Invest in The Malthouse
A great buy-to-let opportunity
The Malthouse offers an excellent investment opportunity. Built to a superior specification, this scheme of just 26 unique, luxury apartments is in the heart of the historic market town of Pontefract, one of West Yorkshire’s most up and coming areas. A private gated development with allocated parking for most residents, The Malthouse features solar panels, options to upgrade the kitchen and a 10-year building warranty.
A prime location for residents, a prime asset for investors
- Close to local shops, medical centre, gym and restaurants.
- Handy for the M62 and A1, putting Leeds within 30 minutes drive, Wakefield 25 minutes, and Manchester 1 hour 30 minutes.
- Close to the town’s three railway stations – Baghill, Tanshelf and Monkhill. Journey times to Leeds are 30 minutes, Wakefield 20 minutes and Manchester 1 hour 40 minutes.
- Close to two international airports – Leeds Bradford and Robin Hood
- Gross yields up to 7.5%.
- Discount against open market value.
Why Pontefract?
Pontefract is a thriving historic market town, with major employers and great transport links for easy commuting. But what makes this location so attractive to investors is the big plans for its future – and now’s the time to be part of it.
Future Plans for Pontefract
- A new rail service is currently underway from Knottingley to Wakefield Westgate and Leeds
- The local authority has plans for £1m leisure investment, including a new library and gym
- Just a short drive away at junction 32 of the M62 will be the Axiom development, a huge regional shopping mall due to launch in 2021 with 600,000sq ft of retail floorspace and around 75 units, with pre-lets already secured with Next, Primark, Marks & Spencer and Boots
- Retail research firm CACI has predicted that Axiom will make the top 40 in its index, while commercial real estate firm CBRE said it is the only major regional shopping centre planning consent to be secured in the UK in almost 20 years
- A £750 million masterplan will transform Castleford, around 10 minutes’ drive away, creating thousands of new jobs and green spaces.
- A £15 million leisure hub is planned for the town due to be open by 2021.
Financial Illustration
Mortgage Illustration Purchase for a One bedroom
| One bedroom Apartment | £90,000 |
| Purchase Price | £90,000 |
| Deposit Required (35%) | £31,500 |
| Anticipated Monthly Rent | £495 |
| Ground Rent & Service (approx.. PCM) | £73.33 |
| Monthly Mortgage Payment | £239.78* |
| Gross Surplus Monthly Income | £181.89 |
Fitzwilliam Capital Partners is not FCA/authorised by the
financial ombudsman.
Comparable Evidence
Currently, Pontefract is very much lacking in apartment accommodation – so demand for The Malthouse will prove very strong indeed. Here’s how similar properties in the area compare.
Sales
The following properties have recently been SSTC in Pontefract and the surrounding region.
| Bradley Avenue, Castleford |
1 bedroom apartment | £130,000 |
| Hardwick Court, Pontefract |
2 bedroom apartment | £140,000 |
| Madison Close, Pontefract |
2 bedroom apartment | £125,000 |
Lettings
The following properties have recently been let in Pontefract and the surrounding area
| Headlands Rd | 2 Bed | £650 pcm. |
| Old River View | 2 Bed | £650 pcm. |
| King Charles Court | 1 Bed | £525 pcm. |