According to housesforsaletorent.co.uk, the average monthly rent in Bradford is £766, which is significantly cheaper than the UK average of £1,243.
Some of the highest average rental yields in the UK have been identified in certain parts of Bradford, and the average for the whole area sits at around 5%.
The more affordable cost of living makes the city attractive to renters, and the area has a booming rental market thanks to strong job opportunities and proximity to Leeds for commuters. Bradford also has a young population, and as young people are more likely to rent, this implies the high rental demand is likely to continue going forward.
The University of Bradford is a relatively small institution, but while Bradford doesn’t boast the largest student population, there is still consistent demand for those looking to invest in student accommodation.