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Studio for sale

£52,000

Hey Street, Bradford BD7

1
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Property description

Property description:

The Fabric Hotel will provide a unique opportunity to purchase a stunning studio apartment in this upmarket city center hotel. Located in the historic city of Bradford, Fabric offers an exciting alternative to a buy-to-let in the centre of the Learning Quarter and close to the cities bustling night-life and wealth of attractions.
Set over 11 floors, Fabric will be made up of 99 self- contained studio apartments complete with all modern conveniences including a kitchenette containing sink, oven, hob, extractor fan and microwave. Bringing a new, fresh and exciting option to the leisure market, the hotels within our Business Collection have been specifically designed to cater for a modern corporate audience with all rooms equipped with functional workstations and the latest high-speed internet connection.

Investor Deal-Cash Only Purchase-Not available using a residential mortgage option.

For all enquiries please fill out your details below.

Why Invest in Bradford ?
Boasting an economy worth over £8.3 billion, it is the fourth largest metropolitan district in the UK and the fifth fastest growing city outside of London. The rejuvenation of public spaces in the city and the arrival of the prestigious £260m Westfield Broadway Shopping Center have helped transform Bradford and attract major investment and business opportunities.

Investment Highlights

• Fully furnished hotel apartment starting from £52,000
• 99 hotel rooms in total
• 10% assured net rental return for 10 years
• 125% developer buyback year 10
• Stamp Duty exempt
• Title registered with land registry on 125-year leasehold tenure
• Fully managed hands-off investment
• City Center Location

Information packs, floor plans and financial breakdowns available on request.
Market activity
Average price paid £97,189 Sales 237 Current average value £103,996 (Zoopla Zed-Index) Value change £1,344 ▲ 1.31%

Property value data/graphs for BD7

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £187,252 £138 3.6 £143,250
Semi-detached £121,941 £144 3.2 £109,474
Terraced £87,300 £104 3.1 £81,970
Flats £60,827 - 1.8 £41,550

Current asking prices in BD7

Average: £101,773
Avg. current asking prices in BD7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £41,124
(4)
£78,872
(36)
£110,948
(49)
£128,172
(31)
£238,325
(6)
Flats £61,566
(23)
£57,950
(1)
- - £240,000
(1)
All £58,537
(27)
£78,306
(37)
£110,948
(49)
£128,172
(31)
£238,564
(7)

Current asking rents in BD7

Average: £433 pcm
Avg. current asking prices in BD7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £269 pcm
(11)
£439 pcm
(10)
£389 pcm
(6)
£505 pcm
(4)
-
Flats £339 pcm
(43)
£556 pcm
(12)
£600 pcm
(6)
£761 pcm
(4)
-
All £324 pcm
(54)
£503 pcm
(22)
£495 pcm
(12)
£633 pcm
(8)
-

Fun facts for BD7

Highest value in BD7
Highest value streets Zed-Index
Penrose Drive £221,560
Royal Close £216,914
Snape Drive £195,636
Hollybank Road £193,531
Lynch Avenue £190,050
Highest turnover in BD7
Highest turnover streets Turnover
Summer Hill Street 52.4%
Hindley Walk 41.7%
St. Wilfrids Close 37.5%
Woodvale Grove 33.3%
Glenlee Road 31.9%

What Zoopla users think of Bradford

Overall rating:

  • currently 2.5 stars
Average - 50% (717 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Bradford:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Bradford Forster Square (0.6 miles)
  • Bradford Interchange (0.7 miles)
  • Frizinghall (1.8 miles)
  • Leeds Bradford International Airport (6.6 miles)
  • Manchester International Airport (36.9 miles)
  • Robin Hood Airport (38.2 miles)
  • Heysham Ferry Terminal (49.6 miles)
  • Knott End-On-Sea Ferry Landing (51.1 miles)
  • Fleetwood for Knott End Ferry Landing (51.4 miles)

Nearby schools

View all schools in Bradford
  • Princeville Primary School (0.5 miles)
  • Dixons Manningham Academy (0.6 miles)
  • Dixons Music Primary (0.6 miles)
  • Bradford College (0.3 miles)
  • One In A Million Alternative Education (0.8 miles)
  • Training and Skills Centre (1.0 mile)
  • The Home Study Project Co Pakistan Community and Neighbourhood Assoc (0.4 miles)
  • Dixons McMillan Academy (0.5 miles)
  • Elite Grammar School (0.5 miles)
Note: Distances are straight line measurements

Local info for Bradford

About the neighbours in BD7

AskMe Q&A for Bradford

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For more information about this property, please contact
Elite Realty Invest, L2 on +44 151 382 9270 * (local rate)

Monthly running costs Beta

£362 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,200
Repayment term 25
Interest rate 1.5
Your payment £187 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £40,000 Average insurance cost £10/mo (£119/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £19 Electricity £26 Estimated energy cost £45/mo

Similar properties could save up to £158

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6500 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Bradford

Estimated tax band A Council tax cost £99 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £9 Sewerage £12 Estimated water cost £21 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Elite Realty Invest about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Elite Realty Invest, and do not constitute property particulars. Please contact Elite Realty Invest for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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