5 bedroom flat for sale

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5 bedroom flat for sale

Longside Lane, Bradford, BD7
£80,000

Price History

Initial price £140,000
17/01/24 £110,000
02/02/24 £90,000
08/03/24 £85,000
03/04/24 £75,000
27/06/24 £80,000
Price Change -42.86%

Description

**Summary:** This investment property offers a lucrative opportunity with a high yield of 15% in a prime student accommodation location. The property features 5 self-contained bedrooms with en-suites, a spacious communal kitchen/dining area, a laundry room, and a communal lounge with a pool table. The property is professionally managed with a manned reception and an on-call emergency contact, ensuring high standards of maintenance and tenant care. With a long lease of 199 years from 2008, the property benefits from a manageable service charge and ground rent, ensuring a stable income stream. The current rental income for each room is £90-£95 per week, generating a total of £18,114 per annum as of January 1, 2024. This makes it an attractive investment for those looking to capitalize on the student housing market.