4
£410K10/220.21 mi93, Greenhead Road, Huddersfield HD1 4EZ4
£410K10/220.21 mi93, Greenhead Road, Huddersfield HD1 4EZ4
£285K02/250.23 mi32, Heaton Road, Paddock, Huddersfield HD1 4HZ4
£285K02/250.23 mi32, Heaton Road, Paddock, Huddersfield HD1 4HZ4
£295K08/230.24 mi55, Springwood Hall Gardens, Springwood, Huddersfield HD1 4HA4
£295K08/230.24 mi55, Springwood Hall Gardens, Springwood, Huddersfield HD1 4HA4
£280K06/210.26 mi27, Heaton Gardens, Huddersfield, West Yorkshire HD1 4JA4
£354.5K10/230.27 mi24, Edgerton Grove Road, Edgerton, Huddersfield HD1 5QX4
£278.5K06/210.31 mi13, Mountjoy Road, Huddersfield, West Yorkshire HD1 5QB4
£235.3K06/210.33 mi1, Glebe Street, Huddersfield, West Yorkshire HD1 4NP4
£463K12/230.34 mi3, Edgerton Green, Edgerton, Huddersfield HD1 5RD4
£463K12/230.34 mi3, Edgerton Green, Edgerton, Huddersfield HD1 5RD4
£463K12/230.34 mi3, Edgerton Green, Edgerton, Huddersfield HD1 5RD4
£535K11/230.34 mi10, Cedar Mount, Edgerton, Huddersfield HD1 5QJ4
£535K11/230.34 mi10, Cedar Mount, Edgerton, Huddersfield HD1 5QJ4
£463K12/230.35 mi3, Edgerton Green, Huddersfield, West Yorkshire HD1 5RD4
£275K09/220.35 mi15, Mountjoy Road, Huddersfield, West Yorkshire HD1 5QB4
£320K05/240.37 mi85, New North Road, Edgerton, Huddersfield HD1 5ND4
£320K05/240.37 mi85, New North Road, Edgerton, Huddersfield HD1 5ND4
£550K05/250.38 mi9, Edgerton Green, Edgerton, Huddersfield HD1 5RD4
£550K05/250.38 mi9, Edgerton Green, Edgerton, Huddersfield HD1 5RD4
£130K09/230.39 mi19, Springwood Avenue, Huddersfield, West Yorkshire HD1 4BH4
£310K03/220.39 mi1, Forrest Avenue, Huddersfield, West Yorkshire HD1 4PH4
£310K03/250.45 mi18, Forrest Avenue, Marsh, Huddersfield HD1 4PL4
£310K03/250.45 mi18, Forrest Avenue, Marsh, Huddersfield HD1 4PL4
£310K08/210.46 mi33, Cleveland Road, Huddersfield, West Yorkshire HD1 4PP4
£242K03/250.46 mi89, Heatherfield Road, Marsh, Huddersfield HD1 4QJ4
£242K03/250.46 mi89, Heatherfield Road, Marsh, Huddersfield HD1 4QJ4
£278.5K07/240.54 mi16, Belmont Street, Huddersfield HD1 5BZ4
£278.5K07/240.54 mi16, Belmont Street, Huddersfield HD1 5BZ4
£175K07/210.58 mi19, Spinkfield Road, Huddersfield, West Yorkshire HD2 2AY4
£190K07/230.59 mi41, Spinkfield Road, Birkby, Huddersfield, West Yorkshire HD2 2AY4
£290K08/210.6 mi5, Hungerford Road, Huddersfield, West Yorkshire HD3 3AL4
£320K02/230.6 mi48, Wellfield Road, Huddersfield, West Yorkshire HD3 4BJ4
£168K12/220.62 mi43, Spinkfield Road, Birkby, Huddersfield, West Yorkshire HD2 2AY4
£222K10/220.64 mi12, Britannia Crescent, Huddersfield, West Yorkshire HD2 2ST4
£245K08/210.68 mi9, Britannia Crescent, Huddersfield, West Yorkshire HD2 2ST4
£95K01/230.73 mi32, Manchester Road, Huddersfield, West Yorkshire HD1 3HJ4
£235K03/250.74 mi105, Annie Smith Way, Birkby, Huddersfield HD2 2GB4

Local Area Statistics

Population in HD1

23,703

Population in Huddersfield

200,145

Town centre distance

0.51 miles away

Nearest school

0.40 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £700,000

February 6, 2025

Floor Plans

Property image

Description

  • NO CHAIN +
  • Semi Detached +
  • 9 Bedrooms +
  • 10 Bathrooms +
  • 2 Kitchens +
  • Off Street Parking For 9 Vehicles +
  • Recently Renovated +
  • HMO with Lease In Situ Ending May 2028 +
  • Investment Opportunity With Potential To Further Develop +
  • Popular Location +

Situated charmingly within a popular locale, this remarkable 9-bedroom semi detached house presents a rare opportunity in the bustling real estate market. Boasting no chain, this majestic property offers a myriad of features and facets that are sure to captivate discerning buyers and investors alike.

Upon entering, one is immediately struck by the grandeur and elegance that defines this property. With a staggering 9 bedrooms and 10 bathrooms, this residence offers unparalleled space and comfort for its occupants. The property also features 2 kitchens, 2 reception rooms, low maintenance garden to the front, including all furniture throughout the home adding a touch of convenience and practicality to its already impressive design. Over 410sqm (4500sqft) of living space.

A standout feature of this property is the ample off-street parking available for up to 9 vehicles, ensuring that residents and guests alike will always have a secure and convenient place to park. Moreover, the recent renovation of the property ensures that all interiors are fresh, modern, and inviting, promising a high standard of living for its future inhabitants.

Currently utilised as a house in multiple occupation (HMO) with an existing lease in situ until May 2028, this property presents a lucrative investment opportunity for those looking to capitalise on its potential. With the possibility to further develop the property and maximise its earning potential, this residence is an enticing prospect for investors seeking a high return on investment.

Its advantageous location adds to the overall appeal of this property, providing residents with easy access to a range of local amenities, schools, shops, supermarkets and transport links with easy access to the M62, making every-day life a seamless and convenient experience.

In summary, this 9-bedroom detached house presents a rare and exciting opportunity for discerning buyers and investors seeking a property that combines space, versatility, and potential. With its array of features and its prime location, this residence is a true gem in the real estate landscape, ready to be explored and enjoyed by those with an eye for quality and opportunity. Current agreement terms ends May 2028
Gross income circa £54,000 pa
Can increase to £60,000 with planning AGENT NOTES
1.MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither representation or warranty whatever in relation to this property.

EPC Rating: G

Agent Details

Ezmuve Estate Agents, Batley

01924 975663

Next Steps?

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