Property Type: Land
Agent notes:
Development opportunity in Lockwood, Huddersfield.Close to local shops and excellent schools. There is also a pre application for 26 apartments (19 one bed flats & 7 two bed flats). You can achieve around £600pcm for 1 bedroom flats, returning £7,200 per annum. 2 bedroom flats have a potential rental income of £800pcm (£9,600pa). Thus total income of 26 flats will amount to £17,00pcm achieving £204,000 per annum.
Alternatively there is potential to develop 5 houses (two detached properties & three town houses).
The land is next to a woodland area with pathways and trees giving a semi-rural feel.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Lockwood Huddersfield, HD4 6BL
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