Property for sale in Bradford
Bradford is the most improved city in the UK according to the PWC report. Bradford has experienced a large reduction in its unemployment rate, and also demonstrated moderate improvements in work-life balance, health, environment, and skills amongst the adult population. So if you are looking for a property for sale in Bradford, then you are in the right place.
Please see below why we would recommend Bradford as a city for good property investment.
Bradford is located approximately 8.6 miles west of Leeds and lies in the eastern foothills of the Pennines. Its population within the council area is 539,776, which makes Bradford the third-largest city in the Yorkshire and Humber region after Leeds and Sheffield. By 2026 the population of Bradford District is projected to grow to 543,000, which is an increase of 2% from 2016. By 2041 it is expected to increase by 3.7%, which is 552,300 inhabitants.
Bradford is not probably the first choice of property investment, but there are a lot of regenerative developments underway, along with a strong student population seeking accommodation and affordable living spaces.
Property in Bradford is relatively affordable, and we have a wide selection of high-growth properties for sale in Bradford.
The overall average property price in Bradford is significantly lower than the UK average of £329,210. The latest data from Zoopla says that the average price of a Bradford home for sale from May 2021 is £142,097. This is a rise of 2.39% in the last three months. Terraced houses sold during that time for an average of £159,899, while flats sold for an average of £119,692. Based on this information, Bradford attracts investors who are looking for good returns on investment.
Property investors looking to add to their portfolio should consider Bradford because of its strong business growth which signals that real estate is likely to appreciate. There are 17,620 businesses employing 198,600 people in the Bradford District and the city accounts for around 15% of the total employment in the Leeds City Region.
One of the city’s greatest assets is its young population.
23.7% of the Bradford population is aged under 16 compared with 18.8% nationally, making Bradford the youngest city in the UK. Looking ahead, this population is set to increase by more than 10% over the next 20 years, to 582,900 from 530,000 today. Not only is this young population likely to spur innovation and entrepreneurship, but it’s also a key demographic for the rental market, which makes Bradford a favourable location for buy-to-let investors. This is a good opportunity for all investors to take a chance and offer a wide selection of property for sale in Bradford.
Bradford wants to have the fastest growing economy in the UK, so this is the reason why the city is focusing on development across four key areas as part of the Bradford District Economic Strategy. This huge economic strategy aims to improve connectivity both via transport infrastructure and digital connectivity, Attracting investment using cultural and historical assets, Skills, and education development for young people,…
As a property investment agency, we see those improvements as a great opportunity for property investment in Bradford with a good return on investment.
Bradford spent already more than £500 million on improving the city centre, and an additional £200 million was dispersed among the wider regional district. A new regeneration project is planned in 2020 which will include the £75 million pledged to attract the future’s ‘urban entrepreneurs’
Investing in Bradford property is ideally suited for first-time buyers because the property is relatively affordable and the city has a bright future which will result in a great return on investment.