Central Halifax freehold block with immediate income; needs renovation and HMO work..
Freehold sale of mixed-use period block with current combined income > £41,000 pa
Includes two tenanted two-bedroom flats and five single-room lets producing income
Requires renovation; communal lift repair and general refurbishment needed
Unit 12A currently lacks an HMO licence — licensing risk and costs possible
Service charge £45 pcm per flat; ground rent £100 pa per flat
Buyers pay £1,500 contract fee; additional seller completion fees possible
EPC rating C for main units; building likely uninsulated stone walls
Located central Halifax; crime level reported very high — factor security costs
A rare freehold investment in Halifax city centre, this Victorian/Edwardian block comprises multiple self-contained flats, five single-room lets and a ground-floor office. The sale includes two tenanted two-bedroom flats and the ground rents, producing reported combined income in excess of £41,000 per year — offering immediate rental yield potential for a hands-on investor.
The building needs renovation and ongoing management attention: the communal lift requires repair, parts of the property require general refurbishment, and the building fabric likely lacks wall insulation. One ground-floor unit (12A) currently lacks an HMO licence which may restrict letting options until resolved. EPCs for the principal units are C.
Practical costs and sale conditions are material: a buyers’ contract documentation fee of £1,500 (inclusive of VAT) is payable at completion, and additional seller fees may apply — check the legal pack. The property will be sold at auction, so purchasers should perform their own surveys, verify tenancy details, and budget for refurbishment and licensing costs before bidding.
This lot suits an investor or small portfolio owner comfortable with mid-scale renovation, HMO compliance work and active asset management. The central location, existing rental income and freehold ownership provide a platform for increasing value once repair and licencing issues are addressed.
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