Benn Gardens, Clayton Bradford

Benn Gardens, Clayton Bradford

1 Benn Gardens Clayton Investment overview This investment provides a selection of apartments which are virtually all tenanted alongside a big 15% discount and a big ROI. The deal is located in a beautiful stone village just 3 miles from the Northern Powerhouse City of Bradford providing easy commute via car or bus and is in close proximity to the motorway providing easy travel to other Powerhouse City s of Leeds and Sheffield. The M62 is only a short drive which connects Yorkshire with Manchester and the North West. Local amenities are all close by set in an attractive countryfied location. 2 Full Address Benn Gardens, Clayton, Bradford BD14 6HQ 2

3 Rob s View What does the MD think? This deal has everything you need in an investment - big discount, strong ROI, an investment in a beautiful setting, fundamentals and to top it off already tenanted! For someone wanting a quick and good return on their buck this is it and you can have your money working for you in no time with this deal! 3

Who is the developer? 4 5 P & W Investments / Cheshire Land Developers website N/A 6 Discount Level from Asking Price Not always the value 15% 7 Discount Level from Value The number we are really interested in 15% 8 Size of development 9 15 Apartments (a split between RMP and owner-occupiers) Plot Size 680-769 sqft 4

Comparables Sales 10 11 Go to Rightmove and look for yourself Comparables Rent Go to Rightmove and look for yourself Good to note - 10 apartments are currently let between 575-675 5

12 Letting Agents View What are the local experts saying, we mystery shop them to find out? Whitney s Estate Agent s Clayton Clayton is an attractive village with an easy and short commute to Bradford by bus or car. A 2 bed apartment in Clayton will rent out between 500 and 600+ pcm dependent on size and quality of the property. James & Co Estate Agents Apartments in Clayton for 2 beds tend to rent out for between 550-600 per calendar month. These apartments will cater for professional tenants who want to live out of the City but have all the amenities close by and have a straightforward commute to Bradford. 13 14 15 What, if any, furniture is included? If we can let unfurnished we do Unfurnished Snagging To check over the build quality N/A Builders Guarantee A bonus of new build, does it have NHBC or an equivalent? None - The apartments are 10 years old 6

16 17 18 19 20 Bedrooms 2 bed apartments Bathrooms 1 bathroom White goods Included: Oven, Hob & Extractor Flooring Included - Vinyl throughout & carpeted bedrooms Heating Electric 21 22 23 24 Balconies Parking Floors Expensive facilities None Yes - 1 marked bay per apartment 3 floors in total - Ground floor, first floor, second floor None 25 26 27 28 Service Charge 85 pcm Ground Rent 275 per annum Leasehold Length We want to see 125 years + 125 Years Floor plans Please request from your Portfolio Manager 7

29 30 Neighbours The area is surrounded by existing residential properties and is at the end of a quaint cul-de-sac (Oakleigh Road) adjacent to a main road through Clayton (Clayton Lane) which leads to the centre of Clayton village. Area Overview & Maps Clayton is situated three miles to the west of Bradford city centre and benefits from great fundamentals alongside fantastic parks and surrounding countryside. Clayton is a village which provides all the necessary amenities for tenants with easy access to the motorway and Bradford City centre. Clayton has an abundance of parkland and countryside within the immediate area whilst at the same time providing the fundamentals a professional tenant would need. The area is home to several shops (including a large Co-Op superstore), churches, schools (four primary), a library, and a golf range and reservoir which sits within a country park - Clayton Heights. 31 Local population 32 Closest Town or City Key for jobs, which create tenant demand. 8,871 (2011 Census) Bradford City Centre (3.5 miles) 8

33 34 35 Average house price graph Credit rating of local area Broadband Speed 9

36 36 37 38 Closest convenience shop Tenants will need milk and bread! Closest Supermarket For that weekly shop Closest train station Commuter links are important Closest bus stop Commuter links are important 0.6 miles - Co-op supermarket 0.6 miles - Co-op supermarket 3.2 miles - Bradford Forster Square 0.2 Miles 39 Renting families will look for these! 40 41 42 Closest Primary School Clayton Village Primary School (0.6 miles) Closest Secondary School 3 Miles - Margaret McMillan Towers Closest Motorway M602/M62 (4.2 miles) Closest Airport Leeds Bradford Airport (9.1 miles) 43 44 45 46 Nearest University Increases tenant demand 2.6 Miles -Bradford University Closest Hospital Increases tenant demand 2.2 Miles Bradford Royal Infirmary Local Green areas Clayton is surrounded by green areas and the countryside this also includes Victoria park in the centre of the village only a short walk from Benn Gardens. Flooding Risk www.checkmyfloodrisk.co.uk 10

47 Investment/Regeneration Plans 48 Bradford is currently undergoing a ten-year council regeneration plan that will reinvent the city. 260 million Broadway shopping centre opened in 2015 - created 3,000 jobs and a 500 million boost to the economy and a 35,000 sqft extension is now underway A 70 million public-services hub designed to bring together civil servants, local authorities, NHS bodies, emergency services and charities under one roof. The 200,000 sq ft space will provide accommodation for up to 3,500 employees. One City Park - A 25-30 million development opportunity of up to 95,000 sq ft office accommodation with associated uses. Located in the City Centre Growth Zone, this initiative will support new and existing businesses. Bradford has the largest concentration of advanced manufacturing and materials jobs in the UK. 370,000 people are employed across the UK by 40 large companies headquartered in the district with a turnover of 30 billion. Key points to take on board Majority already tenanted - quick return on your buck Big Discount - 15% Strong ROI - Bradford s buy-to-let market is on the up with Totally Money featuring Bradford second in the top ten locations for rental yields. Attractive location for tenants who want outer-city living The fourth most populated metropolitan district in the UK after Birmingham, Sheffield and Leeds Countryfied living with easy commute to Bradford & Leeds Creating further tenant appeal and demand Will it let in 60 days or less? YES 49 50 Would we invest? 100% YES 11

Disclaimer The details contained in this document are for guidance purposes only. Any photographs, figures, plans and illustrations are to give you a general indication of the proposed development. Mortgage applications are subject to status and no guarantees can be made that an applicant will obtain a mortgage. Rescue my Pension Ltd is not and will not provide financial advice under the regulations of the financial services authority and we recommend that before making any decisions based on the information provided, that you should seek specialist advice from a competent authority. Neither Rescue my Pension Ltd nor any of its partners, directors, employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document. Rescue my Pension cannot be held responsible for changes in the market or market conditions. All information is based on that given to Rescue my Pension by developers or by research conducted by Rescue my Pension. Property values and rentals can decrease as well as increase. You can lose your property if you do not keep up payments secured against it. 12