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Total views:  2500+
Guide price
£53,500

Studio for sale

Commonhall Street, Chester CH1
Studio
1 bath
279
EPC rating: C
Added > 14 days

Key information

TenureLeasehold
Council taxAsk agent

Features and description

  • 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)

About this agent

Pure Investor - Pure investor
Pure Investor - Pure investor
The Forum Tameside Business Park, Windmill Lane, Denton, Manchester M34 3QS
0161 506 6487
Full profileProperty listings
About Pure Why should you consider purchasing through Pure Investor? We're passionate about the buy-to-let property market in the UK, and feel it has a genuine claim to be an integral part of any investment property portfolio. We work hard to bring our clients the most accurate and up to date information on each project we offer. This includes aftersales, bringing you regular updates on the progress of your development. Our location in Manchester allows us quick and easy access to the developments we offer. We don’t rely on others, we regularly go and visit the developments we sell. Over half of our business today is based on referrals from existing clients. This is something we are incredibly proud of, and which we are keen to continue and improve on. Our offices are situated in Manchester, in the north west of the UK. Our client base is global, as we work with a large network of investors from destinations including the UK, Hong Kong, Malaysia, Singapore, China United Arab Emirates and India on a daily basis. If you are thinking of purchasing a buy-to-let property for investment purposes, why not contact us today to discuss your requirements in more detail? We look forward to speaking with you!
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