How Much is My Property Worth In Bradford?

In the heart of the north of England, the city of Bradford is known for its diversity, cultural attractions, great travel links and affordable housing. If you are a homeowner, potential purchaser or perhaps looking to invest, you might be wondering, how much is Bradford property worth? Let’s investigate the current property values in Bradford and look at how you can sell your house fast through a quick and easy process with SellHouseFast.co.uk.

Recent property value swings in the city reflect a variety of local and regional economic issues. The average property price in Bradford is now £160,498, down 1% from the year before.

When looking at the annual change in property prices, the picture becomes more optimistic. Bradford’s housing costs have increased by an astonishing 7.4% during the previous year, higher than Yorkshire and the Humber’s rise of 7.0%, making it one of the UK’s investment hotspots. The city’s allure is in part due to the delivery of new homes, with many buyers taking advantage of Bradford’s travel links to commute to Leeds. Bradford real estate is therefore proving resilient and valuable in the long run.

Bradford property market

To gain a more in-depth understanding of the market, it’s crucial to delve into specific housing categories:

Detached Houses 

The average price for detached houses in Bradford currently stands at £315,248, down from £317,519 in summer 2023. Even while this decline is slight, it illustrates the intricate local real estate market and the specific qualities that draw purchasers to detached houses.

Semi-Detached Houses

Semi-detached houses are valued at an average of £195,570, compared to £179,568 in 2023. This rise suggests that either buyer preferences are increasing for this property type or outside forces may be affecting demand.

Terraced Houses

The average price for terraced houses in Bradford has decreased to £122,473 from £131,066. Terraced homes often make up a significant portion of the market and are essential to comprehending the dynamics of the city’s housing market.

Flats

Flats, with an average price of £113,115, have experienced a rise from £101,056 since 2023. Because they provide distinctive living arrangements and often appeal to certain populations, flats’ pricing movements are notable.

How does this compare to the UK average?

At £160,498, the average house price in Bradford is much less than the national average for property value. The UK’s average home value as of June 2024 is £289,924. This disparity in price highlights the substantial differences between Bradford and the national property scene. 

It is important for both locals and outside investors who are interested in the city’s real estate market to understand how Bradford fits into broader national trends. The future of Bradford’s housing market has the potential to be impacted by the availability of jobs, local economic development as well as government programmes and interest rates. With house prices currently on the rise and the economy stable, more purchasers will be drawn to the market.

Selling your house in Bradford?

If you’re a homeowner looking to sell your property in Bradford quickly and for the best price, we can help. By selling your home with us, you wouldn’t need to worry about ensuring the valuation was correct before placing it on the property market, as you’d be selling your property directly to us.

SellHouseFast.co.uk offer a quick and guaranteed cash purchase for your property. We buy any house, with a guaranteed completion date to suit you. Get your free cash offer today to find out what your home is worth.