Affordable central buy with immediate rental income potential.
Long lease: 183 years remaining, secure tenure
Currently tenanted at £450pcm on rolling contract
Asking price £34,000 — low-entry investment
Requires modernisation; cosmetic and heating upgrades needed
Electric room heaters; no central heating installed
Service charge £825pa; ground rent £250pa
Small footprint ~366 sq ft, lower-ground level
Local area: central, student neighbourhood, very high crime
Priced at £34,000, this lower-ground one-bedroom flat in central Bradford offers a low-entry investment with immediate rental income. It is currently tenanted on a rolling contract at £450pcm, making it suitable for investors seeking cashflow or buyers wanting an affordable city base. The building dates from before 1900 and retains a classic stone exterior.
The accommodation is compact (approximately 366 sq ft) with an open-plan living/kitchen, one bedroom and one bathroom. The flat needs modernisation and has electric room heaters rather than central heating, so expect cosmetic and heating upgrades to improve comfort and rental value. Double glazing is present but install date is unknown; the building walls are stone with assumed lack of insulation.
Practical details support lettings: long lease (183 years remaining), modest ground rent (£250pa) and a service charge of £825pa (includes building insurance). Broadband speeds are fast and mobile signal excellent, and there is no flooding risk. Note the local area is classified as a cosmopolitan student neighbourhood with very high crime and high area deprivation; these factors affect tenant profiles, yields and management considerations.
This property suits budget-conscious landlords or buyers prepared to refurbish for stronger returns. It’s attractively priced for central Bradford proximity, but buyers should factor in renovation, safety considerations and management needs given the neighbourhood profile.
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