£53,500
Studio flat for sale
Commonhall Street, Chester CH1
studio Flat Property description
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)
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)
Property photos
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First listed
Over a month agoCommonhall Street, Chester CH1
Marketed by
Pure Investor - Pure investor The Forum Tameside Business Park, Windmill Lane, Denton, Manchester M34 3QSCall agent on 0161 506 6487
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Commonhall Street, Chester CH1 - Streetview
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