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Halifax Buy-to-Let Guide

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    Everything You Need to Know About Halifax Buy-to-Let

    For many, Halifax is the image of a bustling northern working town.

    But how does it stand up as a buy-to-let hotspot?

    Exploring its real estate market reveals Halifax’s potential as a buy-to-let hotspot, with affordable properties and a growing demand for rental housing.

    If you’re eyeing the property market in Halifax or looking to diversify your portfolio, take a look at the following guide to buy-to-let in the area!

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      Buy-to-Let Property Prices in Halifax

      According to Rightmove, the average price of a property sold in Halifax over the last year was £178,073.

      This is more affordable than the average for the whole of the UK, which is £284,691, as stated by the UK House Price Index.

      Sold prices in Halifax over the last year were at the same level compared to last year and 2% higher than in 2021. It is no surprise that Halifax has become popular with Property Investors from around the UK in recent years.

      So, prices seem to be at a steady level, but is this set to continue?

      According to Savills, capital values in the Yorkshire and Humber region are projected to rise by 20.2% over the next five years until 2028, marking one of the highest forecasts in the UK.

      Learn More: Discover the buy-to-let costs and how to start a property portfolio with our updated investment insights!

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      Buy-to-Let Rental Market in Halifax

      According to, the average monthly rent in Halifax is £744 PCM, which is considerably lower than the UK average rent of £1,262 PCM, as outlined by the latest HomeLet Rental Index.

      One of the main draws for investors in Halifax’s buy-to-let market is the town’s continual demand for rental properties.

      Thanks to its thriving economy and employment opportunities across finance, healthcare, and tourism sectors, Halifax appeals to a diverse range of tenants, from young professionals to families and retirees. This consistent demand guarantees a dependable rental income stream for landlords, making it an enticing prospect for those seeking long-term investment stability.

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      Investment Properties for Sale in Halifax

      Investors exploring the market in Halifax will find a mix of residential and commercial properties, from quaint period homes to modern commercial spaces.

      According to Rightmove, terraced properties dominated the sales market in Halifax over the past year, with an average selling price of £135,984. Semi-detached properties saw an average price of £198,779, while detached properties achieved an average price of £381,397.

      Typical property types in Halifax span a range of styles, from traditional stone-built terraces to flats in mid-rise blocks, suburban housing estates, and expansive period properties dating back to the Victorian era.

      While the inner areas of Halifax are characterised by a dense urban population, the outer districts extend into the Yorkshire moors and valleys, offering a more rural environment.

      As the town undergoes revitalisation and development projects, the potential for capital appreciation and robust rental yields becomes increasingly promising.

      For those seeking a blend of historical charm and contemporary investment potential, Halifax’s offerings in the real estate market present a compelling investment opportunity.

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        Buy-to-Let Investment in Halifax: Area Breakdown

        Halifax Town Centre may not immediately strike investors as a residential hotspot. However, there are an array of enticing opportunities, particularly in the form of value-driven flats and renovated properties, often nestled within charming old mill buildings.

        These properties boast promising letting potential, ideal for those seeking proximity to the town’s amenities or requiring convenient access to Halifax Train Station.

        Areas like Savile Park and Skircoat Green are distinguished for their elegant period homes and popularity among residents. With their proximity to both the town centre and Calderdale Royal Hospital, these areas present an appealing blend of convenience and comfort.

        Expanding further towards the west and northwest, one encounters a diverse array of neighbourhoods, such as Illingworth.

        Offering a mix of property types at varying price points, these areas cater to a broad spectrum of prospective homeowners and investors alike.

        Halifax Town Centre (HX1)

        Average Property Prices in Halifax Town Centre

        The average property price in this area is £122,962.

        Average Rental Yield in Halifax Town Centre

        The average rental yield in this area is 6.32%.

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          Savile Park

          Average Property Prices in Savile Park

          The average property price in this area is £239,530.

          Average Rental Yield in the Savile Park

          The average rental yield in this area is 2.98%.

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          Skircoat Green

          Average Property Prices in Skircoat Green

          The average property price in this area is £299,325.

          Average Rental Yield in the Skircoat Green

          The average rental yield in this area is 2.44%.

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            Average Property Prices in Illingworth

            The average property price in this area is £163,552.

            Average Rental Yield in the Illingworth

            The average rental yield in this area is 4.84%.

            (Average property prices were taken from Rightmove in early 2024; gross rental yield estimates were calculated with figures from in the same period)

            What is the Best Area of Halifax to Invest in?

            Compared to the overall average buy-to-let property for sale in the UK, properties in Halifax vary in affordability.

            Areas like Halifax Town Centre have an average price well below the national figures, producing a respectable yield of around 6%. Calderdale College is also located in the HX1 postcode, which could provide access to the young professional/student property demographic.

