Studio Flat For Sale £25,000
Yieldit are pleased to offer to the market this opportunity to invest in tenanted student investment property in the popular Horton House development. An entire cluster of six student pods is available to purchase, with fantastic net yields of up to 7%. The six ensuite rooms are each fully furnished with a ¾ bed with handy storage, study desk, chair and chest of drawers. Within the cluster are fully equipped communal kitchen and lounge facilities. The development also boasts a free on-site gym, secure gated entrance and professional on-site management.
Horton House is positioned in Bradford’s designated Learning Quarter and student village, just yards away from The University of Bradford and Bradford College – the fourth largest in the country. Bradford’s University is well regarded as a technology university, which undertakes important research and partners with leading companies. The institute is one of the UK’s top ten universities to study medicine, pharmacy and physiotherapy and is the third best to study ophthalmics. Its Pharmacy course ranked best in the top 250 universities in the world for Pharmacy & Pharmacology 2019 and best in the country in 2020.
Bradford is the third largest city in Yorkshire and is just a few miles west of Leeds. It’s an exciting student city, with lots to see and do and a population of over half a million people speaking around 70 different languages. The city’s thriving economy is worth over £9.5billion, making it the eighth largest in the whole of England, with several major organisations such as Morrisons and Yorkshire Building Society basing their headquarters there so it’s an excellent location for investment.
Financial Breakdown
Gross rent: £3,840
Ground rent: £592
Service charge: £1,013
Lettings fees: £346
Net income: £1,890
Gross yield: 15.36%
Net yield: 7.56%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06880
Horton House is positioned in Bradford’s designated Learning Quarter and student village, just yards away from The University of Bradford and Bradford College – the fourth largest in the country. Bradford’s University is well regarded as a technology university, which undertakes important research and partners with leading companies. The institute is one of the UK’s top ten universities to study medicine, pharmacy and physiotherapy and is the third best to study ophthalmics. Its Pharmacy course ranked best in the top 250 universities in the world for Pharmacy & Pharmacology 2019 and best in the country in 2020.
Bradford is the third largest city in Yorkshire and is just a few miles west of Leeds. It’s an exciting student city, with lots to see and do and a population of over half a million people speaking around 70 different languages. The city’s thriving economy is worth over £9.5billion, making it the eighth largest in the whole of England, with several major organisations such as Morrisons and Yorkshire Building Society basing their headquarters there so it’s an excellent location for investment.
Financial Breakdown
Gross rent: £3,840
Ground rent: £592
Service charge: £1,013
Lettings fees: £346
Net income: £1,890
Gross yield: 15.36%
Net yield: 7.56%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06880
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