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Property Listing Details

Property details

  • 1 bedroom

Features

  • No Stamp Duty
  • Cash buyers
  • 8% net rental income
  • Immediate rental income
  • Fantastic Location
  • Huge student market
  • Fully furnished

Listing view statistics

Last 30 days: 231 page views

Description

Complete Development Offering Immediate Rental Income! Guaranteed Rent For 3 Years! No Stamp Duty! No Agency Fees!

*Is this property completed?*
Yes, this new build development is completed and ready for immediate purchase.

*What is the rental income?*
Investors are guaranteed an 8.5% net rental return for the first 3 years. This means that you will receive 8.5% of the purchase price per year - (£355 per month), this is assured for you - careless of whether the apartment is tenanted or not. The rental return is net of expenses so already includes management fees and service charge.

*Do I need to find my own tenant?*
No, this is a fully managed 'armchair investment' that will be managed by a leading management company in the area, who have ties to the local universities and scope to find the best tenants available. They will take care of everything for you.

*What happens after the guarantee period?*
You are expected to continue receiving the same amount of profit each month, all that changes is that there is no longer an obligation to ensure you have this - much like any other buy to let investment.

*Can I sell whenever I like?*
Yes, you can sell whenever you like either during or after the 3 year guarantee.

*How do I purchase an apartment?*
Get in touch for the latest availability list and brochure, if you find an apartment you like, you will then need to pay a £5,000 reservation fee to secure this apartment. After that, the purchase moves to your solicitor to arrange the exchange of contracts. Once you have completed, your rental income will start immediately.

*What are the apartments like?*
This is a brand new development so all units are modern and high specification, with beautiful furniture packs to appeal to tenants. On-site there are games rooms, study rooms and a gymnasium to further add to the appeal.

*Do I need to pay stamp duty?*
No, as this is a student property you are exempt from stamp duty. You do however, need to be a cash buyer.

Please enquire today for the full information and brochure.

Map & Nearby

Local Amenities

  • Bradford Forster Square 0.3 miles
  • Bradford Interchange 0.6 miles
  • Dixons Manningham Academy 0.4 miles
  • Green Lane Primary School 0.5 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Bradford Forster Square 0.3 miles
  • Bradford Interchange 0.6 miles
  • Dixons Manningham Academy 0.4 miles
  • Green Lane Primary School 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in BD1:

  • £129,968
  • Price increase

  • £4,708
  • (3.759%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £56,899
  • Properties sold

    15

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in BD1 is currently:

£438 pcm

Recent sales nearby

See all recent sales in BD1
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Estimated running costs

Based on available 3rd party data

Approximate costs
£
per month

Mortgage calculator

£ per month

How much could I borrow?

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

These results are not provided by Bankrate and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided, your lenders criteria and your personal circumstances. The interest rate has also been assumed to stay the same for the selected mortgage term.

The Agent

Price history

Sold prices provided by Land Registry
10th Feb 2020 £50,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Property and Invest. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Property and Invest for full details and further information.