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Cross Street, Halifax, HX1 1XB - Image 1
Cross Street, Halifax, HX1 1XB - Image 2
Cross Street, Halifax, HX1 1XB - Image 3
Cross Street, Halifax, HX1 1XB - Image 4
Cross Street, Halifax, HX1 1XB - Image 5

Cross Street, Halifax, HX1 1XB

Yorkshire

£400,000
Listed on 09/03/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Presenting a noteworthy redevelopment opportunity situated in a highly accessible town center locale. This property is positioned directly opposite the Halifax bus station and Vue cinema, ensuring convenient transport links and easy access to local amenities. The site encompasses a former restaurant building, which features extensive living accommodations alongside two attached derelict terraced houses. With ten allocated parking spaces available, this property offers significant potential for transformation. Previous development plans have envisioned the conversion of this space into a 15-bedroom hotel, showcasing its suitability for various investment strategies. The existing structure includes a range of functional areas such as a dining area, customer serving space, waiting rooms, bar, and kitchen facilities. Additionally, there are segregated restroom facilities and substantial storage areas, including three basement rooms equipped with essential commercial amenities like a beer drop, walk-in freezer, and cold storage. On the upper level, the living quarters currently provide three bedrooms alongside two bathrooms, a sauna, kitchen, office space, and several other flexible rooms totaling approximately 400 square meters. The two adjacent derelict terraced houses each span four floors with around 100 square meters of space per unit. Given their size and condition, these houses present an excellent prospect for renovation or complete redevelopment. In summary, this property's prime location combined with its diverse architectural components provides multiple avenues for semi-commercial or mixed-use development opportunities. This unique offering is poised for those looking to invest in an area ripe for revitalization. For viewings or further inquiries, please reach out during standard office hours.

Investment Analysis

(HX1 area)
Area Average
£137/sq ft

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Monthly Sales
17
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (HX1)

Area prices are falling by +5.5% over the last 12 months
3 year growth: -0.9%
5 year growth: 20.5%
Investment Disclaimer: Analysis based on HX1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Cross Street, Halifax, HX1 1XB
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