Cash investment opportunity with a 6.19% net return in Chronicle House - offering students quality and contemporary living in the heart of Chester City Centre.
We are pleased to present this chance to invest in a fully furnished self-contained premium single studio in Chester located minutes from the well-regarded institution – The University of Chester.
The studio features a large living space and has been finished to the highest standard. The on-site amenities such as a gymnasium, game room, cinema room and secure bicycle storage continues to make the development a popular choice with the students in the area
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 is a beautiful historic city, situated close to Liverpool, Manchester and the Welsh border, this ancient city has excellent transport links, an interesting mix of heritage and culture, and plenty of opportunities to attract workers, students and investors. In addition, Chester has had one of the fastest growing housing markets in recent years – in 2015 demand for housing rose by 164%! House prices in the area have also seen a significant rise, with a 20% increase in prices over the last 5 years (Zoopla – October 2018) makes for a lucrative investment opportunity in Chronicle House!
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £6,270
Ground rent: £250
Service charge: £2,016
Lettings fees: £602
Net income: £3,402
Gross yield: 11.4%
Net yield: 6.19%
*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-0560