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Halifax has quietly become one of the best places to invest in recent years. And honestly being a property expert I can say that it is not hard to see why. The town is nestled in the heart of West Yorkshire.
Halifax strikes a unique balance between historic charm and modern day convenience. It offers plenty of opportunities for those keen on property investment.
What struck investors most was the property market. The town has a mix of traditional stone built terraces with renovated mill buildings. There are also some mid-rise blocks closer to the town centre.
The properties here come with a surprising variety of price points. This makes the place accessible whether you are dipping your toes into buy to let for the first time or adding to an established portfolio.
Why to Invest In Halifax?
Robust Rental Yields and Rising Demand
One thing that really stands out about Halifax is its robust rental yields. Yields here often exceed 6%.
The pace of house price growth has consistently increased by 4.8% on an annual basis since 2020. By the end of 2024 this has resulted in a cumulative growth of 26.4% in house prices over the five years.
They are still comparatively affordable. Especially when you look at nearby hotspots like Leeds or Manchester. For investors it is a perfect combination of affordability and growth potential.
The demand for rental properties is also driven by the town’s thriving economy. Halifax is home to major employers like the Halifax Bank and Calderdale Royal Hospital. Not to mention its proximity to larger cities via the Halifax train station.
This means your property can easily attract tenants. Especially the young professionals and other local residents looking for easy access to work and city life.
A Growing Business Sector
Halifax boasts a vibrant economic landscape. It is fuelled by its diverse range of industries and thriving local businesses.
Halifax is home to over 1,000 finance plus insurance and real estate companies. The city serves as a global and national center for shared services with technology and middle office operations. These are supported by a robust infrastructure of accounting and legal consulting services.
They create significant employment and boost the region’s prosperity. The town focuses on advanced manufacturing too for the same. On the other hand the Northgate development has breathed new life into the town centre. It features mostly-
- Education facilities
- Innovative office spaces
- Modern retail areas.
These developments are opening doors for investment opportunities. These are making Halifax a dynamic player in the property market. It is a place where growth plus innovation and opportunity go hand in hand.
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Excellent Accessibility
Halifax offers outstanding connectivity. It ensures smooth travel to key destinations across West Yorkshire and beyond. Situated just a short drive from the M62 the town provides direct links to bustling cities like Leeds and Manchester.
The Halifax train station further enhances its appeal. It offers quick and reliable services to the north west and beyond. For tenants and local residents this makes Halifax an ideal base for work and leisure.
You can look to commute to major employment hubs or explore nearby attractions. The town’s strategic location offers unparalleled convenience.
10 Best Areas to Invest In Halifax, West Yorkshire
Halifax Town Centre (HX1)
£184,867
6.32%
88,109
The number one position in my list of best places to invest in Halifax stands for the Halifax Town Centre.
The town centre is a hub of activity and a standout location for property investors. It is known for its vibrant property market. There is close proximity to various key locations from the Halifax town centre. Some of the key areas include
- The National Children’s Museum
- Victoria Theatre
The Halifax Bank adds to the growth in demand as well.
Flats in mid rise blocks and converted mill buildings offer excellent gross yields and steady rental income. This makes them a reliable choice for investment property.
- Halifax
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- Halifax
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Sowerby Bridge (HX2)
£198,315
7%-8%
11,955
The second one is the Sowerby Bridge.
All thanks to its dynamic property market and strong tenant demand. The location is known for its charming converted mill buildings and modern flats. The area is particularly appealing to young professionals.
Especially those who value the local amenities and relaxed atmosphere. Its central location provides easy access to Halifax’s thriving economy.
This makes it ideal for those commuting to corporate offices or major employers like the Halifax Bank. The robust rental yields are supported by steady demand. It offers both short term income and long term capital values.
Southowram (HX3)
£200,982
3%-5%
4,600
Next is Southowram. The area offers the perfect blend of semi rural living and urban convenience. It makes the place a top choice for property investors.
Its elevated position overlooks the Calder Valley. The area boasts stunning views while maintaining easy access to Halifax’s town centre and train station.
This balance makes it a desirable spot for tenants. Particularly those who are seeking tranquillity without being too far from the thriving economy of Halifax.
The property types in Southowram are diverse. You can opt from traditional stone built terraces to modern flats. Every property offers flexible investment opportunities.
Average property prices remain relatively affordable. The demand for rental properties here ensures steady returns and opportunities for capital appreciation. Southowram is a prime location for investment in Halifax. It highlights a combination of scenic charm with the practicality tenants seek.
Rishworth (HX6)
£251,714
4%-5%
Rishworth is located on the outskirts of Halifax. It offers property investors a unique opportunity to combine rural living with urban convenience. The area is renowned for its scenic charm and easy access to local businesses and Halifax town centre.
These features make it a desirable spot for tenants. With average property prices still competitive, investment in Halifax becomes more accessible here. Flats in newer developments are particularly attractive.
This is because they offer a strong potential for capital values to rise over time. For those seeking investment opportunities in semi rural areas Rishworth delivers both long term growth and tenant appeal in the thriving property market.
