The Xchange, Buy-to-Let Investment in Bradford

Bradford      Residential Property     

Properties from £55,950 - £79,450

Generous room sizes
Low purchase prices
Delivery Summer 2019
Directly opposite the Westfield Shopping Centre
Fantastic city centre location
250 year lease
Modern properties with furniture packs available

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Overview

The Xchange, Property Details

 

The Xchange presents a brand new residential buy-to-let property investment opportunity in a prime city centre location in Bradford. The property is currently undergoing a substantial refurbishment program in an area of significant growth, benefiting from a £35 million re-generation initiative.

 

One bedroom apartments are available from only £55,950 and two bedroom apartments start at £79,450. With average floor sizes ranging from 36m² - 57m² this is one of the most affordable opportunities per m² in the vicinity.

 

 

All units are finished to a high specification and offered with furniture packs available, as well as the option to include a parking space.

 

This is an unrivaled opportunity - not to be missed. Talk to us today about purchasing your preferred unit.


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Property Highlights

The Xchange, Bradford

 

The Xchange presents a fantastic buy-to-let investment opportunity of one and two bedroom apartments in a superb city centre location in Bradford. A limited number of units have become available for investors who wish to secure these great apartments .

 

The apartments are available on a two step payment 50% on exchange and the balance on completion in Summer 2019

 

The Xchange Purchase Highlights

  • One & two bedroom apartments available from only £55,950
  • Completion due Summer 2019
  • Comprehensive refurbishment program currently underway
  • Fully managed properties by experienced management team Harper Brooks
  • Excellent location in the heart of Bradford City Centre
  • Directly opposite the Westfield Shopping Centre site
  • Thriving rental market from a young working population
  • Strong capital growth potential
  • Reserve now for £2,000

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Location

The Location: Bradford

 

Bradford is a city brimming with confidence. Millions of pounds of recent investment has poured into the heart of the city; upgrading public spaces and paving the way for major investment and business opportunities.

 

Vibrant, friendly and creative, Bradford has a lot to offer. With lively nightlife, cinemas, sporting venues and cultural attractions there is a lot that attracts many students and tourists to the area.

 

Located in West Yorkshire, 8.6 miles west of the city of Leeds, Bradford’s cultural diversity makes the city an exciting place to work and live. It is the world’s first UNESCO city of Film, home to the National Media Museum and has been voted the UK’s Curry Capital for 3 years running. There is something to offer every lifestyle.

 

Bradford is a major powerhouse in the economic advancement of Yorkshire, being the third largest contributor in the county, after Leeds and Sheffield, with a forecast of £9bn by 2016. This status has seen a major investment and development in the city, including a prestigious £260 million Westfield Shopping Centre, due for completion in November 2015.

 

The Broadway Shopping Centre, part of the iconic Westfield shopping family, is located directly next to The Xchange, offering residents a living experience like no other. Leading high street shops, fitness and leisure facilities, top restaurants, bars and cafes will, quite literally, be on the residents' doorstep - offering a fantastic place to live.

 

The district itself is both culturally rich and commercially diverse, offering a wealth of listed architecture, galleries, restaurants, independent outlets and UNESCO heritage sites, including the award-winning National Media Museum, Salts’ Mill, Alhambra Theatre and Bronte Parsonage.

 

Bradford Tourism

 

Bradford is home to the National Media Museum, which boasts a collection of over 3.5 million items of historical significance from the world of media including photography, cinematography, television and new media collections. The Media Museum is also home to a five-storey-high IMAX cinema screen showing the latest 3D blockbusters in stunning quality which is the UK’s first of its kind.

 

Bradford also plays host to the Alhambra theatre, which is regarded as the North’s premier touring venue, regularly hosting a variety of performances from ballet to West End Musicals. It’s neighbour, the 1500 capacity St George’s Hall is also a regular stop for touring comedians such as Jack Dee and Al Murray and musicians including Mumford and Sons and Paul Weller. 

 

The city is also famous for its sporting accomplishments including Bradford City Football Club’s recent trips to Wembley in both the Carling Cup Final and League Two Playoff Final, which saw the team promoted into League One for the 2013-2014 season. The Valley Parade stadium is filled with a barrage of enthusiastic and friendly supporters on a weekly basis. 

 

In rugby league the Bradford Bulls are regarded as one of the top clubs in the sport, regularly playing Super League matches at their 26,000 capacity Provident Stadium, which is known as the ‘Wembley of the North’ and is also host to a variety of entertainment including live music. Bradford is also home to several other sporting teams including Bradford Dragons (Basketball), Bradford Bears (American Football), and Bradford Bulldogs (Hockey).

 

Why Invest in Bradford property?

 

Bradford is large, young and expanding rapidly. With an unrivalled location at the heart of the UK, world-renowned universities and competitive property prices, Bradford is fast becoming the "HQ destination of the North".

 

Bradford's city ventre has been the focus of major investment and a key driver for growth across the city. Over recent years, the city has received in excess of £60million investment from the private sector, complimented by a further £35 million investment in the public realm.

 

The city's local authority has made the redevelopment of the city centre a key priority through the "City Centre Growth Zone", so with vast amounts of investment being ploughed into the city - now is the perfect time to invest in Bradford.

 

Property in Bradford presents an affordable, quality standard of living and its migrating population has made the city one of the UK's top residential property hotspots in the country. Attractive by location and price, there's a growing demand for property in the area - making it a perfect location for capital growth investments.



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Financial Overview

Rental Return

 

The rental rate for a one bedroom apartment in the Xchange is estimated at £400 - £450 pcm.

The rental rate for a two bedroom apartment in the Xchange is estimated at £550- £600 pcm.

Ground Rent is £400 for a one bedroom apartment and £450 for a two bedroom apartment.

The project is currently in administration. Only one property was unsold, apartment 618. There are a number of additional properties which are likely to become available as original investors decide not to proceed.

The rescue plan is now fully funded via additional funding from original investors plus the sale of a small number of additional properties which may become available.

New investors will be required to pay a non refundable deposit of £2,000. On exchange of contracts, the client will pay 50% of the purchase price, with the balance on completion.
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Properties for sale within The Xchange:

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