Hunters says ..
An opportunity to acquire an Edwardian terrace which is separated in to 6 independent flats, forming a house in multiple occupation, and produces a rental yield of circa £20,000 per annum. Flat 1 16' x 13' 10" ( 4.88m x 4.22m ) Flat one has a double glazed window to the front, a...
Property Oracle says ..
This property on Otley Road, Shipley, is presented as a six-bedroom, two-bathroom Edwardian terrace house, currently divided into six independent flats generating a rental income of around £20,000 per annum. Its location in Shipley offers access to the train station and a nearby primary school. However, the provided photographs suggest that the property requires some significant refurbishment to modernise the interiors and enhance the overall condition. The rooms show some signs of wear and tear, dated fixtures and fittings, and overall would need updating to attract buyers looking for modern accommodation. The absence of information on the property’s square footage and land size limits a comprehensive evaluation. The list price of £245,000 needs more consideration based on a proper comparison of similar properties with their square footage and land. Although the rental income potential seems a significant element affecting the value, a thorough professional survey is needed to assess the property’s structural condition, potential repair costs, and to accurately determine its market value.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 1
- Bedrooms
- 6
- Bathrooms
- 2
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Metrics Year-on-Year
- Average area value
- 256,364.00 £Increased by 21.19 %
- Average area rental value
- 934.00 £/moIncreased by 31.00 %
- Est rental Yield
- 4.37 %Increased by 8.17 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Hunters created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Shipley Cofe Primary School | Academy Sponsor Led | 0.07 KM | |
| High Crags Primary Leadership Academy | Academy Sponsor Led | Good | 0.94 KM |
| Wycliffe Cofe Primary School | Academy Sponsor Led | 1.13 KM | |
| Bradford Alternative Provision Academy | Academy Alternative Provision Converter | 1.19 KM | |
| Frizinghall Primary School | Community School | Requires improvement | 1.19 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Grange Terrace | £ 160,000 | 0 | 0.00 KM |
| Well Croft | £ 69,125 | 0 | 0.00 KM |
| Croft Street | £ 0 | 0 | 0.00 KM |
| Charles Court | £ 234,950 | 0 | 0.00 KM |
| Ashfield Avenue | £ 260,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Shipley (Yorks) | 8347 | SHY | 0.83 KM |
| Frizinghall | 8556 | FZH | 1.47 KM |
| Saltaire | 8561 | SAE | 1.65 KM |
| Baildon | 8552 | BLD | 3.74 KM |
| Bradford Forster Square | 8346 | BDQ | 4.57 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Otley Road, Shipley | £ 245,000 | BUY | 4 / 10 | 0.00 KM |
| Selborne Terrace, Shipley, West Yorkshire, BD18 | £ 230,000 | BUY | 5 / 10 | 0.10 KM |
| Birklands Road, Shipley | £ 240,000 | BUY | 7 / 10 | 0.13 KM |
| Birklands Road, Shipley, West Yorkshire, BD18 | £ 235,000 | BUY | Unknown | 0.13 KM |
| Birklands Terrace, Shipley | £ 255,000 | BUY | 6 / 10 | 0.18 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 22 Selborne Terrace | £ 190,000 | 0.08 KM |
| 13 Selborne Terrace | £ 125,000 | 0.08 KM |
| 20 Selborne Terrace | £ 120,000 | 0.08 KM |
| 19 Selborne Terrace | £ 110,000 | 0.08 KM |
| 15 Selborne Terrace | £ 118,000 | 0.08 KM |