Prices: £120,000
Yield: 7%
Completion Date: Q3 2023
Lease Length: 250
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Bradford's Property Market
Average property prices in Bradford have hit £190,191 according to Rightmove. This is considerably lower than the neighbouring city of Leeds, where average property prices currently stand at £209,000. This means investors can often get better value for money in Bradford, which benefits from some of the same amenities and connectivity as Leeds.
Lower prices and less competition puts investors in a really good position to secure top property in the area. As Bradford continues to grow, property prices will increase in the city. This means investors could benefit from strong capital growth over the next decade, once regeneration projects are complete.
Important Details:
- Off-market opportunity - must enquire for pictures, brochures and floorplans!
- Prices from £120,000
- 7% yields achievable
- Multi-award winning developer
- Sustainable smart development
Spacious Development
CityRise is excited to launch this top-class off-market investment opportunity in Bradford. All the stunning apartments provide ready-to-move-in living spaces that will suit those looking for spacious and luxurious living. The building consists of three floors and is tied together by a beautiful communal courtyard space.
The development will also include a designated coffee shop for tenants to enjoy and create a friendly community. Additionally, each apartment will include a designated parking space. As the development is located in the heart of the Northern Powerhouse, the apartment will benefit from excellent rental demand from skilled professionals.
UK City of Culture 2025
Recently, Bradford was unveiled as the UK’s City of Culture for 2025. Dubbed a new chapter for Bradford. The event aims to celebrate the heritage, diverse population, and young residents of the city. In order to deliver on the mission objective a large inwards investment of £175 million was made, which has been invested into the city’s infrastructure.
The plans will create thousands of new jobs for residents of the city, across various industries. Therefore, this will boost the local economy in the area. For investors, this means they can benefit from capital appreciation, as often a strong local economy coincides with a growing property market.
Calculate Mortgage Repayments
Securing a mortgage is a huge financial commitment. Whether you are saving for your first investment or financial planning for your next, it is crucial that you calculate correctly. Use our mortgage calculator to help to determine what your monthly repayments will be. This way you can ensure that the rent earnt covers the repayments on your buy to let property.
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Calculate Stamp Duty
Use this calculator to determine the Stamp Duty Land Tax (SDLT) on your property investment. Stamp Duty is a tax paid by the buyer of a UK residential property. The stamp duty rate ranges from 2% to 12% of the purchase price. However, it can change based upon the value of the property, the purchase date, and whether you are a first-time buyer or not. Also, a 2% surcharge is added to each of these rates for buyers who are non-UK residents.
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Rental Yield Calculator
Discover whether a property is worth investing in. Use our Rental Yield Calculator to work out the rental yields on your investment.
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