prices from £152,941
Chapel Street is an excellent opportunity to invest in an income-generating block of 84 apartments in the booming West Yorkshire city of Bradford that is currently generating an impressive 8.5% yield, with each unit generating £250 per week. This newly refurbished property benefits from an excellent location in the city centre and consists of 84 apartments.
One of the most unique aspects of investing at Chapel Street is that it is currently being leased to the non-profit housing company Yale Housing Association Limited under a fully internally repairing insurance (FIRI) lease that also includes annual Consumer Price Index (CPI) increases, and with the national CPI rising at an unprecedented rate in recent years, the scope for growth in rental income through CPI increases is extremely high. Chapel Street has recently been refurbished to an extremely high standard and makes for an excellent investment.
Why invest in Bradford?
Located in West Yorkshire in the North of England, Bradford is a vibrant city that has a rich and diverse culture. The city has seen a resurgence in recent years and is currently undergoing a 10-year regeneration program to give the city a new lease of life.
Bradford is home to a reputable university that has attracted a young and enterprising population. According to data from Bradford City Council, 7 out of 10 people living in Bradford are under the age of 50 and 20% of the city district’s population are under the age of 20. Bradford is currently undergoing a 10-year regeneration program that is aiming to boost the city’s economy, improve connectivity to other areas of the country and improve areas within the city centre which, as a result, will improve the property market in the city.
Nearby Transport links and Amenities