1 bedroom apartment for sale

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1 bedroom apartment for sale

Richmond Road, Bradford, BD7
£65,000

Our Summary

  • 33 per month and a 125-year lease, these apartments represent a long-term investment opportunity

Description

Located on Richmond Road in Bradford, this development offers an ideal opportunity for investors to enter the student accommodation market. The property consists of 249 student apartments across two blocks, each designed to meet the needs of the local student population. With an estimated true value of £81,000 per unit, they are available off-plan for just £65,000, providing an immediate equity gain of £16,200. The apartments promise an 8% yield, making them an attractive investment option, and investors have the flexibility to purchase multiple units to increase potential returns. With a service charge of £83.33 per month and a 125-year lease, these apartments represent a long-term investment opportunity in a vibrant student community with excellent amenities and transport links.