Thinking of getting a house in Bradford?

There is so much to consider when it come to buying a home- especially if you are an investor hoping to make a lucrative profit.

Using Zoopla, we have tracked down some data about the properties in the area, including information about the average value of the homes, current asking prices and the roads that simply can retain long-term buyers.

So if you are thinking about getting on the property ladder in Bradford, or if you are just curious local property values and what’s popular then just keep reading.  

Property prices

Bradford’s average home values are consistently much lower than the UK average.

In fact, the latest figures suggest that Bradford’s property value is 43 per cent lower than the UK average.

However, a plus side of this is that Bradford house prices are cheaper on the whole.

In Bradford, the average price paid for a semi-detached house is £239,725 (based on figures from the last 12 months).

In the UK, the average price is £266,942- which is 10 per cent lower.

As expected, flats are the most affordable type of property to invest in and the average price paid in Bradford over the last 12 months was £72,867; this is a whopping 70 per cent cheaper than the rest of the UK.

However, investing in flats could prove very lucrative for any landlords as the current value of a flat is much higher than the average price paid- £36,073 higher to be exact.

The current buying prices for properties in Bradford

The current average asking price for a home in Bradford is £161,553 and three bedroom houses are the most sought after.

Luckily for you, there are some local properties on the market which match these figures.

This property is a premium listing on Zoopla; it is £160,000 with three bedrooms.

Bradford Telegraph and Argus: (Photo: Zoopla)(Photo: Zoopla)

It is in the Buttershaw area of Bradford and situated on a sizeable plot of land with a huge garden.

The current rental prices in Bradford

According to Zoopla, the average rental price in Bradford in £570 per month.

Compared to the rest of the UK, this is a fantastic price and £1312 cheaper on average.

Just like the rest of the UK, a one bed flat in Bradford is slightly more expensive to rent that a one bedroom house (£39).

If you are looking for a one bedroom flat to rent for around £570 per month, this one is your best bet.

Bradford Telegraph and Argus: The one bed flat (Zoopla)The one bed flat (Zoopla)

It is £575 per month and is situated in quite a luxurious building; the lobby boast a marble lobby and there is a massive free gym on site.

The most expensive streets

According to Zoopla, Acacia Park Drive is the Bradford street with the highest value.

This is where you will find some of the most expensive properties in Bradford.

The average property value on this street is a whopping £780,089.

Woodlands Drive in Apperley Bridge is second (£699,646) followed by Bents Lane in Wilsden (£556,504).

 

 

Other streets with a high turnover include Whitehead Close in Laisterdyke (73.3 per cent) which is home to many new builds and Hutton Hall Drive (66.7 per cent).