Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- Student
- Investment
- Studio
High yielding and fully managed student studio for sale in the heart of Chester city centre, offering close proximity to the local university which is home to over 19,000 students. The apartment is fully tenanted for the new academic year at £157.00 per week, and offers investors a generous 8.25% net yield per annum.
Pure Investor are delighted to present Northgate Studios, a luxury student development, ideally located in the growing economy of Chester.
This spacious student studio is fully managed by one of the UK's leading student property management companies, and as such offers investors a genuinely hands free investment opportunity.
Northgate Point & Northgate Studios provides individually-designed luxury studio apartments for UK and overseas students living in Chester. The spacious contemporary studios have been designed with students in mind with floor-to-ceiling windows to optimise natural light and separate living, study and sleeping areas.
The units are self-contained studios with an en-suite bathroom, bedroom area, study area, bespoke kitchen and living area. Currently tenanted up to £145 per week, you can generate NET yields of up 8.25%.
Studio 98 - Investment Breakdown
Purchase
Price: £49,500.00
Ground Rent: £300 per annum
Service Charge: £2,085.87
Management Fee: £905.00
Gross Rental: £7,395 (51 weeks)
Net Rental: £4,084.00 (8.25%)
Tenanted at £145 p.w. until Aug 2025
Rooms
En-suite bathroom
Bedroom area
Study area
Bespoke kitchen
Living area
Places of interest
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Broadband availability and predicted speed
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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: obtained on September 26, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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