Skip to main content

Property Listing Details

Property details

  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 15 page views

Description

**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

We are pleased to present this chance to invest in a fully furnished studio apartment 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: £6,050
Ground rent: £282
Service charge: £2,319
Lettings fees: £823
Net income: £2,626
Gross yield: 10.08%
Net yield: 4.38%

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-12876

Map & Nearby

Local Amenities

  • Chester 0.7 miles
  • Bache 1.3 miles
  • The Queen's School 0.2 miles
  • University Church Free School 0.4 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Chester 0.7 miles
  • Bache 1.3 miles
  • The Queen's School 0.2 miles
  • University Church Free School 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in CH1:

  • £210,458
  • Price increase

  • £7,233
  • (3.559%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £161,448
  • Properties sold

    30

Rental opportunities

£659 pcm

Recent sales nearby

See all recent sales in CH1
Switch to next tab

Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In partnership with

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

These results are not provided by Bankrate and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided, your lenders criteria and your personal circumstances. The interest rate has also been assumed to stay the same for the selected mortgage term.

The Developer

Price history

Sold prices provided by Land Registry
24th Oct 2018 £60,000 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.