The Springs – Halifax

New-build apartments The Springs – Halifax – Modern real estate in a growing city with a structural rental shortage

UKvastgoed presents a new investment project in a rapidly emerging market: The Springs in Halifax (West Yorkshire) – a modern apartment complex comprising 38 units, with 8 still available (6 x 1-bedroom & 2 x 2-bedroom), specifically developed for the rental market.

Halifax is attracting a lot of interest from real estate investors. The city combines an affordable entry price with solid rental demand and a strong economic foundation. 

Major employers such as Lloyds Bank, Nestlé, McVities, and Covea Insurance provide thousands of stable jobs. Accessibility to major cities in the neighborhood is excellent: Leeds is 35 minutes away, Manchester 60 minutes – ideal for commuters and professionals who choose Halifax as a more affordable place to live.

Why invest in The Springs?

• Entry-level prices from just £110,000 including a parking space worth £5,000
• Expected net initial yield ±6%
• 999-year leasehold
• Short-stay rentals permitted (Airbnb, etc.)
• Recently completed in Q1 2026
• New-build quality in a market with hardly any comparable offerings

The apartments range from approx. 32 m² (1-bed) to 49 m² (2-bed) and are designed with comfort, energy efficiency, and ease of rental in mind. There is a spacious enclosed green area with parking spaces at the rear of the complex.

The Springs responds to the growing demand for modern rental properties – a segment in which Halifax currently has a significant shortfall.

Strong underlying market

Halifax is benefiting from more than £200 million in urban regeneration:

• New train station in Elland (expected >250,000 passengers/year)
• £120 million upgrade of the A629 (1,700 additional jobs expected)
• Renovated bus station, library, and leisure center
• Rising inner-city employment (including Dean Clough business park)

The combination of economic growth, accessibility, and low housing prices has led to an increasing influx of young tenants. Young professionals, medical staff, young couples, and commuters in particular are looking for quality housing—precisely the segment that The Springs caters to.

Investment case

The expected rents for the modern 1-bedroom flats are around £700 per month, and for 2-bedroom flats between £800–£900. At current project prices, this results in a net initial yield of approximately 6%. In addition, the project offers:

• Low operating costs (new construction, EPC B/C)
• Flexibility for short-lets during peak periods
• Potential for value appreciation due to economic and infrastructural developments

Would you like to know more or are you interested in a new-build apartment?

Leave your details and we will contact you to send you the project package. 

PS – do you already have specific questions? Feel free to leave them on the form.