Summary - 5 MURRAY ROAD HUDDERSFIELD HD2 2AD
12 bed 11 bath Block of Apartments
Large freehold investment near university with cellar conversion potential.
- 11 flats (3 studios, 7 one-beds, 1 two-bed) with cellar conversion potential
- Tenanted: 10 of 11 currently let, current gross income £42,000pa
- Rents below market; clear potential to increase income
- Up-to-date EICRs and annual Gas Safety Certificate in place
- EPCs mostly E; energy efficiency upgrades likely required
- Rear car park for ~4 cars; ample on-street parking front
- Area deprived with above-average crime statistics
- Sold at auction: 10% deposit, buyer's premium, 56-day completion
A substantial Victorian detached building currently configured as 11 self-contained flats, offered freehold and for sale by unconditional online auction. Ten of the eleven units are let, producing current gross income of £42,000pa with an advertised fully-let potential of £46,200pa. Rents are broadly below local comparables, creating scope for a buyer to increase income gradually. The property benefits from regular fire risk assessments, up-to-date EICRs for each flat and a current Landlord Gas Safety Certificate; full certificates are in the legal pack.
Investment upside includes potential to convert the spacious cellar into an additional two-bedroom flat and to raise several below-market rents. Practical positives include UPVC double glazing throughout, separate coin-operated electric meters for each flat, a rear car park for approximately four cars and generous on-street parking. The building is not listed, allowing alterations subject to planning.
Material issues for purchasers: several flats have low EPC ratings (many in band E), the area is classified as deprived with above-average crime, and one flat is currently registered for business rates but will be vacated at sale. The vendor currently pays water and gas (approx. £3,000pa) and recovers electricity by emptying coin meters every 2–3 months; incoming owners should plan for utility pass-through systems and verify meter arrangements.
Sale is via auction with a buyer’s premium (5% + VAT, minimum £5,500 + VAT) and a 10% deposit on hammer fall; completion is typically required 56 days afterwards. A Tree Preservation Order affects a rear tree. The property suits an investor prepared to manage tenancies, complete modest refurbishments and pursue rental re-pricing or a cellar conversion for added income.
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