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.
Gallery










