Studio apartment

The City Exchange, 61 Hall Ings, Bradford

Size: sqm

Purchase price

£65,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,100
Ground rent £250
Service charge £1,339
Net income £3,511
Gross yield 7.85%
Net yield 5.40%

This buy-to-let investment will make a great addition to an investor’s portfolio, it is already tenanted and yielding above 5% NET meaning you can enjoy income immediately from completion. The property is situated in the City Exchange development, which contains over 100 high-standard studio and one-bedroom apartments with the benefit of lift access, a fitness studio and an extremely convenient location in the heart of Bradford city centre. The studio apartment sits on the second floor and features high-quality fixtures and fittings, a modern fully fitted kitchen with appliances, an ensuite shower room and wrap around balcony.

Bradford is a fantastic multicultural city in West Yorkshire, boasting world-class attractions and an abundance of shopping and entertainment facilities found at Centenary Square and the Broadway shopping centre. Bradford Interchange is a few minutes from the development, with trains running to the neighbouring city of Leeds every 15 minutes and hourly to York.

The University of Bradford, one of the UK’s top ten higher education institutions to study medicine, pharmacy and physiotherapy, is just a 10-minute walk from City Exchange. Its Pharmacy course was ranked best in the top 250 universities in the world for Pharmacy & Pharmacology in 2019 and best in the country in 2020. The student population is in excess of 10,000 which is great for tenant demand.

There hasn’t ever been a better time to invest in Bradford thanks to major regeneration projects underway following £52.6 million worth of funding from the Government. This regeneration includes £9 million for the One City Park office development, millions towards a new enterprise zone at Parry Lane and £3 million for the first phase of the “City Village” development. The plans will create almost 2,300 new jobs and in addition to this, according to Bradford city council, the city’s population will reach 565,000 people by 2030, which means there will be an increasing demand for rental properties such as this one.

READY-MADE INVESTMENT OPPORTUNITY! Wonderful studio apartment with wrap around balcony in the fantastic City Exchange development, at the heart of Bradford's city centre.

Interested in this property? Enquire today for more information

Key features

Key features

Tenanted investment opportunity

Key features

Generate immediate income upon completion

Key features

5.40% NET yield

Key features

Studio apartment

Key features

Second floor

Key features

Wrap around balcony

Key features

In the heart of Bradford city centre

Key features

Walking distance to the train station

Key features

Close to well-regarded University

Key features

Shops and amenities nearby

READY-MADE INVESTMENT OPPORTUNITY! Wonderful studio apartment with wrap around balcony in the fantastic City Exchange development, at the heart of Bradford's city centre. More info...

This buy-to-let investment will make a great addition to an investor’s portfolio, it is already tenanted and yielding above 5% NET meaning you can enjoy income immediately from completion. The property is situated in the City Exchange development, which contains over 100 high-standard studio and one-bedroom apartments with the benefit of lift access, a fitness studio and an extremely convenient location in the heart of Bradford city centre. The studio apartment sits on the second floor and features high-quality fixtures and fittings, a modern fully fitted kitchen with appliances, an ensuite shower room and wrap around balcony.

Bradford is a fantastic multicultural city in West Yorkshire, boasting world-class attractions and an abundance of shopping and entertainment facilities found at Centenary Square and the Broadway shopping centre. Bradford Interchange is a few minutes from the development, with trains running to the neighbouring city of Leeds every 15 minutes and hourly to York.

The University of Bradford, one of the UK’s top ten higher education institutions to study medicine, pharmacy and physiotherapy, is just a 10-minute walk from City Exchange. Its Pharmacy course was ranked best in the top 250 universities in the world for Pharmacy & Pharmacology in 2019 and best in the country in 2020. The student population is in excess of 10,000 which is great for tenant demand.

There hasn’t ever been a better time to invest in Bradford thanks to major regeneration projects underway following £52.6 million worth of funding from the Government. This regeneration includes £9 million for the One City Park office development, millions towards a new enterprise zone at Parry Lane and £3 million for the first phase of the “City Village” development. The plans will create almost 2,300 new jobs and in addition to this, according to Bradford city council, the city’s population will reach 565,000 people by 2030, which means there will be an increasing demand for rental properties such as this one.

  • Key features
    Tick Desktop Tenanted investment opportunity
    Tick Desktop Generate immediate income upon completion
    Tick Desktop 5.40% NET yield
    Tick Desktop Studio apartment
    Tick Desktop Second floor
    Tick Desktop Wrap around balcony
    Tick Desktop In the heart of Bradford city centre
    Tick Desktop Walking distance to the train station
    Tick Desktop Close to well-regarded University
    Tick Desktop Shops and amenities nearby
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £5,100
Ground rent £250
Service charge £1,339
Net income £3,511
Gross yield 7.85%
Net yield 5.40%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.