Hebden Bridge Landlords & Letting Guide
A small, historic market town set in the picturesque scenery of the Calder Valley, Hebden Bridge is a quaint, family-friendly setting.
Much of the property in Hebden Bridge is of a certain era, with period properties, converted mills and historic terraces lining the town’s streets. From a selection of modern apartments in old mill buildings to Victorian family homes, there’s somewhere suitable for most audiences.
The average price of a house in Hebden Bridge is around £220,000, which has increased by 6.5% in the last year, and by a considerable 26% in the last five years.
Attractive to buy-to-let investors, Hebden Bridge has a range of property on offer, and is in close proximity to the M62 motorway, which means easy access to major cities such as Leeds, Bradford and Manchester. The town also has a train station, with regular services along the Northern-operated Calder Valley line, which connects to Manchester Victoria, Bradford Interchange, Blackpool North and Leeds.
If you’re considering investing in a one bedroom property, then you will be able to buy for £80k to £120k, with a rental income of between £400 and £600pcm. This breaks down to a yield of around 6%.
Two bedroom properties vary in asking price, with asking prices between £85k to £185k. Monthly rent is between £400 and £600, meaning a yield of around 4 or 5%.
£130k to £230k will secure a three bedroom property in Hebden Bridge, from which you’re likely to achieve between £550 and £725 rent per month. Similarly to three bedroom properties, this will mean a yield of approximately 4.5%.
If you’re looking at buying a four bedroom property to rent out, then you will be looking at an average outlay of £325k. You can buy properties of this size from £200k, which are often ideal buy-to-let investments. You’re likely to see an estimated rental income of £700pcm, which equates to a yield of 3%.
While this guide is designed to provide an indication of the current market in Hebden Bridge, it’s of vital importance that potential buy-to-let investors consult with a professional and reliable estate agency such as Hunters. We can offer further insight and knowledge of the sector and local area, as well as market-leading strategy aimed at boosting rental yield.
If you would like more information, contact Hunters Hebden Bridge today, where one of our lettings experts will be happy to help you.