0 bed Block of flats (for sale) Laisteridge Lane, Bradford BD5

£3,000,000
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Equity Investments
25 Canada Square, Canary Wharf, London, Canada Square, London
020 3641 7636
First Published

28th Jul 2021

Last Published

9th Sep 2021

 

Features

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

Description

Dennis Bellamy 13.5% yeild


-summary-


169 rooms in total (arranged in a typical cluster; flats per floor plans). Building has a lift and a total of 8 floors

157 x Standard room (113 sqft)
9 x En-suite rooms (113 sqft)
2 x 2 bed flats (765 sqft)

All rooms inc. Heating, hot water, wi-fi, gas + electric - shared kitchen facility on each floor

Value add;

*Rooms do need a light refurb
*Management on-site
*Security on-site
*Parking facility on-site
*Modern shared kitchen facility
*New boilers on each floor
*8-10 mins walk to Bradford University & town center
*Plenty of shops, restaurants and cafes in the local area (walking distance)
*Gym 3 mins walk

-Financial-

Monthly income based on 100% occupancy £33,800.00
Annual Income based on 100% occupancy £405,600.00

Running cost 2020/2021
Maintenance Cost: £8,000.00
Management Fees: £6,500.00
Gas: £13,589.64
Electric: £15,367.80
Water: £11,972.76
Total Cost £55,430.20

 

Local info for BD5

 

Property Value Data/Graphs for BD5

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 48.1% £94,779 3 1.1
Semi-detached house 24.7% £150,123 3.3 1.4
Detached house 8.6% £292,143 5.7 3.4
Block of flats 4.9% £2,237,500 0 0
End terrace house 4.9% £111,250 3.8 1
Other 3.7% £109,833 2.7 1
Land 2.5% £182,500 0 0
Flat 1.2% £55,000 2 1
Town house 1.2% £249,950 3 2

Area Information

Average Price Paid

£86,098

Sales

1152

Current Average Value

£236,275

Value Change

£150,177 174.4%

 

Current Asking Prices in BD5 Average: £236,275

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £44,500 (2) £75,681 (19) £117,545 (30) £159,063 (16) £306,667 (3)
Flats - £55,000 (1) - - -
All £44,500 (2) £74,647 (20) £117,545 (30) £159,063 (16) £306,667 (3)

Nearby Properties

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