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Investment Property, Almondbury, West Yorkshire - Image 1
Investment Property, Almondbury, West Yorkshire - Image 2

Investment Property, Almondbury, West Yorkshire

Yorkshire

£525,000
Listed on 24/02/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold mill complex in Huddersfield presents a unique opportunity for renovation and investment, situated within an appealing neighborhood that enhances its potential. Spanning approximately 0.3 acres, the property is conveniently located just two miles from the bustling town center and 4.5 miles from Junction 24 of the M62, offering easy access to key transport links. The main structure features a combination of versatile buildings that could be transformed into residential units or developed for commercial purposes, pending the appropriate planning approvals. The property includes a sizable modern steel-framed commercial space measuring 13.5m x 8.9m, complete with roller shutter door access, ideal for various business applications or as part of a mixed-use development. Additionally, there are multiple lean-to style buildings providing further space for creative redevelopment. The stone-built mill itself boasts significant potential with its expansive ground floor measuring 20m x 9.5m and a first floor of approximately 11.3m x 5.4m. While access to the second and third floors was restricted during inspection, reports suggest they mirror the dimensions of the first floor, hinting at substantial usable area. With its characterful architecture and strategic location in Almondbury—likely one of the last remaining development opportunities in this area—this property is ripe for transformation into desirable residential apartments or upscale townhouses. The blend of current structures and their proximity to local amenities makes it an attractive choice for investors seeking to capitalize on Huddersfield's ongoing growth and demand for housing solutions.

Investment Analysis

(HD5 area)
Area Average
£209/sq ft
Avg Rent (weekly)
£188
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (HD5)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 8.5%
5 year growth: 27.0%
Investment Disclaimer: Analysis based on HD5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Investment Property, Almondbury, West Yorkshire
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,923
Based on a loan of £393,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE