0 bed Block of flats (for sale) Cornwall Terrace, Bradford BD8

£500,000
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Urban Soul Property
Onward Chambers, 34 Market Street, Hyde
0161 506 8249
First Published

12th Jul 2021

Last Published

14th Jul 2021

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

***residential planning for 24 apartments now approved*** 2 additional units in planning - 12 x Studios & 13 x 1 bed and 1 x 2 bed. Once developed the potential to generate substantial revenues could be achieved. Based upon are own projections we forecast the following revenues:

Option 1: 26 x Apartments at £375 pcm equates to £117K income per annum.

Option 2: 32 x Student pods at £75 per week equates to circa £115K per annum.

Bradford Council can offer substantial incentives for this type of accommodation. Full details can be provided on request.

University of bradford & college indicate high demand for purpose built student accommodation!

As can be seen this solid and expansive building & offers many options to the savvy investor along with substantial revenue returns by way of development. This could be via mixed Residential/Commercial and/or Liesure considering its close proximity to Valley Parade - Bradford City football ground.

Call now!

In short, this is a superb property which offers a fantastic return on investment.

So don't delay: Call today for more details!

Disclaimer - Urban Soul Property believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

 

Local info for BD8

Floor plan

 

Property Value Data/Graphs for BD8

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 45.7% £90,857 2.9 0.9
Semi-detached house 17.3% £196,064 4 1.6
End terrace house 8.6% £112,850 3.7 0.7
Flat 8.6% £55,121 2 1.1
Other 6.2% £150,800 1.6 0.8
Town house 3.7% £108,332 2.7 1.3
Cottage 3.7% £104,998 2.3 1
Detached house 2.5% £354,998 4.5 3
Land 1.2% £10,000 1 0
Bungalow 1.2% £184,995 3 0
Semi-detached bungalow 1.2% £215,000 4 0

Area Information

Average Price Paid

£103,500

Sales

1082

Current Average Value

£120,943

Value Change

£17,443 16.9%

 

Current Asking Prices in BD8 Average: £120,943

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £150,500 (2) £65,828 (21) £122,018 (22) £157,226 (17) £205,706 (7)
Flats - £55,121 (7) - - -
All £103,667 (3) £63,151 (28) £122,018 (22) £157,226 (17) £205,706 (7)

Nearby Properties

0 bed Block of flats () Midland Mills, Silver Street, Water Lane, Leeds LS11 £4,046,000
1 bed Land () Hipperholme, Halifax HX3 £4,000,000
0 bed Block of flats () Laisteridge Lane, Bradford BD5 £4,000,000
8 bed Detached house () Scotland Lane, Horsforth, Leeds LS18 £3,500,000
0 bed Block of flats () Laisteridge Lane, Bradford BD5 £3,200,000
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