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Northgate Point, Chester, Chester, CH1

FloorplanPicture No. 23
2

Description

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!

The net yield based on a £70,000 purchase price is 7.75%.

X1 Sales is excited to present this fantastic student investment opportunity in Chester town centre, just 0.7 miles from the University of Chester!

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.

Property Highlights:

Standard Studio featuring a double bed, wardrobe, desk, chair, private kitchen, flat-screen TV, bathroom, and full-length floor-to-ceiling windows.
Current tenancy: 51 weeks starting from 10th September 2024, with a tenant paying £165 per week in rent.
Financial Overview:

Annual rent: £8,580
Letting/Management fee: 4% of annual rent (£343.20)
Service charge: £2,500 (covers all utilities, as apartments do not have individual metering)
Ground rent: £310
Total annual costs: £3,153.20
With an estimated net yield of 7.72% based on current income and expenses, this is a solid investment opportunity in a prime location!

For more information or to arrange a viewing (or virtual viewing), please feel free to get in touch with us today!

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Northgate Point, Chester, Chester, CH1

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chester Station0.4 miles
  • Bache Station0.9 miles
  • Capenhurst Station4.9 miles
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About X1 Sales & Lettings, Salford

9 Michigan Avenue, Salford, M50 2HA

Welcome to X1!

Whether you're looking to purchase your first buy-to-let property, build on your existing portfolio, buying for capital appreciation, or simply find your next home, X1 have properties for sale to suit a wide range of needs.

We are proud of the properties that we bring to market and our teams' in-depth knowledge of the local areas helps us to share a breadth of information to help you whatever your investment strategy may be.

Buying a property doesn't need to be a stressful experience and we are confident that when you buy with X1, it won't be.

Buying with X1 means you will enjoy a relationship with one point of contact and your sales negotiator will help every step of the way; from initial viewing, submitting an offer and will remain with you as you continue through progression and to the point of completion.

Take a look at some of our latest properties and don't hesitate to get in touch for further information - we are looking forward to working with you every step of the way!

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Disclaimer - Property reference SAL230068. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by X1 Sales & Lettings, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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