6 Bed HMO, Bradford, BD2 4QS, £275,000

2 Undercliffe Old Road, Bradford, West Yorkshire, BD2 4QS - 9 views - 6 months ago

Sold STC
HMO
ROI: 10%
~186 m²
+26 photos

ValuationFair Value

Sold Prices£130K - £1.4M
Sold Prices/m²£617/m² - £3.9K/m²

 

 

Square Metres

~186 m²
Price/m²£1.5K/m²

Value Estimate

£272,297

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Room Rate

£459

Gross Rent

£2,754

Running Costs/mo

£2,081

Cashflow/mo

£673

Cashflow/yr

£8,074

ROI

10%

Gross Yield

12%

Local Sold Prices

30 sold prices from £130K to £1.4M, average is £336.5K. £617/m² to £3.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£370K08/230.44 mi3, Ennerdale Road, Bradford, West Yorkshire BD2 4JB6
£285K04/211.09 mi354, Harrogate Road, Bradford, West Yorkshire BD2 3TB6
£390K02/231.25 mi15, Parkfield Road, Bradford, West Yorkshire BD8 7AA6
£280K11/221.28 mi17, Parkfield Road, Bradford, West Yorkshire BD8 7AA6
£350K04/221.45 mi25, Calderwood Close, Shipley, West Yorkshire BD18 1PZ6
£333K06/211.45 mi25, Calderwood Close, Shipley, West Yorkshire BD18 1PZ6
£840K07/211.72 mi79, Westfield Lane, Shipley, West Yorkshire BD18 1LH6
£410K11/221.76 mi40, Oakdale Grove, Shipley, West Yorkshire BD18 1NX6
£354K01/211.76 mi38, Oakdale Grove, Shipley, West Yorkshire BD18 1NX6
£195K06/211.76 mi27, Victor Road, Bradford, West Yorkshire BD9 4QN6
£350K01/221.8 mi262, Keighley Road, Bradford, West Yorkshire BD9 4JX6
£450K04/212.03 mi161, Westfield Lane, Idle, Bradford, West Yorkshire BD10 8UB6
£525K09/222.06 mi8, Carlton Drive, Bradford, West Yorkshire BD9 4DL6
£293K08/212.28 mi163, Horton Grange Road, Bradford, West Yorkshire BD7 2DN6
£400K03/232.35 mi13, Redburn Drive, Shipley, West Yorkshire BD18 3AZ6
£675K11/202.35 mi2, Parkin Lane, Bradford, West Yorkshire BD10 0NF6
£1.2M11/202.39 miWoodhill, Calverley Lane, Calverley, Pudsey, West Yorkshire LS28 5QQ6
£1.4M01/212.39 miThorne Dene, Calverley Lane, Calverley, Pudsey, West Yorkshire LS28 5QQ6
£130K10/202.4 mi12, Leylands Lane, Bradford, West Yorkshire BD9 5PX6
£640K06/212.45 mi15, Woodhall Road, Calverley, Pudsey, West Yorkshire LS28 5NL6
£340K12/202.47 mi470, Leeds Road, Idle, Bradford, West Yorkshire BD10 9AA6
£305K02/232.53 mi2, Hall Royd, Shipley, West Yorkshire BD18 3ED6
£325K10/222.62 mi21, Rhylstone Mount, Bradford, West Yorkshire BD7 2QB6
£210K12/222.8 mi7, Hawes Grove, Bradford, West Yorkshire BD5 9AN6
£200K01/212.8 mi107, Rooley Lane, Bradford, West Yorkshire BD5 8JH6
£275K10/212.81 mi7, Hawes Grove, Bradford, West Yorkshire BD5 9AN6
£270K11/202.82 mi21, Cemetery Road, Pudsey, West Yorkshire LS28 7LW6
£290K11/202.86 mi9, Farfield Road, Shipley, West Yorkshire BD18 4QP6
£144K03/212.96 mi9, Cranbourne Road, Bradford, West Yorkshire BD9 6BH6
£240K01/212.96 mi2, Cranbourne Road, Bradford, West Yorkshire BD9 6BH6

Local Area Statistics

Population in BD2

29,665

Population in Bradford

357,773

Town centre distance

1.89 miles away

Nearest school

0.10 miles away

Nearest train station

1.06 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £275,000

October 21, 2024

Sold for £74,250

2003

Floor Plans

Description

  • REASONS WHY WE LOVE THIS PROPERTY +
  • Renovated in recent years +
  • Ideal for larger / growing families +
  • HMO possibilites - subj to PP +
  • Up to SIX BEDROOMS, THREE BATH / SHOWER ROOMS +
  • THREE RECEPTION ROOMS +
  • Pleasant garden +

Substantial END TERRACE with garden – RENOVATED to a high standard in recent years. This well presented example extends to circa 2,500 square feet and provides up to SIX BEDROOMS , THREE RECEPTION ROOMS and THREE BATH/ SHOWER ROOMS. A splendid home for larger/ growing families, however we feel there is real possibility to convert into a high yield HMO with flat below subject to conversion works and all necessary permissions and license requirements. A detailed inspection is essential to fully appreciate the accommodation on offer. Contact Robert Watts to arrange YOUR VIEWING today.

Agent Details

Robert Watts, Bradford

01274 003298

Next Steps?

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