Population booms, major regeneration, low costs and high yields: just some of the reasons that Bradford makes a wiser investment.
In a recent postcode table of annual rental yields, Bradford’s BD1 postcode area was shown to be delivering yields of over 9%. That’s the third best in the UK.
Properties in Bradford are typically a third of the cost of like for like comparisons in London, and frequently lower than Leeds.
Bradford has the fastest growing population in the entire UK outside of London. And everyone needs somewhere to live, work, eat, drink and relax. From residential accommodation to retail and entertainment space, the opportunities for developers and investors are clear.
Bradford has the youngest population outside of London (a statistic aided by the success of the city’s university), placing accommodation for students and young professionals at a premium.
Redevelopment across the city, from retail space to high-tech manufacturing and services, public areas to office space have transformed the city, created thousands of jobs, and brought a new, gentrified café culture to the city centre.
Bradford is extremely well connected, with Leeds, Harrogate, York and Manchester all an hour or less from the city centre.
It’s not purely the draw of the much sought after Bradford Grammar. 228 schools across the Bradford district, including 23 private schools, offer families a wide choice. And with over 20 schools graded as ‘outstanding’ at their last Ofsted assessment, there’s no shortage of quality.
The £24.5m public space at the centre of the city has proved a huge success since it opening in 2012. The mirror pool, the largest urban feature of its type in the UK, has become a place to meet, embraced by locals, loved by awards bodies (the development has won numerous awards) and increasingly used as a venue for outdoor performance. If you could sum up the changing face of Bradford in a single place, this is it.
570,000 sq. ft. of retail space with 70 stores catering for around 9 million shoppers annually. Yet the development of Broadway is about far more than mammoth retail space. The development has acted as a catalyst for further regeneration around its fringes, providing further opportunity for developers and investors.
Redevelopment within the city may be the reason for so many moving to Bradford, but what’s on the doorstep is the reason they stay. From historic Saltaire, to Bronte Country, to the Yorkshire Dales, Bradford is on the doorstep of history, beauty and tranquillity.