Chronicle House, Chester is the redevelopment of an old newspaper HQ to 61 bespoke student studios complete with gymnasium, laundry room and fully equipped entertainment communal area.
As with all Fortis’s recent 11 successful student developments, Fortis fully manage the development with an experienced team and on site care taker.
Chester, with a population of 77,040 (2001) is located on the border of Wales. The city was voted in the top 5 prettiest cities in an American poll coming above cities such as Venice, Paris and Rome.
Chester is one of the best preserved walled cites throughout the UK, boasting a number of medieval buildings and some of the black and white buildings within the city centre are Victorian restorations.
With a purchase price of £64,995 for a studio apartment and a NET yield of 8.42% these self contained units, with entertainment lounges, gymnasiums and communal areas can bring in an income of up to £7,012PA (gross) giving you a NET income of up to £5,469PA.
The student renting market is something not many people think of when talking about property investment, however with low entry points and guaranteed high returns, purchasing a student let can be the way forward for landlords wanting a good cash investment.
These blocks of studio flats provide the students of city universities a top quality facility. Often complete with gymnasiums, entertainment rooms and 24 hour CCTV it is no surprise there is a high demand coming from foreign students who are willing to pay the price for this type of accommodation. Best of all, these apartments come as a total armchair product, with many of the developments housing their own concierge service. The yields are very attractive and often guaranteed for the first year.
With less speculative growth, student lets are good income generators for both current or new landlords and could be a great investment to have in your property portfolio.Register your interest
- Studio Apartment
- Sale Price: £64,995
- Annual Maintenance Fee: £1,222
- Annual Management Fees: £420
- NET Income: £5,469.75
- NET Yield (%): 8.42%
- Availability: Sold out