Bradford 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 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 further grow once The Broadway Shopping Centre is complete. Bringing about what property investors are now calling the ‘Westfield Effect’. Hailed as one of the most successful regeneration projects ever, Westfield Stratford has turned a once dilapidated area of London into an area with luxury shopping and new builds that have brought upon 24.08% increases in house prices in the past year alone. The completion of the new shopping centre (part of the iconic Westfield shopping family) will come before the completion of The Xchange in Bradford. Meaning the Xchange building will be literally on its doorstep making capital growth highly anticipated! Previously known as Arndale House, the Xchange is an existing iconic building located right 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. The Xchange is the perfect residential hotspot for those looking to find the next hot area to invest in and embrace future capital growth. The Xchange will consist of a mix of retail and residential developments over 9 floors. Made up of 126 one and two bedroom apartments, all of which will enjoy a roof garden containing seating and a water feature. Secure car parking will be available, however limited. Not only will it come to benefit from the ‘Westfield Effect’, but Bradford is currently undertaking a 10 year regeneration plan worth £35 million. 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. If you’ve been looking to find that next property hotspot, then look no further. Feel free to get in touch with us regarding any additional information by filling out the form below. Make sure to get in before the largest house price boom occurs!
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