Studio apartment

Chronicle House, Commonhall Street, Chester, CH1 2AB

Size: 24 sqm

Purchase price

£69,995

Size: 24 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,860
Ground rent £200
Service charge £2,228
Lettings fees £659
Net income £3,773
Gross yield 9.8%
Net yield 5.39%

Premium double studio available in the popular student development Chronicle House - Tenanted for immediate income with a yield of 9.80%


This fully self-contained premium double studio is situated on the 1st floor of the boutique student development – Chronicle House. Located in Chester and local to the universities, this is a popular choice for students in the area.

The studio features a large living space and has been finished to the highest standard, complete with a double bed, study area, fitted kitchen and en-suite all finished with a modern design throughout.

Chronicle house boasts great on-site amenities such as a private resident’s gymnasium, game room, cinema room and secure bicycle storage, which continues to make the development a popular choice with students in the area. Located on Commonhall Street, directly 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, and it’s 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.

Interested in this property? Enquire today to recieve further details upon this investment opportunity

Key features

Key features

Tenanted investment for immediate income

Key features

Popular boutique student investment

Key features

Self contained studio

Key features

Situated within walking distance to university

Key features

Onsite residents gym

Key features

Close to all local amenities

Key features

Cinema room

Premium double studio available in the popular student development Chronicle House - Tenanted for immediate income with a yield of 9.80% More info...

This fully self-contained premium double studio is situated on the 1st floor of the boutique student development – Chronicle House. Located in Chester and local to the universities, this is a popular choice for students in the area.

The studio features a large living space and has been finished to the highest standard, complete with a double bed, study area, fitted kitchen and en-suite all finished with a modern design throughout.

Chronicle house boasts great on-site amenities such as a private resident’s gymnasium, game room, cinema room and secure bicycle storage, which continues to make the development a popular choice with students in the area. Located on Commonhall Street, directly 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, and it’s 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
    Tick Desktop Tenanted investment for immediate income
    Tick Desktop Popular boutique student investment
    Tick Desktop Self contained studio
    Tick Desktop Situated within walking distance to university
    Tick Desktop Onsite residents gym
    Tick Desktop Close to all local amenities
    Tick Desktop Cinema room
  • LocationLocation

*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.

Breakdown
Financial performance*
Gross rent £6,860
Ground rent £200
Service charge £2,228
Lettings fees £659
Net income £3,773
Gross yield 9.8%
Net yield 5.39%

*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.