Broadway Residence

Description:
Broadway Residence is a refurbishment development scheme providing an essential living environment for the people of Bradford. The scheme consists of 59 individual residential units split into studios, one-bedroom and two-bedroom apartments. The developer is offering a 10-year rental guarantee on all unit sizes in partnership with Dream Apartments.

Investment Highlights: 7.5% gross returns, 10 year rental guarantee with Dreams, Growth forecast of 15.9% over build period

Location Highlights: The Bradford property market is relatively cheap, landing at £164,210. Strikingly low, especially compared to the UK's £281,161 Average Bradford is exceptionally well-connected to Leeds, Harrogate, York and Manchester. All an hour or less from the city centre Those selecting Bradford's buy-to-let market will be exposed to impressive yields of 5% from the average rent of £684.20 PCM. The rental yield here is 1.37% above the calculated UK national average. One of the top BTL hotspots in the UK right now, Bradford's economic and in-demand real estate market presents investors with a fantastic chance to purchase low-cost property before the region experiences the 28% increase predicted by industry experts Savills. Professional residents seeking city-centre urban living have a significant demand for rentals due to the economy's and population's rapid growth. One of the UK's youngest populations adds to this demand among students and recent graduates. The city appears to be on track for continued growth with the Northern Powerhouse's ongoing development, which will be greatly aided by the potential introduction of the Northern Powerhouse Rail project, which is expected to improve transportation connections to the rest of the UK and generate an estimated £15 billion.

Property Highlights: Broadway Residence is a centrally located residential development consisting of a collection of only 59 studio, 1-bedroom, and 2-bedroom apartments. The development will retain its unique contemporary style, and apartments will be finished to a high standard with a minimalist design, which is also ideal for the short-term rental market. The apartments feature fitted kitchen units with a high gloss finish, impeccable en-suite bath & shower rooms, and premium quality flooring. There are satellite TV and telephone outlets in the living room and bedrooms. There is a secure intercom entry system for all apartments.

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