            However, properties in Skircoat Green and Savile Park typically fetch a much higher price, leading to a low gross rental yield.

            A buy-to-let property within the town centre would be most advantageous, and with thorough research, it may be possible to see some return on investment.

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            Why You Should Consider a Buy-to-Let Investment in Halifax

            Robust Economic Landscape

            Halifax has a rich industrial heritage, once renowned for its prominence in wool processing, manufacturing, and, notably, carpet making. However, today, the town’s economic landscape has evolved significantly. The primary industries in Halifax now encompass light manufacturing, advanced manufacturing, services, public services, technology, creative industries, and financial services.

            Notably, Halifax holds historical significance as the birthplace of the Halifax Building Society, which has since transformed into the Halifax Bank. The financial services sector remains a key employer in the region, with thousands of individuals employed in corporate offices located at Trinity Road in the town centre and the LBG computer data centre situated at Copley.

            Additionally, Calderdale Royal Hospital (CRH) plays a pivotal role as a significant employer in Halifax. The Calderdale and Huddersfield NHS Foundation Trust, which oversees CRH, employs approximately 6,000 individuals, further contributing to the town’s diverse employment landscape.


            Working in conjunction with Calderdale Council, the Halifax Development Board has instigated various regeneration projects to promote and support local infrastructure.

            Ambitious plans are currently ongoing or in the pipeline. Utilising The Government’s Future High Streets Fund, Halifax Borough Market is undergoing extensive renovation to drive growth and ensure future sustainability.

            Residents and business owners can enjoy the benefits of regeneration. Property investors can also capitalise on these schemes by researching which up-and-coming areas will benefit most from a resurgence in the coming years.

            Investing earlier while the property prices are lower will result in increased demand, higher rental income, and substantial capital appreciation when the time comes to sell up.

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            Halifax New-Builds

            Investing in newly constructed properties is a growing trend within the UK real estate market, drawing the interest of both tenants and landlords. With these properties being recently built, there is minimal need for refurbishment before they are ready for the market. This leads to quicker occupancy for tenants and a faster turnaround on rental returns for investors.

            As demand consistently outstrips supply, the necessity for new housing opportunities has become increasingly pronounced. Many council-backed projects have begun developing new housing development schemes to address this.

            Beech Hill Halifax, for example, is an affordable housing scheme expected to add 106 homes to the area.

            Considering current market trends, newly constructed properties could potentially be profitable for investors.

            However, while investment opportunities exist for new builds in Halifax, a wider array of possibilities may be found in larger investment cities, such as Liverpool and Manchester.

            Learn More: Explore this investment trend further with our recent buy-to-let guides, covering everything from new-builds in Brixton to the latest UK hotspots!

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              Off-Plan Property

              Off-Plan Property in Halifax

              While there are many advantages to investing in newly constructed properties, they often come at a higher cost compared to older residential properties.

              Off-plan property investment allows investors to access new-builds at a more affordable price point. Investors who opt for off-plan commit to a property before its completion, typically securing it at a discounted rate to standard market prices.

              Early engagement can lead to significant capital appreciation with a lower initial investment, as the value naturally rises nearing the completion of the off-plan property.

              Like most new-build investments, particularly in high-demand locations, off-plan properties demonstrate strong rental demand, potentially offering solid long-term yields.

              As with standard new-build developments, while some off-plan properties are available in Halifax, investors might want to explore UK regions with a higher concentration of new developments – such as the North West.

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              How Does Halifax Compare to Other UK Regions When It Comes to Buy-to-Let?

              Halifax offers an array of properties at affordable prices. Depending on where you invest, you can see respectable returns and healthy capital growth.

              However, it is possible to achieve higher yields at more affordable levels in other property hotspots.

              Buy-to-let properties in Liverpool and Manchester, for example, often see below-average property prices and yields that exceed 8%, depending on where you look.

              The predicted rise in property value in Yorkshire and the Humber makes it attractive for buy-to-let investors aiming to eventually sell their property for significant gains. However, there’s no requirement to confine investment solely to this region. Savills suggests that other areas, such as the North West, are also expected to experience similar growth.

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                Want to Invest in Halifax?

                So, is Halifax the best place for property investment?

                With affordable prices, increasing demand and solid rental yields on offer, the region is almost certainly a strong contender.

                However, other cities present more consistent levels of high returns without sacrificing affordability and capital growth.

                Want to know more about the UK rental market? Check out some of our recent buy-to-let guides below:

                Map of Halifax

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                Reece Pape

                Reece Pape is a property writer at RWinvest. Reece is passionate about keeping property investors updated on must-have information and housing market news, utilising the latest property market statistics and data.