Flat 1, 10 Quebec Street, Bradford, West Yorkshire BD1 2ER

Description

High-yielding residential investment comprising a studio apartment generating £600pcm (£7,200pa) via an AST with a 12-month term from December 2025.

Accommodation

Studio apartment

Location

The property is located fronting Quebec Street, which is accessed via Thornton Road (B6145). The nearby Godwin's Street joins the A641 which provides wider road links and joins the M606. The property benefits from its central location in the heart of Bradford city centre, with an extensive range of amenities nearby including community, education, and medical facilities, restaurants/bar, and green space.

Tenure / Property Information

Investment Analysis

The strongest supplied completed sale is £52,000 at 12–14 Quebec Street in January 2024. Other same-street/building evidence ranges from £33,000 at 10 Quebec Street in August 2022 to £60,000 at 12–14 Quebec Street in March 2022. These are not confirmed sales of Flat 1 and vary by unit, date and possibly specification, so £52,000 is a cautious base GDV rather than a formal valuation. A supported evidence range is £33,000–£60,000.

Investment Snapshot

Strategy Recommendation

Investigate as a potential income-led BTL or BRRR purchase only if the AST, title, lease, service charges, arrears position and special conditions are satisfactory. Do not rely on the headline yield or GDV until the legal pack and property-specific valuation are verified.

Works Required

No refurbishment works are evidenced. Allowance should be confirmed only after reviewing the legal pack, inspection information and any tenancy or management documentation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £52,000 base GDV, 75% refinance is approximately £39,000. Against the £10,000 purchase price and £2,400 minimum buyer premium, this indicates approximately £26,600 of capital remaining before finance, tax, legal costs, works and other charges, assuming the valuation and refinance are achievable. The calculation is highly sensitive to the unconfirmed lease, valuation, lender criteria and additional auction costs.

Buy-to-Let Analysis

At the £10,000 guide, the stated £600 pcm AST rent produces £7,200 per year and a headline gross yield of 72%. Including the £2,400 minimum buyer premium produces a calculated gross yield of approximately 58.1% before finance, tax, management, maintenance, service charge and other costs. The rent is stated as passing rent under an AST, but no external rental comparables, tenancy terms beyond the stated 12-month term, lease details or operating costs are supplied.

Flip Analysis

A potential gross value uplift exists between the £10,000 guide and the £52,000 base GDV, but no condition, refurbishment budget, selling allowance, legal costs, finance costs or confirmed Flat 1 comparable is supplied. A reliable flip surplus therefore cannot be calculated. The comparable evidence supports a broad £33,000–£60,000 value range only, not a guaranteed resale price.

Investor Risks & Due Diligence

• The tenure and lease details are not supplied, preventing assessment of lease length, service charges, ground rent and mortgageability.

• The £600 pcm rent is stated under an AST but no external rental comparables or detailed tenancy terms are provided.

• The completed sales are for 10 or 12–14 Quebec Street and are not confirmed sales of Flat 1, with a wide price range and differing sale dates.

• The buyer premium is subject to a £2,400 minimum at the £10,000 guide, and additional auction or special-condition costs may apply.

• No condition, EPC, council tax, heating, parking or refurbishment information is supplied.

• A 75% refinance assumption is illustrative only and depends on lender valuation, lease and underwriting criteria.

Recommendation

Investigate as a potential income-led BTL or BRRR purchase only if the AST, title, lease, service charges, arrears position and special conditions are satisfactory. Do not rely on the headline yield or GDV until the legal pack and property-specific valuation are verified.

Strategy Rating

Analysis Confidence

The passing rent and auction charges are supplied, but the property tenure, lease terms, condition, operating costs, property-specific comparable evidence and additional fees are incomplete.