Studio apartment for sale

Chronicle House, Commonhall Street, Chester, CH1 2AA

Full description

Size: 23 sqm

Popular student development in the beautiful historic town of Chester offering a great investment opportunity with high NET yields in excess of 6%! more info...

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.

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Key features

Key features NET yields in excess of 6%
Key features Situated within walking distance to the University
Key features Offered fully furnished
Key features Onsite residents gym
Key features Secure bicycle storage
Key features Games room
Key features Popular student development

Financial Performance*

Purchase price £60,000
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%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Studio apartment for sale

Chronicle House, Commonhall Street, Chester, CH1 2AA,

Purchase price £60,000
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%

Full description

Popular student development in the beautiful historic town of Chester offering a great investment opportunity with high NET yields in excess of 6%! more info...

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.

Key features

TicksNET yields in excess of 6%
TicksSituated within walking distance to the University
TicksOffered fully furnished
TicksOnsite residents gym
TicksSecure bicycle storage
TicksGames room
TicksPopular student development

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.