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Studio for sale

£79,500 Fixed price

Trafford St, Chester CH1

1
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Property features

  • 8% Rental Yields
  • Student Property Investment
  • Games Rooms
  • Group Study Areas
  • Cycle Storage
  • Bespoke Kitchens
  • Self-Contained Studios
  • Parking Available
  • En-suite Bathroom

Property description

For Investment Purposes Only – 8% rental yields

The site is in a prime central location within ten minutes’ walk from the University of Chester’s campus. It is also within walking distance of Chester railway station and the high-street shops, bars and restaurants.

Local amenities are within easy reach from the development; the University, train station, city centre, local supermarket, theatre and leisure centre are all less than 700 metres away. Also, the area is well connected to key destinations by a comprehensive network of pedestrian and bus routes.

Northgate Studios will provide individually-designed luxury apartments for the next generation of UK and overseas students living in Chester. The development comprises six floors, with the fifth floor set back from Trafford Street.

Of unrivalled standards, Northgate Studios will feature a total of 150 student studio apartments ranging in size from 20 square metres to 36 square metres. Each unit is designed to match the current demand for high-quality accommodation and will include en-suite bathrooms; bespoke kitchens with contemporary appliances; living, study and sleeping areas. Additionally, residents will benefit from bicycle storage, group study areas, laundry facilities, secure door-opening systems and a manned reception.

Northgate Studios will be fully managed by an experienced management company, providing buyers with a hands-off yet high-return investment opportunity. The Net return on investment over five years stands at 40 percent; eight percent yields are assured for five years, and buyers can benefit from an interest rate of five percent during the construction process.
Floorplan(s): Floorplan 1

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Market activity
Average price paid £212,410 Sales 371 Current average value £214,465 (Zoopla Zed-Index) Value change £5,001 ▲ 2.39%

Property value data/graphs for CH1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £348,938 £241 3.6 £357,294
Semi-detached £185,782 £209 3.0 £183,920
Terraced £189,543 £237 2.9 £181,614
Flats £191,829 £274 1.8 £169,783

Current asking prices in CH1

Average: £208,782
Avg. current asking prices in CH1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £181,278
(22)
£201,950
(26)
£353,615
(17)
£523,738
(8)
Flats £77,907
(106)
£186,077
(59)
£222,200
(5)
- -
All £77,907
(106)
£184,774
(81)
£205,216
(31)
£353,615
(17)
£523,738
(8)

Current asking rents in CH1

Average: £977 pcm
Avg. current asking prices in CH1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £404 pcm
(14)
£710 pcm
(15)
£790 pcm
(11)
£1,351 pcm
(7)
£1,950 pcm
(6)
Flats £877 pcm
(49)
£1,148 pcm
(23)
£925 pcm
(2)
- -
All £772 pcm
(63)
£975 pcm
(38)
£811 pcm
(13)
£1,351 pcm
(7)
£1,950 pcm
(6)

Fun facts for CH1

Highest value in CH1
Highest value streets Zed-Index
Townfield Lane £688,132
Grove Road £616,049
Nuns Road £552,131
The Groves £520,185
Lea-by-Backford £508,326
Highest turnover in CH1
Highest turnover streets Turnover
Union Street 52.4%
Deeside Lane 50.0%
Sens Close 44.8%
Wharf View 44.2%
Knightsbridge Court 44.0%

What Zoopla users think of Chester

Overall rating:

  • currently 4 stars
Very good - 83% (81 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

About the neighbours in CH1

AskMe Q&A for Cheshire West and Chester

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For more information about this property, please contact
Gower & Mae, GU1 on +44 1483 665360 * (local rate)

Monthly running costs Beta

£482 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,950
Repayment term 25
Interest rate 1.5
Your payment £286 /mo How Much Could I Borrow

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)
Compare insurance deals now 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

Similar properties could save up to £180

How Much Could I Save? 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 £110 /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 Gower & Mae about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gower & Mae, and do not constitute property particulars. Please contact Gower & Mae 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.

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