Northgate Point, Chester, Chester, CH1
- BEDROOMS
1
- BATHROOMS
1
- SIZE
215 sq ft
20 sq m
Description
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!
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Northgate Point, Chester, Chester, CH1
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Visit our security centre to find out moreDisclaimer - Property reference SAL230068. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by X1 Sales & Lettings, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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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