Modern City Centre 1-Bed Apartment - Turnkey Investment Opportunity!Apt 2 City Suites, 38 City Road, Chester, CH1 3AXPrice: 145,000Net Yield: Approx. 6.3%Lease Length: 246 years remainingService Charge: 1,845.52 Ground Rent: 350 p.a.Tenure: LeaseholdEPC Rating: Available on requestA beautifully presented and fully furnished one-bedroom apartment, ideally located in the heart of Chester city centre - just steps from Chester Railway Station.This spacious second-floor apartment is part of the sought-after City Suites development, completed in 2019, and offers an excellent opportunity for investors, professionals, or first-time buyers. Boasting 64 sq. metres of contemporary living space, the property is a short walk from the city's shops, award-winning restaurants, historic attractions, and vibrant nightlife.?? Generous double bedroom with fitted furniture?? Bright, open-plan living/dining area?? Modern kitchen with integrated appliances?? Stylish bathroom with quality fittings?? Large windows offering plenty of natural light?? Sold fully furnished - ready to let or move into?? Secure, low-maintenance building?? Prime location next to Chester Train StationInvestment Highlights:? Proven rental income: Gross 23,481.91 (Oct 2022 - Sept 2023)? Net income approx. 9,545.50 after fees, service charges, and ground rent? Mixed-use building with strong demand for both short-term and long-term rentals? Letting and management in place via Residential Estates & Hurst Property Management? Furniture included - perfect turnkey investment? High capital growth potential in a thriving and historic cityWith Chester's popularity as both a business and tourist destination, this apartment is an ideal choice for investors seeking stable income and long-term growth.Whether you're expanding your portfolio or buying your first home, this city-centre gem ticks all the boxes.?? Arrange a viewing today!Contact Residential Estates for access arrangements and further details.Tenure: Leasehold (240 years)Ground Rent: 350 per yearService Charge: 1,027 per yearParking options: Residents
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.
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