Cape Street, Bradford, BD1
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Key features
- Tenanted property with immediate income
- City centre location close to amenities and transport links
- Popular historic mill conversion with character features
- Long lease providing long-term security for investors
- Strong rental demand from professionals and commuters
Description
Price: £119,500 | Tenanted 2-Bedroom Apartment
A fantastic opportunity for investors to acquire a well-located two-bedroom apartment within the popular Conditioning House development, a character mill conversion in the heart of Bradford city centre. The property is currently achieving £750 PCM, providing an immediate income with clear scope to increase rents to £800-£850 PCM, in line with comparable local properties.
This attractive apartment combines strong rental demand with long-term investment fundamentals, making it an ideal addition to both new and experienced landlords' portfolios.
Investment Figures
Purchase Price: £119,500
Current Rent: £750 PCM (£9,000 per annum)
Potential Rent: £800-£850 PCM (£9,600-£10,200 per annum)
Ground Rent: £285 per annum
Service Charge: £1,400 per annum
Lease: Approx. 245 years remaining
Net Yield
Based on the current rent of £750 PCM:
Annual rent: £9,000
Annual costs (ground rent + service charge): £1,685
Net income: £7,315
Net yield: 6.1%
With a rental increase to £800 to £850 PCM, the investment could achieve:
Net yield: approx. 6.6% to 7.1%
Location & Rental Demand
Conditioning House is a well-known historic mill conversion positioned close to Bradford city centre, offering easy access to shops, restaurants, offices and major transport links. The location is particularly attractive to young professionals and commuters, with Bradford's two main train stations providing convenient connections to Leeds, Manchester and wider West Yorkshire.
The building itself is popular with tenants thanks to its character features, high ceilings and loft-style living, creating a distinctive offering compared with standard modern apartments.
Why This Is a Strong Investment
Immediate rental income with tenant demand
Potential to increase rent to £800-£850 PCM
Healthy net yield of 6%+ with upside to 7%+
Very long lease (245 years remaining)
City centre location in a landmark mill conversion
Strong rental market driven by professionals and commuters
Overall, this property represents a solid, income-producing buy-to-let investment with the potential to enhance returns through modest rental growth.
LET PURE INVESTOR TAKE THE STRAIN AWAY ...
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
Fully managed lettings and property management service
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One team, one fee across your full portfolio
Rental income protection available
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If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Cape Street, Bradford, BD1
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Visit our security centre to find out moreDisclaimer - Property reference 123-conditioning. 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 Pure, Manchester. 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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