Bradford is an up-and-coming UK Northern city, which was recently voted as the UK’s 2025 City of Culture. It is rapidly growing in its appeal to the world due to its huge potential as an economic hub. It is not only a great place to live, but also an ideal base for investors when purchasing a buy-to-let property.
Set in a region renowned for its natural beauty, the city is now rapidly growing as a student epi-center. Furthermore, first-time buyers can benefit from Bradford’s abundance of affordable properties on offer. As part of its journey to becoming a City of Culture in 2025, the city itself has already been designated as a UNESCO City of Film. This is a product of its strong industrial roots, youthful population and welcoming business climate. All these factors make Bradford one of England's most promising cities and a hotspot for property investment.
Bradford is one of the most culturally-rich cities in the UK, and it is also one of the fastest growing with a population of more than 546,000 people, according to the 2022 Census. Additionally, Bradford’s population is young and ever-growing with its size increasing by 25.8% alone in 2022. A statistic that is only expected to grow further within the coming years.
This, further highlights the demand for housing in the city, especially given the 15.4% rise in households that need homes during 2022. It is projected that the population of Bradford will increase by over 20,000 (3.7%) by the end of the decade, resulting in a significant growth in demand for buy-to-let housing in the area.
Approximately, £145,000 is the average price of a property in the city, according to Rightmove. Moreover, Bradford was named a property hotspot for 2021, with a rental yield of 11.6%, exceeding all other UK cities in 2022. JLL predicts that Bradford, as part of Yorkshire, will see a 21% increase in house prices by 2026, making it ideal for homebuyers and investors in buy-to-let properties. We'll help you every step of the way, from finding the right property to ensuring it's a profitable investment. Contact us today to learn more!
Contact UsMore than £500 million has already been invested in Bradford to boost its economy. With a further £200 million being dispersed throughout the regional district.
As part of the new regeneration projects in 2020, £75 million has been pledged to attract the next generation of urban entrepreneurs to the city. The project can be divided into sub-projects, which illustrate the changes that will be made in the short to medium term.
This highlights the potential growth and opportunities that are to be expected in the future of Bradford. Moreover, a number of residential developments will also boost the urban quality of life within the city. Queen Victoria Chambers, for instance, offers 40 spacious apartments alone. This presents an exceptional opportunity for property investors who want to invest in a city with shimmering prospects and those who wish to enjoy high yields.
There are several great places to buy property in Bradford that are within ten minutes of the University or the City’s Center. It is evident that Bradford's BD1 postcode offers yields of up to 10% - the third-best in the UK - due to its popularity with students and young professionals looking for inner-city living.
Another top 10 buy-to-let hotspot in the city centre is Little Germany, an area of historical and architectural interest and popularity. Over 110 businesses and organisations are located in Bradford's busiest commercial area, which contains 55 listed buildings presenting their historical and architectural significance.
Property prices in the BD1 area currently average at £59,390, with the majority of sales in the past year being flats at £51,350.
Located in the inner-city suburbs, Manningham has some of Bradford's cheapest properties. It's home to a wealth of industrial history, including mill buildings, wool merchants' houses and further, terraced houses. Bradford's outstanding’ Grammar School is also situated on the northeast edge of this suburb, where many of the old mill buildings are being converted into luxury flats, perfect for families and young professionals entering the city.
The average price of properties in Manningham last year was £91,950, while terraced properties sold for an average of £80,479 on average.
Thornbury, Laisterdyke, Greengates, Apperley Bridge and Ravenscliffe can be located in this area and all offer easy access to Leeds and the center of Bradford. It is the ideal location for those working either, close to Leeds or, Bradford itself.
In Ravenscliffe, semi-detached properties sold for an average price of £218,165 in 2022 while properties in Thornbury sold for an average price of £95,000 last year.
A variety of properties are further available in the southern suburbs of Bradford, including apartments in areas such as West Bowling, Wibsey, and Low Moor.
Over the last year, the average price of properties in West Bowling was £93,430. With proces reaching £143,487 in Low Moor. Making it one of the most lucrative investment ventures to dive into!