Summary - 42 FERN STREET HALIFAX HX3 6NP
3 bed 1 bath Terraced
Auction opportunity with refurbishment potential and strong headline yield.
Stone-built mid-terrace, three bedrooms over three storeys
Offered for sale by auction, this stone-built mid-terrace in Halifax presents a clear investor opportunity. The three-bedroom layout across three storeys and modest 851 sq ft floor area suits buy-to-let or a modest refurbishment for resale. The property is freehold, chain-free and advertised with a potential yield of around 15%, with auction completion scheduled.
Internally the house is in lived-in condition: lounge to the front, simple fitted kitchen to the rear and a first-floor bathroom, with two further bedrooms on the top floor. Expect basic fixtures, neutral decor and a mix of carpet and laminate flooring; the kitchen and bathroom would benefit from updating. Double glazing is fitted (installation date unknown) and heating is provided by an electric boiler and radiators.
Important realities: the area scores as very deprived with high local crime levels, which will affect tenant demand and resale values. The property has an EPC rating E, stone walls likely uninsulated and a small rear seating area only. On-street parking only. These factors lower holding costs (Council Tax Band A is very cheap) but mean buyers should budget for modernisation and consider management plans for lettings.
For investors comfortable with inner-urban locations, this terrace offers rental upside post-refurbishment and a compact, conventional floorplan that appeals to HMO conversion or standard let strategies. First-time buyers seeking a project could also consider it, but should factor renovation cost, local area challenges and the auction timetable into purchase decisions.
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