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2 bed flat
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Price History
Our Summary
- Conditioning House, Cape Street, Bradford, BD1 4QG 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
- 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
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Description
The property is a 2-bedroom apartment located in the Conditioning House development, a character mill conversion in Bradford city centre. It is currently tenanted, achieving £750 PCM, with potential to increase rent to £800-£850 PCM. The property has a long lease of approximately 245 years remaining, and annual costs include a ground rent of £285 and a service charge of £1,400.
The apartment is situated close to shops, restaurants, offices, and major transport links, making it attractive to young professionals and commuters. It features character details such as high ceilings, creating a distinctive living space.