Commonhall Street, Chester, Cheshire, CH1
- PROPERTY TYPE
Studio
- SIZE
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Key features
- High net yield of 8.0%
- Fully managed, hands free student investment
- Leading student management company in place
- Chester city centre location, close to university
Description
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)
- 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.
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- 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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Energy performance certificate - ask agent
Commonhall Street, Chester, Cheshire, CH1
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Visit our security centre to find out moreDisclaimer - Property reference PURCHECHR208. 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 Pure, Manchester. 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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