Duke Street, Bradford
- PROPERTY TYPE
House
- BEDROOMS
11
- BATHROOMS
11
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- £72,000 gross income pa - 10.5% gross yield, net yield up to 9.12%
- 10 en-suite HMO rooms plus self-contained one-bed flat across two titles
- Turnkey - all conversion works completed prior to legal completion
- Full planning permission in place (refs 25/01685/FUL & 25/01686/LBC)
- 999-year leases from 1997 at £5 pa ground rent — virtual freehold security
- Prominent BD1 corner position on Duke Street & Manor Row, city centre
Description
A Converted 11-Unit HMO & Residential Investment | Asking Price £680,000
An exceptional opportunity to acquire two adjoining, income-producing properties occupying a prominent L-shaped corner building in the heart of Bradford city centre. Together they comprise ten en-suite HMO letting rooms and a self-contained one-bedroom flat, producing a potential gross income of £72,000 per annum a gross yield of 10.5% and a net yield of up to 9.12% after estimated outgoings of £9,940 pa.
THE PROPERTIES
The two properties form part of the same building, each with its own address, frontage and title a single managed block with the flexibility of two separate titles.
4 Duke Street is a fully converted five-bedroom HMO with a private en-suite to every room and a generous shared lounge and kitchen, creating a high-specification co-living environment.
1 Manor Row provides five further ground-floor en-suite bedrooms with a communal kitchen/lounge, plus a self-contained one-bedroom flat on the lower ground floor with an open-plan lounge/kitchen and dedicated bathroom.
INCOME
10 × en-suite rooms @ £550 pcm: £66,000 pa
One-bedroom flat @ £500 pcm: £6,000 pa
Total: £6,000 pcm / £72,000 pa gross
PLANNING, LICENSING & TENURE
Full planning permission is in place (refs 25/01685/FUL and 25/01686/LBC, Bradford planning portal). All conversion works will be completed prior to legal completion, delivering a finished, ready-to-let investment. HMO licences will be required by the incoming owner; the vendor has worked closely with Bradford Council throughout to ensure the scheme aligns with licensing requirements, providing a smooth path to licensing.
Both properties are held on 999-year leases from 1997 at a nominal £5 per annum ground rent each effectively a virtual freehold.
Viewings strictly by appointment through the selling agent.
- 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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Duke Street, Bradford
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Visit our security centre to find out moreDisclaimer - Property reference Duke and Manor. 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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