Prosperity Wealth

H2

Halifax

Overview

A contemporary selection of 70 one and two bedroom apartments minutes from Halifax town centre. Halifax has recently ranked in the UK’s Top 10 buy-to-let hotspots by LendInvest.

Key points

  • Property type:
    Contemporary residential conversion
  • Location:
    Halifax
  • Units available:
    70 one & two bed apartments
  • Guide price:
    £66,995 - £76,995
  • Predicted yield:
    8.6%

Status: Build underway

Estimated completion: Q2 2021

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It's all about the location

Nestled between the two northern powerhouses, Manchester and Leeds, Halifax is excellently positioned to satisfy the needs of today’s location-savvy commuter. The development is located in the Illingworth area of Halifax, with the town centre just a 10 minute drive away. The town centre enjoys a variety of amenities, bars and restaurants, and popular attractions including the Victoria Theatre, The Piece Hall and National Children’s Museum, Eureka. Attracted by affordability, connectivity, and exciting job prospects, young people are remaking Halifax as a trendy urban playground, with quirky arts venues and coffee shops.

Economy 01

Economy

The economy is characterised by a blend of long-established company headquarters and dynamic smaller enterprises.

02

Population

With 95% of its 82,500 strong population in employment, Halifax is welcoming a growing number of commuters from the wider region too.

Population
Connectivity 03

Connectivity

Well connected within the road network with commuter links via the both the M62 and M6 motorways.

04

Transport

Halifax has extensive railway links to all major UK cities, with trains to London every hour, Manchester every 30 minutes and Leeds every 15 minutes.

Transport
Business 05

Business

Home to big brands including Nestlé and McVities. With over a third of jobs in banking, finance or insurance. Lloyds, Halifax plc and HBOS are all based in the town.

06

Regeneration

Recent projects include the transformation of Dean Clough Mills, £6.5m addition of an independent cinema, restaurant and bar to the re-designed Square Chapel Arts Centre and a £10m central library.

Regeneration
Education 07

Education

64% of residents have professional qualifications. A 1,000-student sixth form college is currently being built on the site of the historic council offices.

The property & investment

Each apartment has been intelligently planned to create the best accommodation flow possible in which to socialise and relax and an individual specification selected to maximise the appearance and long-term enjoyment of each newly created home.

Payment plans

No Mortgage Plan

1 Bedroom Apartment
Payment plan provided is correct at the time of development launch

Purchase Price: £66,995.00
Reservation Deposit: £3,349.75 plus £850 legal fee
Monthly Payment Stage: 24 x £1,814.45
Remaining payments are covered by rental income over 4 years.
This option is perfectly suited to clients without a large lump sum. Payments can be made across the 24 month build term – keeping payments low.

Estimated gross rental income £450
Estimated gross rental yield 8.6%

The latest Development updates

Spray work underway to walls and ceilings

Plastering work complete down to 3rd floor

First fix M&E

Sprinkler system distribution

Outside our H2 development

H2 Site Update

  • All asbestos has been removed
  • Demolition and soft strip complete
  • First fix M&E to 6th floor
  • Sprinkler system distribution installed to the building
  • Plastering and MF ceilings commenced

Sprinkler system being installed

Hoist set up

H2 Site Update

  • Asbestos removal underway
  • Hoist set up completed
  • Demolition and strip out underway
  • Sprinkler systems installed on 9th-15th floors
  • Dry lining completed on 14th-15th floors
  • M&E first fix progressing well
  • Patio sliding doors installed on 12th-15th floors

H2 Site Update

  • Extensive strip out work is underway
  • Services shut down
  • Roof works commence as project program works from the top down

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