93 New North Road, Edgerton, Huddersfield, Kirklees, HD1 5ND

Guide Price: £525,000

For sale by unconditional online auction starting on 22nd July at 10:00 and ending on 22nd July at 12:00

For Sale by online Auction, is this rare opportunity to acquire a significant residential investment in one of Huddersfield's most prominent and desirable locations. Situated on New North Road, just a short distance from Huddersfield town centre and the university, this Grade II listed former hotel has been sympathetically converted into 10 one-bedroom self-contained apartments, presenting an exceptional investment with secure and immediate income potential. Bidding opens Tuesday 22nd July 2025 at 10:00am.

Property Overview:

Address: 93 New North Road, Huddersfield, HD1 5ND
Listing Status: Grade II Listed (Listed since 29th September 1978)
Tenure: Freehold
Total Units: 10 x 1-Bedroom Apartments
o 9 apartments located within the main building
o 1 detached single-storey building situated within the rear garden
Current Lettings: 9 out of 10 units are currently let to long-term tenants, offering strong and consistent rental income. The current annual rent is: £50,460
Conversion History: Formerly part of the Ashfield Hotel, the building was converted to residential apartments in and around 2005.

Parking & External Features:

One of the standout features of this investment is the exceptional off-street parking provision, a rare find in this central location. To the rear of the property, accessed via a shared drive, you will find:
8 Dedicated Marked Parking Bays suitable for residents and guests
2 Single Garages ideal for secure storage or additional rental potential
1 Car Port offering covered parking or further development potential (subject to necessary consents)
Landscaped garden area with the detached 10th apartment situated separately, offering both privacy and flexible use options
The car park not only adds considerable convenience for tenantsenhancing desirability and long-term occupancybut also adds value to the overall investment profile of the property.

Location Highlights:

Prime position on New North Road, a prestigious tree-lined thoroughfare
Walking distance to Huddersfield town centre, railway station, and University of Huddersfield
Close to major transport links
Excellent local amenities and public transport options nearby

Council Tax & Utilities:

Each of the ten apartments at 93 New North Road is individually registered for Council Tax, allowing for clear and independent tenant responsibility. All apartments are also equipped with their own separate electricity meters, ensuring each unit operates on a self-contained basis for power consumption.

Council tax bands:
Flats: 1,4,5,6,7,8,9,10:
Kirklees Council
Band: A (£1541.45)

Flat 2 & 3:
Kirklees Council
Band: B (£1798.35)

The building is currently served by a communal gas-fired central heating system, which provides heating and hot water to all apartments. The cost of the gas supply is presently covered by the current owner, representing a potential opportunity for future adjustment or reallocation of utility responsibilities, subject to system modifications and legal advice.
This utility setup supports straightforward tenant management and provides flexibility for prospective owners to maintain or amend the current arrangements to suit their investment strategy, the landlord currently covers the water to the building also.

We have been informed by the vendors that the communal heating system was upgraded approximately five years ago and now operates on a modern Viessmann system. This recent installation reflects a significant investment in the building's infrastructure, offering improved energy efficiency and reliability for residents.

Fire Safety Compliance:

The property at 93 New North Road benefits from a robust and proactive fire safety management regime. A comprehensive Fire Risk Assessment is conducted every six months across the entire building, ensuring ongoing compliance with current fire safety regulations and best practices for multi-occupancy residential dwellings.
The most recent Fire Risk Assessment has been completed and is available to view within the legal pack. This ongoing commitment to fire safety provides peace of mind for both current and future owners, while also reinforcing the building's suitability for long-term residential investment.

Electrical & Gas Safety Certification:

Each of the ten apartments at 93 New North Road holds a current and in-date Electrical Installation Condition Report (EICR), confirming that all fixed wiring meets regulatory safety standards. These certifications provide assurance to both investors and tenants that the electrical infrastructure across the property is professionally maintained and legally compliant.
In addition, the property benefits from a valid Landlord Gas Safety Certificate, covering the central heating system and all relevant gas installations. This certificate is renewed annually and demonstrates that all gas appliances and pipework are inspected, tested, and safe for ongoing residential use.
Both the EICRs and the Landlord Gas Safety Certificate will be included in the legal pack

Energy Performance & Rental Income Breakdown:

The property demonstrates excellent energy efficiency for a converted Grade II listed building, with 9 out of 10 apartments achieving an EPC rating of C, and only one apartment rated at D. This places the building in a strong position in terms of energy performance and future regulatory compliance, particularly as Minimum Energy Efficiency Standards (MEES) evolve.
Below is a detailed summary of the EPC rating and current monthly rental income for each apartment:

EPC Rating:
Flat 1 C (70)
Flat 2 C (71)
Flat 3 D (64)
Flat 4 C (75)
Flat 5 C (80)
Flat 6 C (75)
Flat 7 C (75)
Flat 8 C (72)
Flat 9 C (70)
Flat 10 C (69)

These strong EPC ratings contribute positively to the property's sustainability profile and appeal to tenants looking for efficient homes with manageable utility costs.
Full EPC certificates and rental agreements are available in the legal pack

Current Monthly Rent (£)

Flat 1: £320pcm
Flat 2: £565pcm
Flat 3: £495pcm
Flat 4: £430pcm
Flat 5: £430pcm
Flat 6: £500pcm
Flat 7: Currently Vacant ,
Flat 8:£470pcm
Flat 9: £430pcm
Flat 10: £565

Total per annum: £50,460

Many of the tenants have occupied their units for an extended period, during which time rent increases have been applied conservatively. As a result, when compared with similar properties in the local area, current rents are estimated to be approximately 2025% below market value. This provides a clear opportunity for the new owners to significantly increase the annual rental income by gradually adjusting rents to reflect current local housing prices.

Disclaimer:
OLAPA Ltd has not conducted physical inspections of all the apartments listed. All floorplans and layout information have been provided by the respective vendors. As such, OLAPA Ltd cannot guarantee the accuracy or completeness of these floorplans, and prospective buyers should verify all details independently. Apartment layouts and specifications may vary, and no assurance is given as to their final form or condition.

UNCONDITIONAL LOT
Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit and a 3%+VAT (subject to a minimum of £5,500+VAT) buyer's premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

PRE AUCTION OFFERS ARE CONSIDERED
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

SPECIAL CONDITIONS
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.