Savile Park (HX13EW)
£217,659
5%
3,526.9
Savile Park is another important place to show interest. The location offers a mix of historic character and modern convenience. It is known for its lush green spaces and Victorian era charm.
The area provides excellent investment opportunities in high demand flats. These properties deliver robust rental yields. Particularly among tenants working in corporate offices or at the Calderdale Royal Hospital.
The average price of properties here reflects its premium appeal. Yet they offer long term value in a thriving real estate market.
Skircoat Green (HX30SA)
£248,751
3%-4%
12,712
Skircoat Green is a prime spot for property investment in Halifax. It offers a blend of village charm and modern convenience. Its proximity to Halifax town centre and excellent transport links. This makes it a popular choice for professionals.
The area’s local amenities are combined with high quality flats. It provides attractive investment opportunities with robust rental yields. Tenants appreciate the relaxed atmosphere alongside easy access to the thriving economy of Halifax.
With competitive average property prices Skircoat Green offers great potential for capital values and consistent demand.
Northowram (HX37AH)
£243,339
4%-5%
1,519
Northowram is a fantastic spot for property investors looking to balance semi rural living with accessibility to urban centres. The area’s modern apartments are a major draw. They offer tenants sleek designs and practical layouts.
What sets Northowram apart is its tranquil countryside charm. This is paired with easy access to Halifax and nearby hubs via well-connected roads. For those focusing on investment property the consistent demand and appealing property types make this area a smart choice.
It will opt for steady rental yields or long term capital values. Northowram delivers an excellent blend of peace and practicality for property investment success.
Hipperholme (HX38DE)
£274,135
3%-5%
11,650
Hipperholme combines traditional character with modern living. This makes it an excellent choice for property investors. The area boasts a variety of flats. Starting from charming stone built terraces to contemporary designs. It is appealing to tenants who value both heritage and comfort.
Its proximity to light manufacturing and creative industries drives a steady demand for rental properties. In turn ensuring reliable returns. Growing reputation among local residents & convenient links to Halifax make Hipperholme a location worth exploring. For investment opportunities that offer solid gross yields and potential for growth Hipperholme is definitely a place to keep on your radar.
Ripponden (HX40FL)
£225,260
3%
4,783
Ripponden is a gem for property investors seeking boutique flats in a picturesque setting. This location too is nestled in a stunning semi rural area. It offers the tranquillity of rural living while maintaining strong connectivity to Halifax and Manchester.
This accessibility makes it a top choice for tenants. The area helps in balancing peaceful surroundings with convenient commutes. The area’s charming appeal and modern developments create excellent investment opportunities for rental properties.
If you are exploring investment in Halifax then Ripponden stands out as a unique location. It combines lifestyle appeal with solid potential for capital values and robust rental yields.
Illingworth (HX29UQ)
£163,095
4.2%
12,739
The last location on my today’s list is Illingworth. It is perfect for investors looking for affordability within Halifax’s thriving real estate market. Known for its renovated mid-rise blocks and flats.
The area offers cost effective options that tenants love for their practicality and access to local amenities. What is exciting here is the steady growth in tenant interest. For property investment Illingworth presents a fantastic entry point. It blends affordability with the potential for long term growth.
A Focus on Flats and Apartments In Halifax
Halifax truly shines when it comes to its range of flats and apartments. It offers investors fantastic opportunities to meet the growing demand for modern and convenient living spaces.
In the town centre you will find a wealth of stylish apartments. They are often housed in beautifully renovated mill buildings or sleek mid rise blocks. These have become particularly popular with young professionals. Particularly those who are seeking proximity to work and leisure.
Areas near Sowerby Bridge and the inner areas of Halifax also feature affordable flats. They provide excellent rental yields and consistent tenant demand.
These properties are attractive for tenants who prioritise access to local amenities and transport links. One of the most important transport connections stands to be the Halifax train station.
For a touch of charm with a modern twist consider investing in apartments in locations such as Savile Park. These areas blend period character with updated and easy to maintain living spaces. These are valuable to tenants who value both style and functionality.
If you are looking at the edges of Halifax then even the semi rural areas offer opportunities for apartment living. Developments on the outskirts often combine rural views. That too with accessibility to the thriving economy and local businesses. This makes them ideal for those who want the best of both worlds.
Flats and apartments in Halifax offer an unbeatable combination of affordability plus demand and growth potential. It makes them a smart choice for anyone focused on investment properties.
Whether it is a converted mill loft or a contemporary unit or something in between then too Halifax has the right property to suit your strategy.
Check out the average house price with average monthly rent and rental yield for different types of properties in Halifax.
| Type of Property | Average House Price | Average Monthly Rental | Rental Yield |
|---|---|---|---|
| Flats and maisonettes | £141,000 | £764 | 6.5% + |
| Detached properties | £407,000 | £1,017 - £1,356 | 3-4% |
| Semi-Detached properties | £214,000 | £713 - £892 | 4-5% |
| Terraced properties | £153,000 | £701 - £829 | 5.5% - 6.5% |
Time to Get Your Gateway to High-Yield Investments?
Halifax promises a bright future and ensures your investment grows alongside the town’s success. Do not miss out. Halifax is ready to reward forward-thinking investors. Secure your place in this promising market today!
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