27 January 2021

SHIPLEY and the surrounding areas Saltaire and Bingley are currently experiencing a high rental demand with modest rental yields.

The UK buy-to-let market has been showing signs of recovery after the Coronavirus affected the industry, with interest rates for mortgages at record lows and a wider variety of buy-to-let options available, which, tied in with the current tenant demand for property, makes for an encouraging time to invest.

Macaulay Thompson, Branch Manager of Linley & Simpson’s Saltaire and Bingley branches, provides detail on the current buy-to-let market. “We are currently receiving a strong demand with multiple enquiries for 2 bedroom apartments and 3 bedroom terraces up to £700 per calendar month. The Shipley area in particular benefits from strong commuter links, a vibrant town centre with all necessary everyday amenities and only a short distance to Bradford City Centre, which continues to draw people to the area. There are also numerous suburbs and village on the periphery of Shipley which are well placed for open moors and country walking.”

Alex Woodhouse, Sales Valuer at Linley & Simpson’s Saltaire and Bingley branches adds, “Properties in Shipley and Saltaire are winning investments on two fronts- in the centre of Shipley property prices are consistently low to purchase but rent out for good values meaning a great investor yield. In Saltaire, property is more per m2 but rentals in this historic, famous village are even better with yields consistently over 5.5-6%. 

“Bingley is its own little hub which is consistently popular with tenants with multiple applications on many of the available properties within the locality. House prices are reasonable and they are also holding values very well too at the moment.”

Investment Opportunities

Below provides an outline of some of the key investment opportunities currently on the market in the Shipley area.




West Royd Road, Shipley
On the market with: Linley & Simpson
Asking price: £135,000
Potential rent: £650 (due to plot size) – yield 5.7%
Available for sale is this lovely three-bedroom semi-detached house in a nice residential neighbourhood in Shipley. The house occupies a large corner plot which provides impressive outside garden space. Inside there are three bedrooms, a large living room and nice kitchen too



Otley Road, East Morton
On the market with: Linley & Simpson
Asking price: £160,000
Potential rent: £650pcm – yield 4.8%
Available for sale is this formidable stone terrace house with two bedrooms, an extended rear kitchen and large open-plan living and dining room. There is shared off street parking and a private rear garden too. 

 



Prune Park Lane, Allerton
On the market with: Linley & Simpson
Asking price: £170,000
Potential rent: £750pcm - yield 5.3%
Available for sale now is this lovely three-bed semi which has been modernised recently by the owners. There is off street parking and an impressive, large rear and side garden with external storage too. 



Cambridge House, Beck View Way, Shipley
On the market with: Linley & Simpson
Asking price: £110,000
Potential rent: £550pcm - yield – 6%
Available for sale is this immaculate second floor apartment in a new and exclusive development in Shipley. This one bedroom apartment was built in 2019 and as such is immaculate inside and out and will be a great home or investment.

 



Prospect Grove, Shipley
On the market: Linley & Simpson
Asking price: £175,000
Potential rent: £695pcm – yield 4.7%
A three/four bedroom family home. The property is positioned on a corner plot and has a good amount of outside space, which provides off road parking and gardens.

 

If you are looking to invest in Shipley or any of the surrounding areas, please contact the Bingley branch. 

To book your FREE market appraisal please click here. 

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