Studio Apartment in Chester City Centre

VIEWINGS VIA SOLM PROPERTY 01244 740232. 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.