1 bedroom apartment for sale

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1 bedroom apartment for sale

Richmond Road, Bradford, BD7
£65,000

Our Summary

  • 33 per month and a 125-year lease, these apartments represent a long-term investment opportunity

Description

Located on Richmond Road in Bradford, this development offers an ideal opportunity for investors to enter the student accommodation market. The property features 249 student apartments across two blocks, each designed to meet the needs of the local student population. With an estimated true value of £81,000 per unit, investors can purchase them off-plan for £65,000, generating an immediate equity gain of £16,200. The apartments promise an 8% yield, making them an attractive investment option, with the flexibility to purchase multiple units for increased returns. With a service charge of £83.33 per month and a 125-year lease, these apartments represent a long-term investment opportunity in a vibrant student community with excellent amenities and transport links.