Northgate Point, Chester, Chester, CH1 1 bed property for sale

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Northgate Point, Chester, Chester, CH1 1 bed property for sale

Northgate Point, Chester, Chester, CH1
£70,000

Our Summary

  • Excellent ready-made investment opportunity with tenant and management company in place
  • X1 Sales is excited to present this fantastic student investment opportunity in Chester town centre, just 0
  • 72% based on current income and expenses, this is a solid investment opportunity in a prime location

Description

This investment opportunity is a stylish student studio apartment located in Chester town centre, just 0.7 miles from the University of Chester. The property features a double bed, wardrobe, desk, chair, private kitchen, flat-screen TV, bathroom, and full-length floor-to-ceiling windows. The current tenancy runs from September 2024 to June 2025, with a tenant paying £165 per week in rent. The estimated annual costs, including a letting/management fee, service charge, and ground rent, total £3,153.20. With an estimated net yield of 7.75%, this is a solid investment opportunity in a prime location. The property is being sold with a purchase price of £70,000, making it an excellent ready-made investment opportunity with a tenant and management company in place.
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