H1 Halifax – Town Centre Living
H1 Halifax is a town development built of 36 one bedroom units with sizes ranging from 354-418 square feet with a fixed price of £66,995 we have two payment schedules to flexibly fit any investors appetite, enjoying a return of 8% per year.
8%
Yield
Starting From
£66,995
Overview
Halifax has been ranked in Lendinvests top UK Buy to Let hotspots, Halifax is nestled between Leeds and Manchester proving to be positioned for the savvy commuter.
Halifax is home to a wealth of industry giants such as food brands McVities and Nestle along with textile manufacturing and engineering sectors, and of course, we can't forget its home to its international bank.
over 30 million has been spent on regeneration.
SUMMARY
Purchase price £66,995.00
Legal Fees (estimated total costs excluding disbursements) £850.00
RESERVATION STAGE
Initial Reservation Deposit - 5% £3,349.75
Legal Fees £850.00
Reservation stage total due £4,199.75
MONTHLY DEPOSIT PAYMENT STAGE
£20,098.50 Deposit divided by 24 months build schedule £837.44
COMPLETION STAGE
Balance payment - by way of mortgage or cash £43,546.75
Initial mortgage arrangement fee (if applicable) £995.00
Stamp Duty - estimated (if applicable) £2,009.00
Amount due at Completion Stage £46,550.75
ANNUAL INCOME - ESTIMATED
Estimated gross rental income £450.00 per month £5,400.00 per annum Estimated gross rental yield based on above 8.06%
ANNUAL EXPENSES - ESTIMATED
Service Charge (estimated) £900.00
Ground Rent (estimated) £250.00
Tenant Management fees @12% +vat £777.60
Total Expenses
£160.63 per month £1,927.60 per year
INCOME NET OF EXPENSES - ESTIMATED
£289.37 per month £3,472.40 per year
Halifax is home to a wealth of industry giants such as food brands McVities and Nestle along with textile manufacturing and engineering sectors, and of course, we can't forget its home to its international bank.
over 30 million has been spent on regeneration.
SUMMARY
Purchase price £66,995.00
Legal Fees (estimated total costs excluding disbursements) £850.00
RESERVATION STAGE
Initial Reservation Deposit - 5% £3,349.75
Legal Fees £850.00
Reservation stage total due £4,199.75
MONTHLY DEPOSIT PAYMENT STAGE
£20,098.50 Deposit divided by 24 months build schedule £837.44
COMPLETION STAGE
Balance payment - by way of mortgage or cash £43,546.75
Initial mortgage arrangement fee (if applicable) £995.00
Stamp Duty - estimated (if applicable) £2,009.00
Amount due at Completion Stage £46,550.75
ANNUAL INCOME - ESTIMATED
Estimated gross rental income £450.00 per month £5,400.00 per annum Estimated gross rental yield based on above 8.06%
ANNUAL EXPENSES - ESTIMATED
Service Charge (estimated) £900.00
Ground Rent (estimated) £250.00
Tenant Management fees @12% +vat £777.60
Total Expenses
£160.63 per month £1,927.60 per year
INCOME NET OF EXPENSES - ESTIMATED
£289.37 per month £3,472.40 per year
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