1 bedroom property for sale
Key information
Property description & features
- Tenure: Leasehold
The net yield based on a £70,000 purchase price is 7.75%.
X1 Sales is excited to present this fantastic student investment opportunity in Chester town centre, just 0.7 miles from the University of Chester!
Northgate Point, opened in 2016, offers everything you would expect from a modern student complex. With its contemporary design and stylish interior, this development redefines traditional student accommodation, providing luxurious living for those who appreciate comfort and quality.
Property Highlights:
Standard Studio featuring a double bed, wardrobe, desk, chair, private kitchen, flat-screen TV, bathroom, and full-length floor-to-ceiling windows.
Current tenancy: 51 weeks starting from 10th September 2024, with a tenant paying £165 per week in rent.
Financial Overview:
Annual rent: £8,580
Letting/Management fee: 4% of annual rent (£343.20)
Service charge: £2,500 (covers all utilities, as apartments do not have individual metering)
Ground rent: £310
Total annual costs: £3,153.20
With an estimated net yield of 7.72% based on current income and expenses, this is a solid investment opportunity in a prime location!
For more information or to arrange a viewing (or virtual viewing), please feel free to get in touch with us today!
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*DISCLAIMER
Property reference SAL230068. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by X1 Sales and Lettings - Greater Manchester.
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Broadband availability and predicted speed
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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