Studio for sale in Chronicle House, Commonhall Street, Chester CH1

£60,000
Studio for sale 1 1

Images may include optional upgrades at additional cost

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Property description

We are pleased to present this chance to invest in a fully furnished student pod in the heart of the student hotspot 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 old city and it is no surprise that many prospective students choose to spend their university years there. There is a lack of high quality student accommodation in the city however, which makes developments such as Chronicle House stand out from the competition.

There has been a major increase in population in the area as well as being predicted to increase by 11% by the year 2023. With the shortage of accommodation in the city, it makes for an easy return with high occupancy rates. House prices in the area have also seen a significant rise, with a 20% increase in prices over the last 5 years (Zoopla – September 2018) makes for a lucrative investment opportunity in Chester!

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

Financial Breakdown

Gross rent: £6,820
Ground rent: £200
Service charge: £2,228
Lettings fees: £546
Net income: £3,846
Gross yield: 11.37%
Net yield: 6.41%

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-12698

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Yieldit, and do not constitute property particulars. Please contact Yieldit for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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