Studio apartment in Chester city centre

This studio apartment is situated within the popular Chronicle House development in the heart of Chester city centre, offering an excellent opportunity for investors. It features a private hallway with a storage cupboard, leading to a contemporary en-suite shower room. The main studio area is bright and versatile, accommodating sleeping, living, and study space, with a fitted desk area. A large window provides natural light. The kitchenette is fitted with wall and base units, work surfaces, a hob with extractor, microwave, under-counter fridge, and sink. The en-suite shower room includes a shower enclosure, wash hand basin, and WC, finished with modern fittings and tiling. Chronicle House is centrally located in Chester, providing immediate access to shops, restaurants, leisure facilities, and transport links. It is also in close proximity to the University of Chester, making it a popular choice for student tenants. The property is fully managed according to the building's management scheme, offering a hands-off investment. It was recently tenanted at £227.50 per week until 28th August 2026, with a history of consistent occupancy. The lease term has 239 years remaining. The service charge is £432.58 per calendar month, and management fees are approximately 10% of rental income. Based on a purchase price of £35,000, the estimated annual gross income is £11,830, resulting in a gross yield of 33.8%. Estimated annual costs include service charge (£5,190.96) and management fees (£1,183), leading to an estimated net income of £5,456 per annum, or a net yield of approximately 15.6%. This property is suitable for cash buyers only. TCPA has not inspected the property; all information is supplied by the joint auctioneer and vendor.