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£80,995 Guide Price
Bedrooms
Bathrooms
Welcome to this stunning 1-bedroom apartment nestled in the heart of City Exchange, Bradfords vibrant city centre. This fully furnished property is a fantastic investment opportunity, currently tenanted, offering immediate returns. Situated in a prime location, this apartment is surrounded by an array of amenities and conveniences, making it an ideal choice for urban living.
Boasting a modern interior, the apartment features a spacious bedroom, a well-appointed bathroom, and a stylish living area, creating a comfortable and inviting living space. The property is strategically located within close proximity to some of the most sought-after educational institutions, including Skills Link Training (0.26km), Hair Academy By T G I (0.28km), and Advanced Technology Centre (0.46km), providing excellent options for families with young children.
Furthermore, the University of Bradford (0.82km) and Bradford College (0.63km) are just a short distance away, making it an ideal residence for students or academics. Additionally, the apartment is conveniently situated near a variety of supermarkets, restaurants, and shopping centers, such as Alyonka & Aryana (0.48km), Premier Vision Opticians (0.54km), Sing Kee Supermarket (0.67km), Junoon Cafe (0.83km), Oastler Shopping Centre (0.52km), and Manningham Lane Retail Park (0.86km), ensuring that all daily needs are within easy reach.
The property benefits from excellent transport links, with the Bradford Interchange (0.23km) and Bradford Forster Square (0.51km) railway stations nearby, providing convenient access to the surrounding areas. Residents can also enjoy a diverse range of leisure and entertainment options, with fitness clubs, nightlife spots, cinemas, and theaters in close proximity.
For healthcare needs, several hospitals, doctors offices, pharmacies, and even a library are located within a short distance, offering convenience and peace of mind. The property is also surrounded by beautiful parks and recreation areas, providing residents with opportunities for outdoor activities and relaxation.
Dont miss out on the chance to own this exceptional property in a thriving and dynamic location. Whether youre a discerning investor or a buyer seeking a convenient and comfortable urban lifestyle, this apartment presents an unmissable opportunity to live, work, and thrive in the heart of Bradfords bustling city centre.
The apartment comes with an underground parking space.
Current Rent
GPB 450, Potential to increase toGBP 525.
Leasehold Term
118 Yearsremaining.
Ground Rent
GBP 125 PA
Service Charge
1493.23
Parking Service Charge
27.47
Ref: 2051
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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