Property Details: • Type: Apartment • Tenure: LEASEHOLD • Floor Area: N/A
Key Features: • Tenanted property with immediate income • City centre location close to amenities and transport links • Popular historic mill conversion with character features • Potential 7.9% net yield (at £850pcm) • Strong rental demand from professionals and commuters
Location: • Nearest Station: Bradford Forster Square Station • Distance to Station: 0.29324291161212923 miles
Agent Information: • Address: The Lightwell, 61-63 Brown Street Manchester M2 2JG
Full Description: Conditioning House, Cape Street, Bradford, BD1 4QG <br />Price: £107,500 | Tenanted 2-Bedroom Apartment <br /> <br />A fantastic opportunity for investors to acquire a well-located two-bedroom apartment within the popular Conditioning House development, a characterful mill conversion in the heart of Bradford city centre. The property is currently achieving £750 PCM, providing an immediate net yield of 6.8%, with clear scope to increase rents to £850 PCM, which would boost net yield to approximately 7.9%, in line with comparable local properties. <br /> <br />This attractive apartment combines strong rental demand with long-term investment fundamentals, making it an ideal addition to both new and experienced landlords' portfolios. <br /> <br />Investment Figures <br />Purchase Price: £107,500 <br />Current Rent: £750 PCM (£9,000 per annum) <br />Potential Rent: £850 PCM (£10,200 per annum) <br />Ground Rent: £285 per annum <br />Service Charge: £1,400 per annum <br />Lease: Approx. 245 years remaining <br /> <br />Net Yield: <br /> <br />Current rent (£750 PCM): Annual net income £7,315 = 6.8% net yield <br />Potential rent (£850 PCM): Annual net income £8,515 = 7.9% net yield <br /> <br />Location & Rental Demand <br /> <br />Conditioning House is a historic mill conversion 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. <br /> <br />The building is popular with tenants due to its character features, high ceilings, and loft-style living, creating a distinctive alternative to standard modern apartments. <br /> <br />Why This Is a Strong Investment <br />Immediate rental income with strong tenant demand <br />Net yield of 6.8% with easy upside to 7.9% through modest rental growth <br />Very long lease (245 years remaining) <br />City centre location in a landmark mill conversion <br />Strong rental market driven by professionals and commuters <br /> <br />This property represents a solid, income-producing buy-to-let investment with potential to enhance returns through minor rental improvements. <br /> <br />LET PURE INVESTOR TAKE THE STRAIN AWAY ... <br /> <br />We offer a fully managed lettings and property management service, ensuring landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide: <br /> <br />Fully managed lettings and property management service <br />Comprehensive coverage throughout England and Wales <br />One team, one fee across your full portfolio <br />Rental income protection available <br />Quick and easy transfer of existing properties <br /> <br />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.
