Summary - FLAT 74, LUNAR, 289 OTLEY ROAD, BRADFORD BD3 0EG
1 bed 1 bath Apartment
Low-cost entry with immediate rental income and secure gated parking.
First-floor one-bedroom with open-plan living/kitchen
Currently let at £500 pcm until May 2024 (sitting tenants)
Gated development with secure entry and off-street parking
Well-maintained communal gardens and modern building appearance
Leasehold with 79 years remaining — lender risk possible
Ground rent £500 pa; check service charges and future costs
Council Tax Band A — low running costs
High local crime and very deprived area — affects demand
A compact first-floor one-bedroom in a gated, modern development close to local amenities and transport links. The property is currently let at £500 pcm to secure sitting tenants until May 2024, providing immediate rental income for an investor buyer.
The apartment benefits from off-street parking, well-kept communal gardens, an open-plan living/kitchen with integrated appliances, and low council tax (Band A). The development includes a secure entry system and electric gated access, adding on-site security.
Important considerations: the flat is leasehold with 79 years remaining and a ground rent of £500 (annual). Some mortgage lenders may refuse loans on shorter leases, and prospective buyers should check lending criteria. The neighbourhood records higher crime and is in a very deprived area, which may affect resale and tenant demand.
EPC is awaiting assessment. The layout and current tenancy make this best suited to an investor seeking immediate yield or a buyer able to purchase cash or arrange specialist lending. Viewings by appointment only; purchasers should factor in lease length and ground rent into affordability and exit plans.
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