1 bedroom apartment for sale

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1 bedroom apartment for sale

Bingley Road, Bradford
£110,000

Our Summary

  • With fast increasing rents and property prices, Bradford is really showing its potential to property investors in the UK

Description

This one-bedroom apartment on the first floor is a ready-made investment opportunity, offering a 6.6% gross yield. Located in the popular village of Heaton, just a short drive from Bradford City Centre and the UNESCO World Heritage site of Saltaire, the property benefits from a modern feel, unallocated parking space, and well-maintained landscaped gardens. The apartment is currently tenanted, with a gross rent of £7,200 and a service charge of £1,450 per annum. The property is leasehold, with approximately 999 years remaining, and the annual ground rent is £250. The estimated net income is £4,625, with a net yield of 4.2%. With fast-increasing rents and property prices in Bradford, this investment has the potential to provide excellent returns for investors.