Studio Flat For Sale, Commonhall Street, Chester CH1

Description

**please note! Due to the size and lease restrictions on purpose-built student accommodation, these properties are not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Cash investment opportunities available with strong net yields at Chronicle House - offering students quality and contemporary living in the heart of Chester City Centre.

We are pleased to present a number of fully furnished self-contained premium double studios in Chester located minutes from the well-regarded institution – The University of Chester.

The studios feature a large living space and have been finished to the highest standard. The on-site amenities such as a gymnasium, game room, cinema room and secure bicycle storage continue to make the development a popular choice with students in the area. Managed by a well-renowned student lettings organisation, the development is fully let for this academic year.

Chronicle House is located on Commonhall Street in the centre of Chester, within the old city walls. The city’s impressive shopping areas and the University of Chester are only a few minutes’ walk away from the development, making it extremely attractive to student tenants looking for a great university lifestyle experience.

Chester has one of the fastest growing housing markets in the country; prices in the area are seeing a significant rise, with a 22% increase over the last 5 years (Zoopla – January 2021) makes for a lucrative investment opportunity in Chronicle House!

Interested? Take a look at the financial projections below based on a ground floor studio. We have a number of investment opportunites available in this development, so please contact us today to request a full breakdown.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £6,490
Ground rent: £250
Service charge: £2,390
Lettings fees: £856
Net income: £2,994
Gross yield: 13.66%
Net yield: 6.3%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-16964

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zoopla.co.uk

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Studio Flat For Sale £47,500 Commonhall Street, Chester CH1

Studio Flat For Sale £47,500
Commonhall Street, Chester CH1