RETURNS UP TO 18.67% | £18,000 OFF THE DEVELOPERS’ PRICE | NET YIELDS UP TO 6.38%
£159,750
Pontefract
1 RETURNS UP TO 18.67% | £18,000 OFF THE DEVELOPERS’ PRICE | NET YIELDS UP TO 6.38%
These 4-bedroom freehold town houses in Hemsworth, Pontefract represent fantastic value with prices from just £159,750, this being £18,000 off the developers’ price. The properties are much larger than average houses at 1200 square foot and feature accommodation situated over three floors including spacious lounge, separate dining kitchen, four spacious double rooms, an enclosed secluded rear garden, off street parking and modern fixtures and fittings throughout. With equivalent 4-bedroom properties in the area recently selling for £185,000, the discount we have secured represents great value for investors. Moreover, with net yields of up to 6.38% and a ROI of up to 18.67%, these attractive properties also make highly profitable buy-to-let investments.
Roughly a 40-minute drive into Leeds centre, the quaint town of Hemsworth, just outside of Pontefract represents a great opportunity to secure property in the high yielding North. Being in proximity to both Leeds and Manchester, cities that have seen substantial house price growth in recent years, the town is perfectly positioned to absorb this high demand for property.
Historically known for its coal heritage, the small town of Hemsworth is often described as charming. With a picturesque town centre, period buildings and cobbled streets, many people see Hemsworth as an escape from the hustle of city living, whilst still offering all the essential amenities to attract a wide range of potential renters.
Just a short 15-minute drive from Pontefract, the Pontefract Masterplan will have a positive impact on property investors in Hemsworth. The plan is to “introduce bold, visionary, and transformational change in order to safeguard our heritage and unique offer within the Wakefield district while making sure that we can meet the challenges of the 21st century”. The result of this will very likely coincide with not only increased demand for property but also a rise in house prices in Pontefract and the surrounding area.