Property Details: - Type: Property - Bedrooms: 1 - Bathrooms: 1
Agent: X1 Sales and Lettings - Greater Manchester Phone: 0161 506 3018
Excellent ready-made investment opportunity with tenant and management company in place. 0.7 miles from University of Chester. Estimated 7.75% net yield return based on current income and expenditure!<br/><br/>The net yield based on a £70,000 purchase price is 7.75%.<br/><br/> X1 Sales is excited to present this fantastic student investment opportunity in Chester town centre, just 0.7 miles from the University of Chester!<br/><br/>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.<br/><br/>Property Highlights:<br/><br/>Standard Studio featuring a double bed, wardrobe, desk, chair, private kitchen, flat-screen TV, bathroom, and full-length floor-to-ceiling windows.<br/>Current tenancy: 51 weeks starting from 10th September 2026, with a tenant paying £170per week in rent.<br/>Financial Overview:<br/><br/>Annual rent: £8,670<br/>Letting/Management fee: 4% of annual rent (£343.20)<br/>Service charge: £2202.46(covers all utilities, as apartments do not have individual metering)<br/>Ground rent: £310<br/>Total annual costs: £3,153.20<br/>With an estimated net yield of 7.72% based on current income and expenses, this is a solid investment opportunity in a prime location!<br/><br/>For more information or to arrange a viewing (or virtual viewing), please feel free to get in touch with us today!<br/><br/>
