Bingley Road, Bradford
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
614 sq ft
57 sq m
Key features
- Ready made investment property
- 6% NET yield
- Hands off investment
- Beautiful Art-Deco building
- Allocated Parking
- One bedroom
- Modern specification
- Leafy suburb
- Well located for major employers
- Secure today for the asking price
Description
Offered to the market as a ready-made investment, this well proportioned one bedroom apartment on the ground floor offers an attractive 7.4% gross yield. The development is well located in the popular leafy village of Heaton, just a short drive from Bradford City Centre. The apartment has a modern feel throughout and also benefits from an allocated parking space.
This style of property is high in demand in the rentals market and provides a great opportunity for a first time investor or perhaps an addition to an expanding portfolio.
A look inside the property:
The property briefly comprises; Entrance hallway with storage housing the washer, open plan kitchen/living space, one double bed and a good sized shower-room. Externally there are well maintained landscaped gardens as well as an allocated parking space.
Location - The apartment is situated in one of Bradfords many converted 19th century industrial buildings, once occupied by Hallmark cards the art deco building really showcases beautiful British architecture. The building is based in Heaton, a leafy suburb on the outskirts of Bradford which is well connected via both road and rail links to neighbouring towns and cities.
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.
Points of interest:
- Frizinghall train station: 8 minutes drive
- Bradford city centre: Approx. 10 minutes drive
- Bradford Royal Infirmary: Approx. 5 minutes drive
- Bradford Grammar school: Approx. 5 minutes drive
- Saltaire UNSECO world heritage site: Approx. 5 minutes drive
Council tax: A
Financial Breakdown: - Occupancy: Tenanted
Tenure: Leasehold
Gross rent: £8100
Gross yield: 7.4%
Service charge: £1217
Ground rent: £250
NET income: £6633
NET yield: 6%
Brochures
Bingley Road, BradfordBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Bingley Road, Bradford
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Visit our security centre to find out moreDisclaimer - Property reference 33286523. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Tenanted Property Sales, Yorkshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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