Skip to main content Skip to footer

Studio for sale

£69,900

Trafford Street, Chester CH1

1
Interested in this property? Call 01702 787668 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 8% net rental yield assured for 5 years
  • Prime location: 200m from Chester City Centre
  • The latest Launch by the multi- award winning Property Alliance group
  • 100% hands off investment-fully managed by leading UK property management compan
  • 6% pa interest paid on monies received between exchange and completion
  • Completion August 2016

Property description

Property and investment details

With only 251 studios available in the whole of Chester, Article 4 has had a big impact on the city, so the need for high quality accommodation is in high demand.

Northgate Point consists of 121 large, High Spec, Fully Furnished, En- Suite Studio Apartments with kitchen, living area, en-suite and study space.

Development includes: Hotel themed lobby, manned reception, group study areas, pool tables/games room, cinema room, launderette, cycle storage, parcel delivery room, wifi connection, CCTV video security, security access.

8% Net Investment Yield, assured for 5 Years and 6% interest p.A. Paid from exchange through to completion- The 6% interest starts from exchange of contracts through to completion and is paid monthly in arrears. (Overseas investors please note that in order for the 6% monthly interest payment to be made, you will require a UK based bank account, or the 6% will be accrued and deducted from your final payment).

The investment assurance is calculated on the purchase price and covers void periods or shortfall on your return under the 8% net yield during the course of the 5 years.

The developer has 'ring fenced' a set amount into a separate account which can only be accessed in these circumstances.

September 2016 completion - The developers are currently on site and are on time and on budget for a Sept 2016 completion.

Full Title Deed Ownership. Leasehold with a 250 year lease.

Fully Managed by Student Facilities Management (sfm) - who will source and manage the tenants, and deal with the day to day management and running of the building, making this a 100% hands off investment. Sfm is an experienced student management company who are well respected in the industry. They currently have a 4,000 bed portfolio and boast a 100% occupancy from day 1.

They hold an Annual agm providing an opportunity for investors to meet with the management company and discuss the income, expenditure, marketing, maintenance and upkeep of the building for the year.
Market activity
Average price paid £192,319 Sales 358 Current average value £204,405 (Zoopla Zed-Index) Value change £4,125 ▲ 2.06%

Property value data/graphs for CH1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £333,067 £230 3.6 £319,510
Semi-detached £184,090 £206 3.0 £173,671
Terraced £177,935 £222 2.9 £164,394
Flats £179,854 £257 1.8 £155,540

Current asking prices in CH1

Average: £210,952
Avg. current asking prices in CH1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £108,317
(3)
£153,103
(16)
£226,574
(29)
£386,722
(20)
£537,408
(6)
Flats £82,582
(23)
£170,843
(60)
£312,500
(6)
- -
All £85,552
(26)
£167,108
(76)
£241,304
(35)
£386,722
(20)
£537,408
(6)

Current asking rents in CH1

Average: £791 pcm
Avg. current asking prices in CH1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £421 pcm
(20)
£720 pcm
(12)
£911 pcm
(21)
£1,348 pcm
(6)
£1,907 pcm
(1)
Flats £522 pcm
(40)
£883 pcm
(41)
£1,158 pcm
(6)
£1,300 pcm
(1)
-
All £488 pcm
(60)
£846 pcm
(53)
£966 pcm
(27)
£1,341 pcm
(7)
£1,907 pcm
(1)

Fun facts for CH1

Highest value in CH1
Highest value streets Zed-Index
Townfield Lane £660,669
Grove Road £592,345
Nuns Road £519,910
Parkgate Road £492,798
The Groves £491,068
Highest turnover in CH1
Highest turnover streets Turnover
Deeside Lane 50.0%
Knightsbridge Court 48.0%
Shipgate Street 46.7%
Union Street 46.0%
Sens Close 44.8%

What Zoopla users think of Chester

Overall rating:

  • currently 4 stars
Very good - 82% (77 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Chester:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Chester (0.4 miles)
  • Bache (0.9 miles)
  • Capenhurst (4.9 miles)
  • Liverpool John Lennon Airport (9.6 miles)
  • Manchester International Airport (27.6 miles)
  • Blackpool International Airport (40.2 miles)
  • Woodside Birkenhead Ferry Terminal (14.6 miles)
  • Liverpool Pier Head Ferry Terminal (15.1 miles)
  • Liverpool Isle of Man & Dublin Terminal (15.2 miles)

Nearby schools

View all schools in Cheshire West and Chester
  • Chester Blue Coat Church of England Primary School (0.3 miles)
  • University Church Free School (0.5 miles)
  • St Werburgh's and St Columba's Catholic Primary School (0.7 miles)
  • West Cheshire College (5.8 miles)
  • Hope Corner Academy (11.1 miles)
  • Liverpool College International (12.9 miles)
  • The Queen's School (0.5 miles)
  • Queen's Park High School (0.9 miles)
  • Dorin Park School & Specialist SEN College (1.2 miles)
Note: Distances are straight line measurements

Local info for Cheshire West and Chester

AskMe Q&A for Cheshire West and Chester

Ask a question

See all AskMe Q&A in Cheshire West and Chester

For more information about this property, please contact
Sand Royale, SS9 on 01702 787668 * (local rate)

Monthly running costs Beta

£411 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,990
Repayment term 25
Interest rate 0.5
Your payment £223 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £40,000 Average insurance cost £13/mo (£158/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £17 Electricity £28 Estimated energy cost £45/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Cheshire West and Chester

Estimated tax band A Council tax cost £102 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Sand Royale about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy.

Disclaimer

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

Properties on the market nearby

13 more properties like this

View all Trafford Street new homes for sale