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1 bed flat for sale

£85,000 (£251/sq. ft) Fixed price

57-59 Wells Street, Bradford BD1

1 1 338 sq. ft*
Interested in this property? Call +44 20 8033 9433 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Central heating
  • Double glazing
  • Wood floors

Property description

This is the price of one one-bedroom apartment with net roi of £5,950 per annum.
Park House is perfectly suited for tenants looking to live in the city centre. They will be on the door step to the brand new £260 million Broadway shopping centre, some of the city's best bars and restaurants and a short walk away from the University of Bradford.

The development offers the best high-end accommodation in the area along with a fantastic location, thereby appealing to tenants who are looking for quality apartments. Based on the city's strong demand for private rented accommodation there is an anticipation for extremely high demand from culturally-aware young professionals in the city centre.

Bradford is a major business hub of the Northern Powerhouse, Bradford boasts the 8th largest economy in England and is forecasted to grow by 25% over the coming decade. The 17,600 businesses in the city have created an entrepreneurial, digital-focused business environment employing 198,600 people. Some of the big name corporations based in Bradford include Morrisons, Provident Financial Group, Yorkshire Building Society, Hallmark Cards and Santander.

The city has bene ted from over £1bn of investment in recent years, including the £260m Broadway Shopping Centre which created 3,000 jobs and gave a £500m boost to the economy (). Another notable investment was the recent £21.96m put into broadband infrastructure, which gave 97% of households and businesses high-speed bre broadband (Invest Bradford). Upcoming projects include Canal Road regeneration corridor (planning stage) and the City Plan for regeneration of the centre focused on business and entrepreneurship, learning, urban living, transport and experience.

Service charge: £50 pcm
Ground rent: £250 per annum

Optional car park: £7,500
Furniture: Studio £2,650, one bed £2,850, two bed £3,850

Investment Highlights
- Hands off investment
- 7% assured rent for first 2 years
- Optional Car park spaces
- Completion Q4 2018
- 250 years lease
- Located in City Centre opposite £260 million 'The Broadway' shopping centre
Market activity
Average price paid £68,341 Sales 31 Current average value £134,518 (Zoopla Zed-Index) Value change £5,290 ▲ 4.09%

Property value data/graphs for BD1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £184,663 - 5.0 £65,000
Semi-detached £354,983 - 4.0 £150,000
Terraced £150,091 £97 4.7 -
Flats £130,843 £191 1.6 £65,641

Current asking prices in BD1

Average: £66,881
Avg. current asking prices in BD1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £16,500
(2)
£74,995
(1)
- £150,000
(1)
£125,000
(1)
Flats £58,573
(75)
£75,605
(35)
£155,000
(1)
- -
All £57,480
(77)
£75,588
(36)
£155,000
(1)
£150,000
(1)
£125,000
(1)

Current asking rents in BD1

Average: £461 pcm
Avg. current asking prices in BD1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £335 pcm
(9)
£404 pcm
(3)
- - £247 pcm
(1)
Flats £409 pcm
(93)
£579 pcm
(65)
£862 pcm
(6)
- £1,278 pcm
(1)
All £402 pcm
(102)
£571 pcm
(68)
£862 pcm
(6)
- £762 pcm
(2)

Fun facts for BD1

Highest value in BD1
Highest value streets Zed-Index
Ivegate £241,135
Peckover Street £175,811
Hallfield Road £173,543
Spring Gardens £173,531
Stone Street £168,221
Highest turnover in BD1
Highest turnover streets Turnover
Scoresby Street 17.1%
Manor Row 16.2%
Upper Park Gate 9.1%
Darfield Street 9.1%
Hallfield Road 8.3%

What Zoopla users think of Bradford

Overall rating:

  • currently 2.5 stars
Average - 50% (721 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 Interchange (0.2 miles)
  • Bradford Forster Square (0.3 miles)
  • Frizinghall (2.0 miles)
  • Leeds Bradford International Airport (6.1 miles)
  • Manchester International Airport (37.4 miles)
  • Robin Hood Airport (37.6 miles)
  • Heysham Ferry Terminal (50.3 miles)
  • Knott End-On-Sea Ferry Landing (51.8 miles)
  • Fleetwood for Knott End Ferry Landing (52.2 miles)

Nearby schools

View all schools in Bradford
  • Rainbow Primary School (0.5 miles)
  • Barkerend Academy (0.5 miles)
  • Westminster Church of England Primary Academy (0.7 miles)
  • Training and Skills Centre (0.3 miles)
  • Bradford College (0.6 miles)
  • One In A Million Alternative Education (0.9 miles)
  • Elite Grammar School (0.6 miles)
  • Carlton Bolling College (0.7 miles)
  • Olive Secondary (0.7 miles)
Note: Distances are straight line measurements

Local info for Bradford

AskMe Q&A for Bradford

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Fraser Properties, IG11 on +44 20 8033 9433 * (local rate)

Monthly running costs Beta

£372 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,500
Repayment term 25
Interest rate 1.5
Your payment £305 /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.

Energy

Gas £22 Electricity £24 Estimated energy cost £46/mo

Similar properties could save up to £154

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

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 Fraser Properties 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 Fraser Properties, and do not constitute property particulars. Please contact Fraser Properties 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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