Top Reasons Why Off-Plan Properties in Halifax Offer High Returns

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Thinking about off-plan property investment in Halifax? It is a smart way to tap into the growing potential of the UK property market. Buying before a property is fully built often means securing lower house prices and benefiting from future capital appreciation.

Halifax holds excellent connectivity and rich cultural attractions. It is increasingly appealing to young professionals and renters. The rental market here is thriving. All thanks to strong rental demand and attractive rental yields. Developments near Halifax train station or Savile Park cater to modern living. This makes them ideal for long-term returns.

Average property price in Halifax

£ 0

With government-backed schemes and tailored mortgage products the investment process is more accessible than ever. But off plan properties often have limited units and high demand.

Halifax is transforming into a hotspot for property investors. It offers a blend of terraced properties with new builds and excellent investment opportunities.

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Expert-Recommended Off-Plan Investment Properties in Halifax

Halifax

Rawsons Mill

Built between 1825 and 1828, Rawsons Mill was one of the largest mills in Halifax. This historic iron-framed structure has been reimagined as a stylish residential development offering modern living spaces in a prime location.

117500

Property Price

£1,794

Rent per month

18.32%

Rental Yield

Constructed between 1825 and 1828 for James Ackroyd. The mill became the property of the Rawson family in 1836. It is distinguished as one of Halifax’s largest buildings.

It was the nation’s pioneer in utilising an iron frame with stone floors to accommodate machinery. The mill remained operational until approximately 2002 when it fell into disuse.

The project renovates 16 Grade II-listed mills.

The initiative creates beautifully landscaped open spaces.

Iconic sites like Borough Market receive modern updates.

Improved pedestrian routes ensure easier and enjoyable movement.

Iconic sites like Borough Market receive modern updates.

Part of an £11.7m scheme to revitalise Halifax’s high streets.

Halifax

The Springs

The Springs is a modern conversion designed to cater to Halifax’s growing professional population. With its central location and high employment rates, it offers contemporary apartments perfect for young renters.

104993

Property Price

£725

Rent per month

8.29%

Rental Yield

The Springs is a contemporary development situated in the center of Halifax. It is tailored to cater to the town’s rising population of young professionals seeking rental housing.

With an impressive 95% employment rate and over one third of local jobs tied to various sectors. Such as banking plus finance and insurance. It is bolstered by major employers such as Lloyds, Halifax plc, and HBOS. The town is gaining popularity.

The development offers 36 premium apartments.

Provides superior standards for discerning tenants.

Thoughtfully designed for comfort and functionality.

Designed for Halifax’s growing young professional renters.

Bright layouts and top-tier finishes redefine luxury living.

An ideal choice for those seeking seamless, modern lifestyles.

FEATURED PROPERTY

Angel Gardens

Angel Gardens is located in an up-and-coming district of Liverpool. It is in close proximity to two major regeneration projects: the £150 million Project Jennifer and the £5.1 billion Liverpool Waters scheme.

£20k

Cash Needed

10%

Rental Yield

£1.5k

Rent per month

Limited Units

£185k

Property Price

Key Reasons to Invest in Halifax Real Estate

Competitive Property Prices

The year 2024 saw UK property prices defy expectations. That too with values climbing by 4.8% annually to reach a record high of £298,083. Interestingly most of this growth occurred in the second half of the year.

It was following a relatively flat market earlier on. Halifax has been no exception to this trend. It has benefitted from the same dynamics that have underpinned the wider market.

Two key factors contributed to this recovery. Firstly mortgage rates fell significantly. At times dropping as much as 160 basis points compared to the peaks of 2022 and 2023. This made borrowing more affordable. It encouraged increased activity in the housing market.

Secondly comes income growth. It has begun to catch up with inflation. This is easing financial pressures for potential homeowners. With this there is a Monthly mortgage cost as a percentage of earnings fell from 33% to 29%. This is boosting confidence and driving mortgage demand to its highest levels in over two years.

Annual property price increase (2024)

0 %

Price growth has been driven by an imbalance between property supply and demand, as homeowners hesitate to sell due to higher mortgage rates. New build completions have also hit their lowest levels since 2018 (excluding pandemic periods), further supporting house prices. Halifax remains attractive to investors seeking long-term capital appreciation in a competitive yet accessible market.

The graph below provides deeper insight into Halifax’s house price index from December 2018 to December 2023.

Personally I would highly suggest investors to go for off plan properties while investing in this location.

Investing in off plan properties offers additional advantages for tenants and investors in this dynamic market. One of the key benefits is the opportunity to secure properties at competitive plus pre market prices.

These often hold below current market values. As property prices rise off-plan investments can provide strong potential for capital growth. That too even before the property is completed.

