The Property Market in Bradford
Bradford is a hidden gem of the north of England. It has its unique blend of the West Yorkshire countryside and urban city living. It is part of the West Yorkshire Urban area, which is the 4th largest in the UK. It has great transport links and proximity to the Northern Powerhouse Cities, especially its close neighbour – Leeds.
Although Bradford may not be a well-known city for overseas property investors, there are several new developments currently underway, and the city has a strong student population seeking affordable living spaces and accommodation. The property for sale in Bradford we have on offer is relatively affordable, which boosts its appeal for first-time buyers. The latest data from Zoopla says that the average price of a Bradford home for sale from £154,000. This is a rise of 4% compared to the previous year. Terraced houses sold during that time for an average of £110,959 while flats sold for an average of £82,741.
The comparatively low-priced mortgages and rents attract young professionals to Bradford, making it an attractive option for investors seeking good returns. The city's location between major northern cities, Leeds and Manchester, with easy access to the capital and the rest of the country, makes it an excellent choice for those seeking affordable housing options.
Bradford boasts excellent transport links, with Leeds Bradford Airport located only six miles away, and Manchester airport just an hour's drive away. The Office of National Statistics (ONS) reports that the average property price in England is just over £288,000, indicating an 11.5% increase in house prices over the last year. Comparatively, Bradford's home prices are rising faster than the national average, making it an attractive option for property investors.
Regeneration plans in Bradford include improving the city's infrastructure and continuing development plans in the city centre, making it an attractive option for those seeking to invest in properties in Bradford. The city offers many benefits to residents, including a culturally advanced, historic city with much to offer.
With the HS2 project underway, Manchester will be just 20 minutes away via train, making it an excellent opportunity for investors seeking apartments in Bradford. The initiative is predicted to boost Bradford's economy by £15 billion by 2069, and the knock-on effect on house prices will be significant. Investing in properties in Bradford is a wise decision, as the region's yields are projected to increase due to the city's improving infrastructure and facilities.
In conclusion, Bradford is a city with immense potential for property investment, and it offers a unique blend of countryside and urban living, making it an attractive option for both investors and residents. For those seeking apartments for sale in Bradford, there are several options available, and with the city's excellent transport links and proximity to major northern cities, it is an excellent opportunity for those seeking affordable housing options.
Developments Map View
Bradford is now a young and vibrant city having gone through a period of de-industrialisation but now Bradford now has one of the strongest economies in the region.
Savills says that over the next five years, Bradford and the surrounding region will see a 21.6% growth in population.
Investment yields are high.