Situated within the popular Chronicle House development in the heart of Chester city centre, this well-presented studio apartment offers an excellent opportunity for investors seeking a fully managed, income-generating asset in a prime location.
The apartment features a smart and efficient layout, making excellent use of the available space. Upon entry, a private hallway provides access to a useful storage cupboard and leads through to a contemporary en-suite shower room. The main studio area is bright and versatile, comfortably accommodating sleeping, living and study space, with a fitted desk area ideal for students. A large window allows for plenty of natural light, creating an inviting living environment.
Positioned within the main living space is a modern kitchenette, fitted with a range of wall and base units with work surfaces over. Integrated appliances include a hob with extractor, microwave, under-counter fridge and sink with drainer, providing practical and well-designed cooking facilities.
The accommodation is completed by a sleek en-suite shower room, comprising a shower enclosure, wash hand basin and WC, finished with modern fittings and tiling.
Chronicle House enjoys a central position within Chester, offering immediate access to a wide range of shops, restaurants and leisure facilities, as well as convenient transport links and close proximity to the University of Chester, making it a consistently popular choice for student tenants.
Investment Information
All lettings are managed in accordance with the building's management scheme, providing a hands-off investment for landlords.
The property was recently tenanted at £227.50 per week until 28th August 2026. Available records indicate consistent occupancy in recent years, demonstrating ongoing demand for this central location. The information below is for guidance only.
Lease Term: 239 years remaining
Service Charge: £432.58 per calendar month
Management Fees: Approximately 10% of rental income
Investment Yield Breakdown
As an example based on a purchase price of £35,000, the property offers an attractive return profile:
Annual Gross Income: £11,830
Gross Yield: 33.8%
Estimated Annual Costs:
Service Charge: £5,190.96
Management Fees: £1,183
Estimated Net Income: £5,456 per annum
This equates to a net yield of approximately 15.6%, offering a strong return for a fully managed, hands-off investment.
Opportunities at this price point with established income and double-digit net returns are increasingly rare within central Chester. Cash Buyers only.
TCPA have not inspected the above property all information supplied by joint auctioneer and vendor.
* Plus 3% Buyers Premium plus VAT
Prime Chester city centre location
Approx. 33.8% gross yield / 15.6% net yield
Fully managed, hands-off investment
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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