Apartment 12, 4 James Street, Bradford, West Yorkshire BD1 3QG

Description

High-yielding residential investment opportunity comprising a flat generating £525pcm (£6,300pa). The flat is located to the upper floors of 4 James Street, a prominent property situated at the corner of James Street and Godwin Street. There is a great range of amenities on offer nearby in Bradford city centre, including supermarkets, restaurants, community facilities, and green space. Transport links are provided by Bradford Forster Square and Bradford Interchange, both within walking distance, as well as local bus routes and road links via M606 and A6177.

Accommodation

One-bedroom apartment; modern kitchen and open-plan living space; double bedroom; modern shower room; separate W.C.

Location

Located on the upper floors of 4 James Street at the corner of James Street and Godwin Street in Bradford city centre. Nearby amenities include supermarkets, restaurants, community facilities and green space. Bradford Forster Square and Bradford Interchange are within walking distance, with local bus routes and road links via M606 and A6177.

Investment Analysis

The five supplied completed sales at the same address range from £40,500 to £66,000. The median and two most recent sales are £57,000, supporting a base GDV of £57,000, with a cautious evidence-based range of £40,500 to £66,000. The exact apartment, lease terms and sale conditions are not identified, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potentially suitable for buy-to-let or BRRR at or near the guide, subject to confirming the legal pack, tenancy, lease, service charges, title and any special-condition fees. Do not rely on the headline yield if the eventual purchase price rises materially above the guide.

Works Required

No refurbishment works are evidenced. The description states that the apartment has a modern kitchen, open-plan living space, modern shower room and separate W.C. A physical inspection and review of the legal pack remain necessary.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £57,000 base GDV, 75% refinancing equates to £42,750. Against the indicative £17,400 purchase and buyer-premium cost, this implies £25,350 above the stated base cost before finance, tax, lender fees and any other costs. Actual refinanceability depends on valuation, lease terms, lender criteria and tenancy evidence, none of which are supplied.

Buy-to-Let Analysis

At the £15,000 guide, the stated £525 pcm rent produces £6,300 annual rent and a 42.00% gross yield on the guide. Including the £2,400 minimum buyer premium, the indicative total cost is £17,400 and the gross yield is 36.21%. These figures exclude unknown service charge, ground rent, management, maintenance, finance, tax and any additional special-condition fees. No external rental comparables or tenancy details are supplied.

Flip Analysis

Against the £57,000 base GDV, the indicative purchase cost including the minimum buyer premium is £17,400, implying a £39,600 gross difference before selling costs, finance, tax and refurbishment. A supported net flip surplus cannot be calculated because no selling-cost allowance or finance assumptions are supplied.

Investor Risks & Due Diligence

• The subject tenure, lease length, ground rent and service charge are not supplied.

• The £525 pcm figure is stated by the auction evidence, but no tenancy agreement, payment history or external rental comparable is provided.

• The £15,000 figure is a guide price and may not be the eventual purchase price.

• Additional fees may be payable under the Special Conditions of Sale; only the minimum £2,400 buyer premium is included in the calculations.

• The same-address sold comparables may not be identical to Apartment 12, and no detailed comparable attributes are supplied.

• Condition, compliance and repair requirements have not been independently evidenced.

Recommendation

Potentially suitable for buy-to-let or BRRR at or near the guide, subject to confirming the legal pack, tenancy, lease, service charges, title and any special-condition fees. Do not rely on the headline yield if the eventual purchase price rises materially above the guide.

Strategy Rating

Analysis Confidence

Same-address completed sales and stated rent are available, but the subject's tenure, lease, occupancy, tenancy terms, service charges, condition, exact sale history and additional auction costs are not supplied.