Compact city lot with long lease, ready for auction buyers.
240-year lease remaining (approx)
Offered for sale at auction, this one-bedroom leasehold flat sits within a contemporary multi-storey block in a busy, student-focused part of Bradford. The property is marketed as a student studio with communal kitchen facilities, a double bedroom area, shower room and pre-installed TV connections in the living area. The long lease (approx. 240 years) and advertised rental income (£4,590 pa) make it suitable for investors seeking a low-entry-priced lot.
Buyers should note material risks: the sale is by auction and the property is offered as seen without an internal inspection. The listing states photos and layout details were provided by the seller and remain unverified; one bedroom image is of a similar room, not the actual flat. There is also an active public notice/repossession on the lot. Service charge (£2,363 pa) and ground rent (£567 pa) are high relative to the guide price and will affect net returns.
Practical positives include a long lease, garage parking, fast broadband and excellent mobile signal, plus no listed flood risk. The block is described as contemporary with recessed lighting and laminate floors, which reduces immediate refurbishment needs, but purchasers should plan for unknown defects and budget for any required works following a full inspection.
This lot is aimed at auction buyers and investors who understand the risks of buying sight-unseen and want a low-entry-priced addition to a rental portfolio. Review the legal pack carefully, verify tenancy/rent details, and factor in the service charge, ground rent and local area issues before bidding.
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