Studio for sale in Chester CH1, 0 Bedroom

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.

Financial Breakdown

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%

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-12889