Historically, Cleckheaton is a mill town and is situated at the heart of the Spen Valley. It is also the birthplace of Roger Hargreaves, the author who penned the Mr Men series of books, as well as the town from which Yorkshire cricketer Andrew Gale hails from.
Within Cleckheaton, there’s a range of property on offer, from quaint one and two bedroom apartments, perfect for the young professional, to three and four bedroom houses suitable for growing families.
The average price of a home in this area is around £215,000, which has increased by 3.5% in the last year. For a property of this value, landlords can expect a rental income upwards of £600 per calendar month.
Cleckheaton is an attractive proposition to Landlords, mainly as a result of the town’s relatively low house prices, and its close proximity to the M62 & M606 motorways, which connect it to major cities such as Leeds, Manchester and Bradford.
Hunsworth is one of the most sought-after areas of Cleckheaton, with there being easy access to the motorways while retaining a quiet village feel. Many properties here also benefit from picturesque views of fields across the Spen Valley.
For a one bedroom properties in the area you can expect to pay anywhere between £55k and £70k, with a rental income of £360pcm to £400pcm. This breaks down to a yield of between 6% and 8%.
Two-bedroomed properties fetch between £55k and £140k, depending on the style of property, the standard of interior and the area its situated in. With these properties, you can expect to see a rental income of between £425pcm and £600pcm, which is a yield of between 5% and 7%.
For around £165k, you will be able to purchase a three bedroom property, from which you are likely to achieve £575 per calendar month in rent. This is an approximate yield of 4%.
Finally, four-bedroom properties are available for around £165k, although the average price is closer to £250k. These typically see a rent of around £825 per calendar month, meaning a yield of between 4% and 5%.
While this guide provides an indication of the current lettings market in Cleckheaton, it is absolute vital that potential landlords consult with a professional and reliable estate agency such as Hunters, who can offer further insight into the market and local area. The local branch in Cleckheaton town centre can provide a market-leading strategy to boost rental yield, as well as peace of mind for landlords when it comes to property management and tenant applications.
For more information, contact Hunters Cleckheaton today, where one of our lettings specialists will be perfectly placed to deal with your enquiry.