Conditioning House, Cape Street, Bradford, BD1 4QG
Price: £119,500
A fantastic opportunity for investors to acquire a well-located two-bedroom apartment within the popular Conditioning House development, a character mill conversion in the heart of Bradford city centre. The property is currently achieving £750 PCM, providing an immediate income with clear scope to increase rents to £800–£850 PCM, in line with comparable local properties.
This attractive apartment combines strong rental demand with long-term investment fundamentals, making it an ideal addition to both new and experienced landlords’ portfolios.
Investment Figures
Purchase Price: £119,500
Current Rent: £750 PCM (£9,000 per annum)
Potential Rent: £800–£850 PCM (£9,600–£10,200 per annum)
Ground Rent: £285 per annum
Service Charge: £1,400 per annum
Lease: Approx. 245 years remaining
Net Yield
Based on the current rent of £750 PCM:
Annual rent: £9,000
Annual costs (ground rent + service charge): £1,685
Net income: £7,315
Net yield: 6.1%
With a rental increase to £800 to £850 PCM, the investment could achieve:
Net yield: approx. 6.6% to 7.1%
Location & Rental Demand
Conditioning House is a well-known historic mill conversion positioned close to Bradford city centre, offering easy access to shops, restaurants, offices and major transport links. The location is particularly attractive to young professionals and commuters, with Bradford’s two main train stations providing convenient connections to Leeds, Manchester and wider West Yorkshire.
The building itself is popular with tenants thanks to its character features, high ceilings and loft-style living, creating a distinctive offering compared with standard modern apartments.
Why This Is a Strong Investment
Immediate rental income with tenant demand
Potential to increase rent to £800–£850 PCM
Healthy net yield of 6%+ with upside to 7%+
Very long lease (245 years remaining)
City centre location in a landmark mill conversion
Strong rental market driven by professionals and commuters
Overall, this property represents a solid, income-producing buy-to-let investment with the potential to enhance returns through modest rental growth.
LET PURE INVESTOR TAKE THE STRAIN AWAY …
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If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel: 0161 337 3890
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