BTL Hardwick

Property Overview

  • Type: 3-Bedroom Terraced House

  • Location: Pontefract, West Yorkshire

  • Year of Purchase: 2022

  • Purchase Price: £100,000

  • Refurbishment: Light

  • Gross Development Value (GDV): £125,000

  • Rental Income: £675 per month

Why This is a Strong Long-Term Investment – Thorough Due Diligence Conducted Pre-Purchase

  • Strong consistent capital growth in the area in the previous 3 years of 7%… of which 3% being from the last year. 

  • The average asking price for a 2 bedroom terrace house in the area had been £113,000 in the past 12 months and this property has been extended to a 3 bed.

  • Very high development planning in the area. Plenty of extensions, new housing units, and commercial developments occurring, estimated at £20.6milllion - meaning a lot of people are happy with the area and want to stay.

  • "Pontefract is famous for its picturesque town centre, period buildings and cobbled streets. It’s a town bursting with charm and personality, where you can find world-famous races, a lively Saturday market, the Haribo factory and liquorice in abundance. Furthermore, with a £750m redevelopment planned for the next few years, its appeal looks set to be enhanced even further. “- Source: Fitzwilliam .com.

  • Featherstone train station is <1 mile away. There is a GP 490 yards away, dentist 400 yards away and a hospital less than 10 minutes’ drive away.

  • The closest Secondary School is <5 minutes away and is rated ‘Great’. The closest Primary School is 100 yards away and also rated ‘Great’.

  • Only 25% of 2+ bed properties in the area are available to purchase, 75% are Sold STC. This demonstrates there is more demand for properties than there is supply in the area.

  • 71% of the properties in the area are owned with 53% of them owned outright. This shows the affluence in the surrounding area.

  • 15% of the people living there categorised into the AB Social Grade which is above the national average. The average household income is £38,000 (national average is £30,000). 

With strong capital appreciation, high demand, and ongoing investment in the area, this property presents a fantastic long-term single let with steady rental income and strong future growth potential.

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