Chronicle House, Commonhall Street, Chester

£35,000

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 is currently tenanted at £227.50 per week, with the existing tenancy in place until 28th August 2026. Available records indicate consistent occupancy in recent years, demonstrating ongoing demand for this central location.

Lease Term: 239 years remaining

Service Charge: £432.58 per calendar month

Management Fees: Approximately 10% of rental income

Investment Yield Breakdown

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.