£65,000
1 bed flat for saleRichmond Road, Bradford BD7
1 bed
1 bath
1 reception
- Leasehold
Tyron Ash International Real Estate
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About this property
Ref: Jagun
249 student apartments over two blocks in Bradford
True value of the units are £81,000 but are available off plan for £65,000
£16,200 equity straight away
Offering an 8% yield.
Investors can buy as many as they want
These units are being sold off plan.
Service charge of £83.33 pcm and lease of 125 years.
Requirements for purchase are £6,500 reservation fee followed by 48 monthly payments of £1200
Ref: Jagun
Located on Richmond Road in Bradford, this development offers an ideal opportunity for investors looking to enter the student accommodation market. The property consists of 249 student apartments across two blocks, with each unit designed to meet the needs of the local student population. The estimated true value of each unit is £81,000, but they are available off-plan for just £65,000, providing an immediate equity gain of £16,200.
The apartments promise an 8% yield, making them an attractive investment option. Investors have the flexibility to purchase multiple units, increasing potential returns. With a service charge of £83.33 per month and a 125-year lease, these apartments represent a long-term investment opportunity.
Bradford is known for its vibrant student community and cultural landmarks, making it a sought-after location for higher education. The city's amenities and transport links further enhance the appeal of these units. With limited availability at this price point, act quickly to secure your stake in this promising development
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More information
Tenure
Leasehold (125 years)
Service charge
£1,000 per year
Council tax band
TBC
Ground rent
Ground rent date of next review