8 Bed HMO, Huddersfield, HD2 1LT, £240,000

Whitacre Street, HUDDERSFIELD, HD2 1LT - 5 views - 2 months ago

Leasehold
Auction
HMO
ROI: 14%
~248 m²
+12 photos

ValuationUndervalued

Sold Prices£179K - £400K
Sold Prices/m²£1.6K/m² - £3.8K/m²

 

 

Square Metres

~248 m²
Price/m²£968/m²

Value Estimate

£300,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£3,000

Running Costs/mo

£2,185

Cashflow/mo

£815

Cashflow/yr

£9,780

ROI

14%

Gross Yield

15%

Local Sold Prices

28 sold prices from £179K to £400K, average is £272.5K. £1.6K/m² to £3.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£190K04/230.47 mi34, Wood View, Huddersfield, West Yorkshire HD2 1EY4
£179K07/230.47 mi59, Wood View, Huddersfield, West Yorkshire HD2 1EY4
£179K07/230.47 mi59, Wood View, Huddersfield, West Yorkshire HD2 1EY4
£378K12/210.57 mi47, Redwood Drive, Huddersfield, West Yorkshire HD2 1PW4
£359K06/230.57 mi35, Redwood Drive, Huddersfield, West Yorkshire HD2 1PW4
£260K05/210.67 mi5, Miramar, Huddersfield, West Yorkshire HD2 1NA4
£350K03/230.67 mi2, Miramar, Huddersfield, West Yorkshire HD2 1NA4
£370K09/220.68 mi102, Redwood Drive, Huddersfield, West Yorkshire HD2 1PW4
£215K08/210.74 mi44, Long Hill Road, Huddersfield, West Yorkshire HD2 1PJ4
£350K05/210.74 mi6, Brier Hill View, Bradley, Huddersfield, West Yorkshire HD2 1JQ4
£231K11/210.74 mi54, Norfolk Avenue, Huddersfield, West Yorkshire HD2 1GS4
£200K03/210.76 mi28, Honey Hall Ing, Huddersfield, West Yorkshire HD2 1GP4
£302.5K03/230.76 mi30, Honey Hall Ing, Huddersfield, West Yorkshire HD2 1GP4
£315K03/210.77 mi69, Woodhouse Hill, Huddersfield, West Yorkshire HD2 1DH4
£265K05/230.77 mi77, Woodhouse Hill, Huddersfield, West Yorkshire HD2 1DH4
£270K08/210.82 mi36, St Thomas Gardens, Bradley, Huddersfield, West Yorkshire HD2 1SL4
£275.1K09/210.82 mi28, St Thomas Gardens, Bradley, Huddersfield, West Yorkshire HD2 1SL4
£275K05/210.82 mi21, St Thomas Gardens, Bradley, Huddersfield, West Yorkshire HD2 1SL4
£302.5K01/230.84 mi50, St Thomas Gardens, Bradley, Huddersfield, West Yorkshire HD2 1SL4
£180K10/230.85 mi59, Oxley Road, Huddersfield, West Yorkshire HD2 1NT4
£240K12/200.87 mi260, Bradley Road, Bradley, Huddersfield, West Yorkshire HD2 1QD4
£400K06/210.88 mi388, Bradley Road, Bradley, Huddersfield, West Yorkshire HD2 1PU4
£345K10/220.92 mi18, Sunnyhill Avenue, Kirkheaton, Huddersfield, West Yorkshire HD5 0HF4
£267K02/230.93 mi15, Fell Grove, Huddersfield, West Yorkshire HD2 1NQ4
£250K07/230.93 mi33, Bent Lea, Huddersfield, West Yorkshire HD2 1QW4
£280K10/220.96 mi15, Steeplands, Huddersfield, West Yorkshire HD2 1QQ4
£203K12/200.97 mi36, Central Avenue, Huddersfield, West Yorkshire HD2 1DA4
£400K05/230.99 mi10, Parkstone, Huddersfield, West Yorkshire HD2 1QL4

Local Area Statistics

Population in HD2

28,723

Population in Huddersfield

200,145

Town centre distance

2.77 miles away

Nearest school

0.40 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £240,000

February 18, 2025

Description

  • AUCTION SALE +
  • 15 April 2025 +
  • FOR SALE BY AUCTION +
  • EPC Rating - D +
  • NO VIEWINGS AVAILABLE: TENANTED PROPERTY +

SUMMARY
AUCTION SALE 15 April 2025 - A substantial HMO investment property.
High yielding investment with a combined yield of £22,322.40 P.A.

DESCRIPTION
*FOR SALE BY AUCTION. VARIOUS BIDDING OPTIONS AVAILABLE: ONLINE, TELEPHONE, PROXY OR IN PERSON AT THE GRAND CONNAUGHT ROOMS, GREAT QUEEN STREET, 61-65, COVENT GARDEN, LONDON, WC2B 5DA * 15TH APRIL 2025***9.30 am START***CONTACT THE AUCTIONEERS TO REGISTER NOW***

Description:
A ready-made investment purchase with a current, combined yield of £22,322.40 per year and let on a 5 year lease. Set on a corner plot, this character property is run as a HMO, with 8 lettable rooms in total, it retains some of its original period features and offers good sized accommodation throughout. The property is split into two separate dwellings, No.25 is a HMO with a current licence and consists of 6 bedrooms with additional shared facilities and No.25A is a separate under dwelling and has 2 bedrooms. Located convenient for many local amenities and access to the local train station with connections to Huddersfield, Manchester & Leeds centres.
Please Note: We have not entered the property and as the property is tenanted there will be no viewings available. The photos provided are for No.25 and were taken previously and are to be used for guidance purposes only. We are currently outstanding confirmation of the current rent and interested parties are advised to read the legal pack and satisfy their own enquiries prior to bidding.

Presumed Accommodation:
No. 25
Ground Floor: Generous Reception Hall, Stairs to Upper Floors, Two Rooms, Communal Breakfast Kitchen, Bathroom & Storage Room.
First Floor: Landing, Four Rooms, Communal Bathroom/Wc & Separate Wc.
No.25A
Lower Ground Floor: Separate Entrance, Hall, Living/ Dining/ Kitchen Area, Two Bedrooms & Bathroom/ Wc.
External: Garden Areas and Driveway for Off Road Parking.

Tenure:
Freehold & Leasehold. 999 years from 25/3/1906 Please refer to the legal pack for further details.

EPC Ratings:
25: E & 25A: D

Council Tax Bands:
25: A & 25A: A

Enquiries:
W H Brown Northern Auction Centre, 38 High Street, Bawtry, Doncaster, DN10 6JE.
Tel. .

*GUIDE PRICE: £240,000*

Important Notice:
For each Lot, a contract documentation fee of £1500 (inclusive of VAT) is payable to the Auctioneers by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
**PLEASE CONTACT THE AUCTIONEERS AT TO REQUEST A COPY OF THE LEGAL PACK, IF THIS IS AVAILABLE WE CAN EMAIL IT OVER TO YOU**

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

Registration for bidding online will close the Friday before the auction sale. Please ensure you register and submit all the details and documents required in time. Without authorisation to bid prior to the sale you will be unable to bid in the auction.

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. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
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 SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Northern Auction Centre

01302 490142

Next Steps?

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