Freehold Victorian terrace — heavy-refurb HMO opportunity near town and M62..
- Freehold Victorian mid-terrace with new roof and full double glazing
- Stripped back to brick; first-fix joinery already completed
- Three independent entrances; flexible 6+1 or 8-bed HMO layouts
- Projected gross rent approx. £50,000+ per year (based on local comps)
- Sold at online auction: 5% deposit and 3%+VAT buyer's premium apply
- Interior needs full fit-out; heavy renovation work still required
- High local crime rate and located in a deprived area
- Small plot size; short 28-day legal completion after auction
A substantial Victorian mid-terrace offered at auction as a freehold lot, positioned close to Halifax town centre, hospital and M62 links. The property has been stripped back to brick with first-fix joinery in place, a new roof and full double glazing, leaving a clear, quick-refit route for an experienced developer or HMO operator. Three independent entrances and generous accommodation across four floors create flexible conversion options.
Two practical schemes are already identified: a dual-asset layout (6-bed HMO plus separate 1-bed flat with independent access) or a single 8-bed HMO with ample communal space. Projected gross rents are advertised at £50,000+ pa based on local comparables — the lot suits a buyer aiming for hands-on, value-led refurbishment and immediate income generation.
Buyers should be aware this is a renovation project sold unconditional at auction. The interior requires completion of heavy works and full fit-out; the property is in a deprived area with high local crime rates and a small plot size. Auction conditions apply: 5% deposit on fall of the hammer, a buyers’ premium (3% + VAT, minimum £5,000 + VAT) and exchange/completion commitments (28 days). Review the legal pack for any additional costs and special conditions before bidding.
This is a high-yield, higher-risk opportunity best suited to investors or builders comfortable with refurbishment, licensing and lettings in an urban, mixed-quality neighbourhood.
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