Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- High net yield property 8.0% net
- Chester city centre location
- Short walk to the university campus
- Fully managed and hands free investment
- Leading student management company in place
Located within the city walls, students at Chronicle House have the city’s picturesque cathedral and famous shopping rows on their doorstep. The University of Chester is just a 20 minute walk from the building, or just 7 minutes for those who enjoy to bike (Chronicle House has bike storage).
Chronicle House is home to 61 students each year, offering a range of studios including our budget-friendly Single Bed Studios from just £150 per week, to our spacious deluxe apartments. Perfect for both undergraduate and postgraduate students.
Studio 2.08 - Investment Breakdown
Price - £53,500 (new tenancy until August 2025)
£9,600 Gross Rental Per Year
£200 per week x 48 = £9,600.00 gross
Service charge - £3,973.56 per year
Lettings fee - 9% plus VAT = £1,036.80
Ground Rent - £295.00 per annum (243 year lease)
Net Return - £4,294.64 or 8.0% net
Chronicle House - Communal Facilities
Gym
Social Area
Laundry Room
Free Wifi
Accommodation Team
Bike Storage
Smart TV's
Bill Included
Reservation and Purchase Process
Complete a reservation form to secure the unit
Pay a £2,000 non-refundable reservation fee
Solicitors instructed
Balance due on completion (less reservation fee paid)
Places of interest
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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: obtained on June 25, 2022 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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