Flats 1-4, 1 Back Fold, Ripponden, Sowerby Bridge, West Yorkshire, HX6

Currently Producing £31,200 per annum
Gross Yield 7.34% Based on Asking Price
Considered Scope for Rental Growth
Enquire for Further Information

The property comprises four flats located across the first and second floors of a larger three-storey mixed-use block.
The flats all present to an equally well-presented specification throughout, with the second floor exhibiting retained character features such as exposed timber beams. The kitchens and bathrooms are all fitted with modern fixtures and fittings and there is an otherwise clean neutral décor to the living and bedroom areas.
The ground floor retail accommodation has been sold separately on Long Leasehold interests.

£425,000 for the Freehold Interest.

Location
The property is located in the heart of Ripponden village centre, a popular and sought-after residential location owing to the mixture of quaint retailers, characterful public houses and restaurants, scenic Ryburn Valley surroundings and excellent proximity to the Junction 22 of the M62 Motorway. Ripponden is known locally as an affluent area, according to the Office of National Statistics the neighbourhoods of Ripponden, Rishworth and Barkisland boasted the highest average household income (February 2024).

Income
The property is let producing:
Flat 1: £600pcm
Flat 2: £650pcm
Flat 3: £650pcm
Flat 4: £700pcm
The total combined income is therefore £31,200 per annum. We consider that there is an opportunity to increase the income based on current market rates and further details are available upon application.

Council Tax Bandings
Each flat has been assessed with a Council Tax Banding of A under the billing authority of Calderdale.

EPC
The property has been assessed with the following EPC Ratings:
Flat 1 - C (expiry January 2034);
Flat 2 - C (expiry January 2034);
Flat 3 - D (expiry November 2028);
Flat 4 - B (expiry February 2027);

Terms
The freehold interest is being sold. The price quoted are exclusive of VAT which is understood not to be applicable. Each party is to be responsible for their own legal costs incurred in any sale transaction.

Viewing
For further information or should you wish to arrange a viewing, please contact the sole agents:
Jack Spencer
Direct Line:
Email: Jack.