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Property Listing Details

Studio for sale

Trafford Street, Chester CH1

  • New home

£69,900

Property details

Features

  • 1 bathroom
  • Leasehold
  • 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

Listing view statistics

Last 30 days: 62 page views

Since listed: 2832 page views

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.

Map & Nearby

Local Amenities

  • Chester 0.4 miles
  • Bache 0.9 miles
  • Chester Blue Coat Church of England Primary School 0.3 miles
  • University Church Free School 0.5 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Chester 0.4 miles
  • Bache 0.9 miles
  • Chester Blue Coat Church of England Primary School 0.3 miles
  • University Church Free School 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in CH1:

  • £182,064
  • Price decrease

  • -£1,227
  • (-0.669%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £161,634
  • Properties sold

    112

Rental opportunities

£594 pcm

Recent sales nearby

See all recent sales in CH1
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Estimated running costs

Based on available 3rd party data

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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.

The Agent

Price history

Sold prices provided by Land Registry
30th Dec 2015 £69,900 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Sand Royale. 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 Sand Royale for full details and further information.