Flat 18, Treadwells Mill, Upper Park Gate, Bradford, West Yorkshire BD1 5DW

Description

Second floor apartment with one bedroom. A tenanted apartment with one-bedroom. The property is sold with a tenant in situ paying £495pcm. The tenancy is on a periodic contract. The total approximate floor area, taken from the EPC is 51m2. All services/appliances have not and will not be tested. The photos were taken in November 2023.

Accommodation

Open plan living room and kitchen, bedroom and bathroom

Location

Well located for a range of amenities in Bradford city centre and transport links.

Tenure / Property Information

Investment Analysis

Same-building completed sales range from £32,000 to £62,000. The most recent evidence is £33,000 on 30 June 2026, with other recent sales at £32,000 and £45,000. A base GDV of £33,000 is therefore used, with £32,000 low and £45,000 high scenarios. The £62,000 sale is older and not relied upon for the base case.

Investment Snapshot

Strategy Recommendation

Consider as a BTL purchase only if the legal pack confirms acceptable service charge, ground rent, lease terms and tenancy documentation. The stated rent produces a strong headline gross yield, but the narrow base valuation margin and unknown leasehold costs weaken BRRR and flip strategies.

Works Required

No specific refurbishment works are evidenced. The flat is tenanted, but services and appliances have not been tested. Allow for inspection, any legally required works and confirmation of the legal pack, ground rent, service charge and tenant position.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £33,000 base GDV, 75% refinance is approximately £24,750. Against the £31,200 base acquisition cost including the buyer premium, indicative cash left in is £6,450 before finance, tax, legal disbursements and any works. Unknown leasehold charges and the absence of a confirmed lender valuation make the refinance outcome uncertain.

Buy-to-Let Analysis

At the stated passing rent of £495 pcm, annual rent is £5,940 and gross yield is approximately 19.8% on the £30,000 guide price, or 19.04% including the £1,200 minimum buyer premium. This is before service charge, ground rent, maintenance, voids, management, finance and tax. No external rental comparables were identified, and the applicable service charge and ground rent are unknown. The periodic tenancy and tenant-in-situ position require legal review.

Flip Analysis

At the £33,000 base GDV, the nominal margin over the £31,200 base acquisition cost is £1,800 before selling costs, finance, tax, legal costs and any works. No supported selling-cost allowance is available, so a reliable flip surplus cannot be established. The tenant-in-situ arrangement may also affect vacant-possession resale strategy.

Investor Risks & Due Diligence

• Service charge and ground rent are unknown and may materially reduce net yield.

• The tenancy is periodic and the tenant is in situ; tenancy terms, arrears and possession position require legal verification.

• Services and appliances have not been tested.

• Additional legal-pack disbursements, search fees, seller-cost reimbursements or transfer fees may apply.

• EPC rating is D.

• The base valuation margin is only £1,800 before selling, finance, tax, legal costs and any works.

Recommendation

Consider as a BTL purchase only if the legal pack confirms acceptable service charge, ground rent, lease terms and tenancy documentation. The stated rent produces a strong headline gross yield, but the narrow base valuation margin and unknown leasehold costs weaken BRRR and flip strategies.

Strategy Rating

Analysis Confidence

There are several same-building completed sales and a stated passing rent, but condition, service charge, ground rent, legal disbursements and external rental evidence are unavailable. The latest comparable supports the base GDV, although the completed-sale range is wide.