Chester, CH1 3HP | Investment Property for Sale | VES-CH1-001

Opportunity to purchase an apartment in Chester generating £5,980 rent pa & gross yield of 7.5%

£80,000

Student studio apartment

VES-CH1-001

INITIAL INVESTMENT

£24,900

Based on

deposit: £20,000

stamp duty: £2,400

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£5,980

GROSS YIELD

7.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£275

0 bedrooms

1 bathroom

1 reception room

290

Fully Furnished

Please note that this property is for cash buyers only due to the low value

Leasehold information

  • Length of lease: 250 years
  • Year lease started: tbc
  • Service charge: tbc

Property information

  • Located on level 3
  • Self-contained student studio apartment comprising:
    • Double bed
    • Built-in wardrobe
    • Study table and chair
    • TV
    • Wifi
    • Fully fitted kitchen
    • Ensuite bathroom
  • We have been advised that an EWS1 certificate is not required due to the building materials used
  • EPC rating B

Rental information

  • Monthly rental income: £498.33
  • Annual rental income: £5,979.96

Location information

  • The property is located just outside the city centre of Chester, with all amenities on the doorstep
  • Chester railway station is a 10-minute walk away
  • The university can also be reached in 15 minutes on foot

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Chester, Cheshire

Chester is a cathedral city in Cheshire, in the north-west of England and close to the border with Wales. It lies around 7 miles south of Ellesmere Port, 17 miles south of Birkenhead, 20 miles south of Liverpool and 14 miles north of Wrexham.

There are a number of major roads going through and past Chester such as the M53 motorway towards the Wirral Peninsula and Liverpool, the M56 motorway to Manchester, the A55 which runs along the Welsh coast to Holyhead and the A483 which links the city to Wrexham and Swansea.

Chester railway station runs services by Avanti West Coast, Merseyrail, Northern and Transport for Wales. Scheduled Avanti West Coast trains run to London Euston and Holyhead, Merseyrail trains run to Liverpool, Northern trains run to Manchester Piccadilly and Leeds, and Transport for Wales trains run to Liverpool Lime Street, Manchester Airport, Crewe, Birmingham New Street, Cardiff Central, Llandudno and Holyhead.

There are a large number of attractions in Chester and the city walls are one of them. Aside from a 100m section the Grade I listed walls are almost complete, measuring almost 2km, making Chester one of the best-preserved walled cities in Britain. Other prominent buildings include the Rows, Chester Town Hall, Chester Cathedral, the Roman amphitheatre and Chester Castle. Steeped in long history there are many visitors tours to choose from including walking tours, bus tours and even a river cruise. Chester Zoo is another great attraction for the whole family year-round and lies to the east of the city.

For any outdoor lovers there is the Cheshire Peak District with almost 100 square miles of nature including parts of the Peak District National Park. One can find a large choice of walking trails including the 35 miles Gritstone Trail, as well as several unique market towns and 7 National Trust properties.

Any shopping needs can be satisfied with a visit to the High Street, especially the Rows, as well as the two main shopping centres The Grosvenor Shopping Centre and the Forum.

Chester’s economy is largely made up of service industries such as tourism, retail, public administration and financial services. Some of the financial services employers include Bank of America, MBNA, NFU Mutual, Lloyds Bank, Virgin Money, Quilter, Diner’s Club and M&S Bank. Other large employers include the University of Chester and the Countess of Chester Hospital.

Trafford Street,

Chester,

Cheshire West and Chester,

England,

CH1 3HP

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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