Strettons Auctions says ..

Property Oracle says ..

This listing is for Flat 822 Colonnade House, a one-bedroom, one-bathroom apartment located in Bradford city center. The property is being sold by auction, with a list price of £12,800. Importantly, the sale includes a long leasehold and an existing tenant paying £4,800 per annum. The photos reveal a modern, seemingly well-maintained apartment and communal areas. The building itself appears to be a multi-story complex. The location is convenient, with nearby train stations (Bradford Forster Square and Bradford Interchange) offering good transport links. Educational institutions, such as the University of Bradford, are within walking distance. However, it is important to note that information regarding the property’s square footage is unavailable, making a precise assessment of value per square foot and overall value impossible. The low price likely reflects the value of the current rental income and the auction format. Prospective buyers should carefully consider the leasehold terms and the overall investment implications before bidding. Further due diligence would be necessary to assess the property’s long-term potential and value compared to similar properties in the area.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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