Whitehead Place, Bradford.deleted.2018-09-22

3 Year Buy to Let

of £67.5k
Current Investors
36 Months Term
12.3% Below Market Value
18.5% Projected Net Rental Yield
9.7% Projected Growth

Whitehead Place, Bradford

This unique two bedroomed end terraced house is situated in Fagley, a desirable residential location in Bradford and offers excellent accommodation over four floors. As follows:  

Ground Floor

11' 8'' x 11' 7'' (3.55m x 3.54m)
uPVC double glazed window and central heating radiator. 

Storage Room 
7' 7'' x 4' 9'' (2.3m x 1.46m)
Central heating radiator.

First Floor Landing 

A range of wall and base units. uPVC double glazed window and central heating radiator. 

White three piece suite. uPVC Double glazed window and central heating radiator. 

Second Floor Landing 
Central heating radiator.

Master bedroom 
11' 9'' x 8' 8'' (3.57m x 2.63m)
uPVC double glazed window and central heated radiator.

Third Floor Landing 

Bedroom Two 
11' 9'' x 8' 0'' (3.57m x 2.43m)
A double glazed window and central heated radiator

Gates to the front with off street parking.
  It has gas fired central heating and UPVC double glazing.  The property benefits from proximity to many local amenities including schools, shops, supermarkets and has good transport links to Leeds and Bradford city centre.   The property is in need of minor redecoration in order to maximise the potential rental income.   The estimated timescale for the work is 2-3 weeks, with a good finish in preparation for letting, estimated at £450 pcm.  

The property was sold for £80,000 in Oct 2007, prior to the global financial crisis.  We are expecting current prices to rise to at least that level within 3 years. 
However, we cannot guarantee that the property's price will rise in value over this time period.

About the Area

Bradford is in the Metropolitan Borough of the City of Bradford in West Yorkshire, England, in the foothills of the Pennines 8.6 miles (14 km) west of Leeds, and 16 miles (26 km) northwest of Wakefield. Bradford became a municipal borough in 1847, and received its charter as a city in 1897. Following local government reform in 1974, city status was bestowed upon the wider metropolitan borough. Bradford forms part of the West Yorkshire Urban Area conurbation which in 2001 had a population of 1.5 million and it is the fourth largest urban area in the United Kingdom with the Bradford subdivision of the aforementioned urban area having a population of 529,870.  (Ref: Wikipedia)

Further reading:  

Financial Summary

Purchase Costs
Purchase price £57,000 
Acquisition costs £7,240
PTC initial fee (at 5%) £3,210
Total fundraise £67,500

Acquisition Costs
Redecoration £2,000
Stamp duty £1,710
Legal incl disbursements £1,400
Contingency fund £1,200
Photography £185
Valuation fee £300
SPV set-up £150
Insurance (1 year) £345
Total acquisition costs £7,290

Projected Rental Income & Sale Proceeds
Sale price £85,000
Rental income (3% voids) £15,390 

Cost of purchase (£67,500)
Insurance (2 years) (£690)
Agent’s Management fee (£1,944)
Agent’s commission (sale) (£2,040)
Accountancy fee (£600)
Corporation tax (at current rate of 19%) (£5,247)

Projected net gain on sale £22,369 
PTC exit fee (at 15%) (£3,355)
Net profit to shareholders  £19,014

Projected net ROI  (3 years) 28.2%


Further Questions

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Calculate your earnings


With a £1000 investment, we project you could get back £1245, of which £1045 will be paid at a monthly rate of £87 p.m.

Based on 9.7% projected capital growth and 18.5% projected Net Rental Yield.

Historic house prices are not a reliable indicator of future performance. The rates of return quoted are illustrative only and are not guaranteed.