Summary - CONDITIONING HOUSE APARTMENT B07 CAPE STREET BRADFORD BD1 4QG
1 bed 1 bath Apartment
High-yield one-bedroom in BD1 — modern finish, immediate income or vacant option.
Spacious 1-bed — unusually large 1,518 sq ft for apartment living
Generating rental income now — let at £6,000 pa (3-year term from Feb 2023)
Gross yield circa 12% at asking price £55,000
Lower-ground floor — reduced natural light potential
Communal concierge and 24-hour CCTV; modern open-plan finish
Leasehold tenure — buyer to check lease length and service charges
Medium flood risk and very high local crime statistics — insurance considerations
Close to Forster Square, Broadway centre and university — strong rental demand
This spacious one-bedroom apartment in a converted mill within BD1 offers an investor-ready package. The property is presented with modern finishes, an open-plan living/kitchen space and communal concierge/CCTV, and currently produces a strong rental return. It can be sold with the existing tenant or with vacant possession.
Set on the lower-ground of a large mill-conversion building, the apartment measures a notable 1,518 sq ft — unusually generous for a one-bedroom — and benefits from integrated appliances, contemporary fittings and communal facilities. Its location is highly accessible: a short walk to Forster Square interchange, nearby retail and the Broadway shopping centre, and close to the local university, supporting steady rental demand.
Important considerations are factual and material: the property is leasehold, in a postcode area with very high recorded crime and very high area deprivation, and there is a medium flood risk. The apartment is on a lower-ground level, which may reduce natural light and could influence tenant preference and insurance costs.
Financials and tenancy: the unit is fully let on a 3-year term from 20 February 2023 at £6,000 pa (around 12% gross yield at the listed price), offering immediate income for a buyer. It can also be offered with vacant possession should a buyer prefer to relet or reposition the unit.
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