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ATTENTION INVESTORS - PURCHASE THIS READY MADE INVESTMENT PORTFOLIO!
Offered to the market as a ready-made portfolio of tenanted investment properties is this selection of 10 X 1 bedroom and 2 X 2 bedroom apartments in Bradford. The apartments are located in a modern development on the outskirts of the city close to popular local towns and large employers, resulting in excellent demand from tenants.
The apartments are leasehold and produce an approx. gross income of £101,400 per year, providing an estimated 7.5% gross yield from day 1. This provides an investor an excellent opportunity to bulk purchase high specification properties in a developing UK property market.
A look inside the apartments:
All apartments are offered in good condition having being completed in the last 3 years. The one bedroom apartments briefly consist; Entrance hallway, shower room, storage cupboard, double bedroom and an open plan kitchen / living space.
The two bedroom units are located on the top floor of the building and consist; Entrance hallway, storage cupboard, open plan kitchen / living room with added benefit of a juliet balcony, 2 X double bedrooms and a shower room.
All apartment come with the added benefit of 1 allocated parking space per apartment, located within the grounds of the development.
Financial Breakdown:
Occupancy: Tenanted
Tenure: Leasehold
Gross rent: £101,400
Gross yield: 7.5%
Ground rent: £3000 PA (Approx.)
Service charge: £15,382 PA (Approx.)
NET income: £83,018 PA (Approx.)
NET yield: 6.15%
*Additional letting agent fees will apply if the apartments are managed*
Location
All units are located in the same recently completed building in Bradford, West Yorkshire. 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.