1 Bed Apartment For Sale

ATTENTION INVESTORS - PURCHASE THIS READY MADE INVESTMENT PROPERTY!

Offered to the market as a ready-made investment, this larger than average one bedroom apartment on the first floor offers an attractive 6.6% gross yield. The development is well located in the popular leafy village of Heaton, just a short drive from the world heritage town of Saltaire as well as Bradford City Centre. The apartment has a modern feel throughout and also benefits from an allocated parking space.

This style of property is high in demand in the rentals market and provides a great opportunity for a first time investor or perhaps an addition to an expanding portfolio.

A look inside the property:

The property briefly comprises; Entrance hallway with storage housing the washer, open plan kitchen/living space, raised space for dining, one double bed and a good sized shower-room. Externally there are well maintained landscaped gardens as well as an allocated parking space.

Financial Breakdown:

Occupancy: Tenanted
Tenure: Leasehold (Approx. 999 years remaining)
Gross rent: £7,200
Gross yield: 6.6%

Service charge: Approx. £1450 PA
Ground rent: Approx. £250 PA
Lettings management: £875 PA

Approx. NET income: £4625 PA
NET yield: 4.2%

Location - The apartment is situated in one of Bradfords many converted 19th century industrial buildings, once occupied by Hallmark cards the art deco building really showcases beautiful British architecture. The building is based in Heaton, a leafy suburb on the outskirts of Bradford which is well connected via both road and rail links to neighbouring towns and cities.

Having been awarded the coveted 'City of Culture' for 2025, Bradfords property market has really started to kick on. House prices and rents in Bradford are increasing faster than the rest of Yorkshire, according to the Office for National Statistics (ONS), where the average house price in Bradford was £181,000 in June 2024, a rise of 7.4% on the previous year. Across Yorkshire and the Humber, the average house price increased just 4.7% over the same period.

The same is true for rents, which in Bradford was an average of £683 a month in July 2024, an annual increase of 8.2% from £631 a month in July 2023. This is higher than the rise in Yorkshire and the Humber of 7.0% over the year.

With fast increasing rents and property prices, Bradford is really showing its potential to property investors in the UK. Investing this year is likely to provide an excellent opportunity to invest whilst prices are still lower than the nation average.

Points of interest:

- Frizinghall train station: 8 minutes drive
- Bradford city centre: Approx. 10 minutes drive
- Bradford Royal Infirmary: Approx. 5 minutes drive
- Bradford Grammar school: Approx. 5 minutes drive
- Saltaire UNSECO world heritage site: Approx. 5 minutes drive

Council tax: A