£70,000 /Sale price

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 2026, with a tenant paying £170per week in rent.Financial Overview:Annual rent: £8,670Letting/Management fee: 4% of annual rent (£343.20)Service charge: £2202.46(covers all utilities, as apartments do not have individual metering)Ground rent: £310Total annual costs: £3,153.20With 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!