Apartment 20, 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.

Accommodation

Studio apartment; generous open-plan accommodation with modern kitchenette; modern shower room

Location

There is a great range of amenities 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.

Investment Analysis

Completed sales at the same address range from £40,500 to £66,000, with the two most recent recorded sales at £57,000. These may not be identical to Apartment 20, and lease terms, service charges and the subject flat's precise sale condition are not supplied. A base GDV of £57,000 is therefore used, with an evidence-based range of £40,500–£66,000.

Investment Snapshot

Strategy Recommendation

Potential high-yield BTL, subject to confirming the tenancy, lease length, service charges, building compliance, all auction special-condition costs and the actual rent. Do not rely on the headline yield alone.

Works Required

No specific refurbishment defects are evidenced. Verify the flat's condition, kitchenette, shower room and common parts before bidding; no works allowance can be reliably quantified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £57,000 base GDV, 75% refinancing indicates £42,750 gross borrowing. Cash left in cannot be calculated reliably because refurbishment, service-charge, legal, finance and other applicable costs are unknown. The strategy is highly dependent on confirming the lease, lender acceptability and the actual rent.

Buy-to-Let Analysis

The stated rent is £525 pcm, equivalent to £6,300 pa, producing a 42.0% gross yield against the £15,000 guide price before buyer premium, service charges, management, maintenance, voids, finance and tax. The rent evidence is partly an advertised asking rent, so passing-rent documentation should be checked. A net yield cannot be established because property-level costs are absent.

Flip Analysis

The £40,500–£66,000 same-address completed-sale range provides a broad resale reference, but the comparables may not be the same apartment. A flip surplus cannot be calculated because works, acquisition costs and selling costs are not sufficiently evidenced.

Investor Risks & Due Diligence

• Same-address comparables may not represent Apartment 20 specifically.

• Lease length, ground rent and service-charge liabilities are not supplied.

• Occupancy and tenancy documentation are not supplied despite the stated rental income.

• The £525 pcm rental evidence includes an advertised asking rent rather than solely verified achieved rent.

• Buyer premium is subject to a £2,400 minimum, and additional special-condition fees may apply.

• No reliable refurbishment, total-cost or net-yield calculation is possible from the supplied evidence.

• The property is in a multi-unit building, so common-part and building compliance matters require verification.

Recommendation

Potential high-yield BTL, subject to confirming the tenancy, lease length, service charges, building compliance, all auction special-condition costs and the actual rent. Do not rely on the headline yield alone.

Strategy Rating

Analysis Confidence

There is useful same-address sales evidence and stated rent, but the subject's tenure, lease, occupancy, service charges, condition, applicable fees and exact comparable-unit identity are unknown.