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Investment - Modern Residential Apartments, The Xchange, 5 Charles Street, Bradford, BD1 1EJ

not specified / Other / Investment

Sold - Last updated: 20 April 2016

The Xchange is an iconic building set in the very centre of the northern city of Bradford. Aspen Woolf feels passionately and strongly about this project due to all signs pointing to it being one of the highest capital growth areas in the UK in coming years.

Previously known as Arndale House, The Xchange will transform its commercial roots into a modern residential focal point. The Xchange is located next to the £260m Broadway Shopping and Leisure complex that will bring with it an array of bars, eateries, and retail options to satisfy all needs. It is the perfect residential hotspot for those looking to find the next promising area to invest in and embrace future capital growth.

The project will consist of a mix of retail and residential developments over 9 floors. All 126 one and two bedroom apartments will enjoy a roof garden containing seating and even a water feature. Limited secure car parking will be available.

Not only will it come to benefit from the ‘Westfield Effect’, but Bradford is currently undertaking a 10 year regeneration plan worth £35 million.

Location

There is no place quite like Bradford. In Bradford you are able to enjoy two UNESCO sites, glorious scenery, world class curry and rich culture mixed with a variety of events, festivals, and languages. Bradford is lucky enough to have all this. It truly has something for everyone.

Bradford has been named the Curry Capital of Britain for the fifth year in a row! It also has an immense economy worth over £8.3 billion, the third largest in the Yorkshire region after Leeds and Sheffield. The economic growth since 2008 has actually outstripped the regional and national averages putting it in the top 10 for property growth in 2014!

In 2014 there was a huge 11% rise in property prices, and this is expected to grow even further once The Broadway Shopping Centre is complete.

Terms

The Xchange will be a unique development, situated right in the centre of things. Prices start as low as £54,950 for a one bed and £79,450 for a two bed making this development already leaps cheaper than the average price of housing (£162,667) in Bradford. Having Bradford’s shopping district on its doorstep and located above some of its most popular retail destinations gives residents enviable convenience and investors an asset that is bound to appreciate in value.

Investment Highlights

  • Strong Capital Appreciation anticipated
  • In the beginning stages of a house price boom
  • Mixed retail and residential development over 9 floors
  • 126 one and two bedroom apartments
  • One beds from £54,450
  • Two beds from £79,450
  • Roof garden, with seating area and water feature
  • Established retail units and easyGym on ground floor
  • Located directly next to the Broadway Shopping Centre (Part of the Westfield shopping family)
  • Bradford district undergoing 10 year regeneration plan of £35 million
  • Award winning architects to transform original building
  • Secure car park facilities , Car parking is £8,500 per space (limited availability)

Specification

  • Fully fitted kitchens with appliances
  • Contemporary bathroom fittings
  • Contemporary kitchen fittings
  • LED lighting throughout
  • Fully carpeted bedrooms
  • Laminate flooring to hallways, kitchen, bathroom and living area
  • Safety and security features such as CCTV entry system
  • Key card entry system
  • Air conditioning
  • Heated towel rains in all bathrooms
  • CCTV entrance system


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