Another significant advantage is flexibility in payment terms. Developers often offer staged payment plans. This reduces the upfront financial burden and makes it easier to manage cash flow.

Record high average UK property price (2024)

£ 0

Modern off plan developments are typically built to high energy efficiency standards. All these features can result in lower operating costs and increased appeal to future tenants.

Investing off plan allows buyers to customise finishes and layouts. It tailors the property to their preferences or market demands. This makes these investments particularly attractive for those aiming to rent or resell at a premium. Given the continued housing demand and limited supply of off-plan properties in areas like Halifax presents a compelling opportunity.

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High Demand for Rental Properties

Halifax has carved out a reputation for offering impressive rental yields. Particularly in off plan property investments. Speaking about the same, the location often surpasses 6%. For investors this presents an excellent opportunity.

You can secure reliable rental income in a market that continues to thrive. Few areas can compete with this level of return. Especially considering the town’s affordability compared to nearby cities like Leeds or Manchester.

Rental Yield by Property Type in Halifax

Property Type

Off plan investments in Halifax provide the added advantage of purchasing properties at lower prices before completion. It maximises the potential for capital appreciation.

The town’s appeal is not just about rental returns. It is also about consistent growth. Since 2020, house prices in Halifax have risen steadily at an annual rate of 4.8%, amounting to a projected 26.4% increase by the end of 2024.

Yet despite this upward trend the market remains accessible. This makes Halifax an attractive option for investors seeking a balance between affordability and long-term gains.

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On-Going Regeneration Projects in Halifax

Many regeneration projects are collectively enhancing Halifax’s economic vitality and urban appeal. This is further making it a hotspot for property investors seeking strong returns and long-term value. Particularly in off-plan property investments.

£1 Billion

A629 Phase 2 Halifax Town Centre

The A629 Phase 2 project transforms Halifax by improving connectivity to the M62 motorway. It reduces congestion, enhances accessibility, and prioritises eco-friendly infrastructure. The development boosts daily commuting, modern living, and business appeal. For off-plan property investors, the upgraded routes increase the value and desirability of future developments.

£18 Million

Halifax Future High Streets

This project revitalises Halifax town centre by transforming underused spaces into vibrant, functional areas. Redesigned layouts ensure seamless visitor flow, while improved streets, road networks and facilities attract more visitors. Repurposed spaces bring energy to the town, blending modernisation with its charm, boosting rental yields and long-term capital appreciation potential.

£4.5 Million

Halifax Borough Market Renovations

The Borough Market in Halifax is undergoing renovations to blend historic charm with modern amenities. Upgraded shopping and dining facilities enhance visitor experiences while preserving heritage. Positioned as a key destination for locals and tourists, this project boosts Halifax’s appeal and adds value to nearby off-plan property investments.

£11.76 Million

Westgate Phase 2 & Palatine Chambers

The transformation of Horton Street and extension of Westgate Arcade will revitalise Halifax with renovated properties and modern spaces for retail, offices, and leisure. This project boosts the local economy, attracting young professionals and businesses. Modernised areas position Halifax as a thriving hub and offer lucrative investment opportunities.

Risks and How to Mitigate Them

Investing in off-plan properties can be exciting. But let us face it every investment has its challenges. Understanding the risks and having a solid plan can make all the difference in your property investment journey.

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Steps to Invest in Off-Plan Properties in Halifax

Researching Developers and Projects

Before diving in, take your time to explore development projects. Areas like Savile Park or the Halifax town centre are hotspots. That too for modern living and strong rental demand. Look for limited units with easy access to transport links and cultural attractions.

Understanding Contracts and Legal Considerations

Pay attention to the details in your contracts. They will include everything from timelines to potential penalties for delays. A good solicitor with experience in off plan investments will ensure your paperwork is airtight.

Securing Financing for Off-Plan Properties

With the variety of mortgage products available it is easier than ever to fund your investment. You can be a cash buyer or looking for a tailored mortgage product Halifax offers plenty of options to get you started.

Timeline from Purchase to Completion

The process may take months or even years. But good planning can turn waiting into anticipation. This includes steps from signing contracts to receiving the keys. Each step brings you closer to entering the property ladder and enjoying the rental income or capital appreciation your investment offers.

By following these steps you will gain confidence and clarity in your investment process. And this will tap you into the incredible opportunities Halifax offers.

Time to Get Your Gateway to High-Yield Investments?

Halifax and West Yorkshire promises a bright future and ensures your investment grows alongside the town’s success. Looking at the limited off plan investment opportunities it is highly recommended to not miss out here.

Halifax is ready to reward forward-thinking investors. Now you can even analyse your potential returns before investing. Just click here and explore our Wealth Builder Projection Tool. Understand your returns and Secure your place in this promising market today!