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2 bed flat for sale

£86,950 (£129/sq. ft) From

Pellon Lane, Halifax HX1

2 1 1 675 sq. ft*
Interested in this property? Call +44 1865 680414 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Double glazing
  • Yields of up to 7.2%, insured for 12 months
  • Award-winning developer with a strong track record
  • Fully managed by a local agency
  • Walking distance to station and all local amenities
  • Spacious, sleek design and airy living space
  • 10 year NHBC
  • Prices in Halifax are up 21.4% in the last five years

Property description

Just a few minutes' walk from the shops, bars and restaurants of Halifax town centre, Martins Mill has been designed specifically to cater to Halifax's growing professional population, including the steady influx of contract workers employed by Lloyds Banking Group at the nearby Halifax head office.

Prices start from just £86,950, providing exceptional value compared to similar properties in the local area. 75% ltv is available on this investment (subject to status), allowing buyers to invest from just £21,738. The majority of apartments enjoy spectacular views of the rolling hills of the Shibden Valley.

The apartments are fully managed by an existing local management company, with a gross yield of up to 7.2% - insured for 12 months. Construction is being undertaken by award-winning developers, Mandale, with completion expected Autumn 2018.

The Daily Mail has heralded Halifax as being 'back in business and The Yorkshire Post recently coined 'the Piece Hall effect' with local agents noting 'investors tempted by the prospect of high rental yields'.

Medium-sized regional towns only have a chance every 75 years to do the kind of thing that Halifax is attempting. What has already been achieved is undeniably impressive, but all stakeholders - including residents, councillors, local businesses, and private investors – are committed to taking it further still.

A combination of fortunate timing, dedicated local players, hard graft, and the unlimited potential of the town’s historical assets has brought a range of integrated redevelopment schemes forward in recent years.

Halifax is a town that blends the old with the new and this is exactly what is Martins Mill will reflect: Modern living in historic surroundings.

Property info

Market activity
Average price paid £105,685 Sales 216 Current average value £103,353 (Zoopla Zed-Index) Value change -£5,100 ▼ -4.70%

Property value data/graphs for HX1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £258,535 £172 4.1 £256,571
Semi-detached £157,970 £156 3.5 £155,750
Terraced £82,727 £123 3.0 £85,238
Flats £113,698 £162 1.8 £105,702

Current asking prices in HX1

Average: £108,424
Avg. current asking prices in HX1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £74,750
(2)
£79,161
(43)
£105,541
(23)
£134,167
(9)
£211,800
(5)
Flats £73,488
(33)
£92,090
(25)
£175,000
(1)
- -
All £73,560
(35)
£83,914
(68)
£108,435
(24)
£134,167
(9)
£211,800
(5)

Current asking rents in HX1

Average: £451 pcm
Avg. current asking prices in HX1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £357 pcm
(6)
£422 pcm
(13)
£595 pcm
(5)
£587 pcm
(2)
-
Flats £438 pcm
(32)
£509 pcm
(11)
- - -
All £425 pcm
(38)
£462 pcm
(24)
£595 pcm
(5)
£587 pcm
(2)
-

Fun facts for HX1

Highest value in HX1
Highest value streets Zed-Index
Savile Road £324,699
Savile Park £300,277
Rothwell Road £286,113
Charnock Close £258,253
Heath Lea £253,641
Highest turnover in HX1
Highest turnover streets Turnover
Oxford Road 61.0%
Clay Pits Lane 41.7%
Naylor Street 40.7%
Savile Drive 40.6%
Glen Terrace 40.0%

What Zoopla users think of Halifax

Overall rating:

  • currently 4 stars
Very good - 75% (126 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Halifax:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Halifax (0.7 miles)
  • Sowerby Bridge (2.0 miles)
  • Brighouse (4.1 miles)
  • Leeds Bradford International Airport (12.9 miles)
  • Manchester International Airport (30.7 miles)
  • Robin Hood Airport (39.5 miles)
  • Heysham Ferry Terminal (47.6 miles)
  • Knott End-On-Sea Ferry Landing (48.2 miles)
  • Fleetwood for Knott End Ferry Landing (48.5 miles)

Nearby schools

View all schools in Calderdale
  • Beech Hill School (0.1 miles)
  • St Augustine's CofE VA Junior and Infant School (0.4 miles)
  • St Mary's Catholic Primary School (0.5 miles)
  • The Maltings College (1.6 miles)
  • Elliott Hudson College (12.2 miles)
  • Shelley College (12.4 miles)
  • The Halifax Academy (1.0 mile)
  • The Crossley Heath School (1.1 miles)
  • Ravenscliffe High School (1.6 miles)
Note: Distances are straight line measurements

Local info for Calderdale

AskMe Q&A for Calderdale

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Arrange Viewing

For more information about this property, please contact
Property Frontiers, OX4 on +44 1865 680414 * (local rate)

Monthly running costs Beta

£529 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,695
Repayment term 25
Interest rate 1.5
Your payment £312 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Contents value up to £80,000 Average insurance cost £12/mo (£144/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £23 Electricity £28 Estimated energy cost £51/mo

Similar properties could save up to £209

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7200 kWh/year
Electricity: 2100 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Calderdale

Estimated tax band B Council tax cost £123 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £13 Sewerage £18 Estimated water cost £31 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Property Frontiers, and do not constitute property particulars. Please contact Property Frontiers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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