Reasons to Invest in Huddersfield

About

Huddersfield

Huddersfield is an area known to generate good rental yields, with an average of 5.43%. Huddersfield is further known for its accessible location, attracting large demand from investors and tenants. This town is conveniently located in West Yorkshire, in the middle of Leeds and Manchester and near other major cities such as Halifax and Bradford.

Its vibrant town centre offers great value property and is popular amongst students and individuals who want to be near the amenities of central Huddersfield. Suburbs surrounding the centre, on average, tend to offer cheaper property than the town centre. Despite moving to the suburbs, all town centre amenities are still easily accessible.

Huddersfield is also recognised for its arts and cultural community, regularly holding events including the Literary Festival, a Contemporary Music Festival and a Carnival. Furthermore, Huddersfield is the birthplace of the Rugby League which was established in 1895, making it a known town across the country. 

Connectivity

Huddersfield’s great connectivity is one of the reasons it is attractive as a place to live for those who work in other towns and cities in West Yorkshire and Greater Manchester. Situated near the M62 and A62, accessibility to and from the city is made simple. Major cities such as Leeds, Bradford and Wakefield can all be reached within a 35-minute drive from Huddersfield. There is also a train station in the centre of the town. It has direct services to Leeds, Manchester, and many other towns and cities across the north. Many villages further out also have train stations with reliable transport, creating strong connectivity across the north.

To help support the connectivity and economic growth in the north of England, Network Rail plans to invest in the railway that runs through Huddersfield, Leeds, Manchester and beyond, as part of a Transpennine Route Upgrade. 

Regeneration

Due to continuous regeneration projects in the Huddersfield town centre, over £1 billion has been reinvested into the area. In and around central Huddersfield there are 11 major schemes in construction over the next few years. These will scale up the area, delivering new houses, employment opportunities, businesses, and green spaces.

The most significant project is the Huddersfield Blueprint. Kirklees Council has planned a 10-year project to transform the town into an even more desirable place to live, work and visit, further creating a thriving, modern centre. The 5 key objectives of the plan are: to create a vibrant culture, art, leisure and nightlife offer, build thriving businesses, make a great place to live, and deliver improved access and enhanced public spaces. 

These regeneration projects will lead to a steady increase in property prices and rental demand. This will enable investors to achieve a high rental yield with the potential to gain significant capital appreciation in future years.