Enquire About This Investment
95 Ermine Road - Chester
One of the most desired postcodes in Chester, ‘a village within a City’ - CH2 3PP
Predicted NET Yields of 8%+
Price: £310,000
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* Images purely for illustrative purposes and may not be the actual apartment for sale.
Investment Highlights
| Gross income is £2,792.50 per month or £33,510 per annum |
| Net income £2,065 per month or £24,780 per annum. |
| Net return on a cash purchase of £310,000 = 8% |
| Recently Refurbished |
| Current owner has owned for 25 years |
| Communal areas & 2 Shared Bathrooms |
| Prices From | £310,000 |
| Build Completion | Completed |
| Bedrooms | 6 |
| Predicted NET Yields | 8%+* |
| Finance | Yes** |
| Rental Guarantee | No |
** The provision of lender finance for your purchase is dependant upon individual circumstances and cannot be guaranteed. We advise you to obtain independent financial advice before entering into an agreement upon which you will be relying upon lender finance. Any decision to proceed with lender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase. Please read the FAQs above for more information.
HMO Opportunity - Chester
A fantastic 6 bedroom HMO in one of the most popular areas in Chester for students, Hoole in Chester – one of the most desired postcodes in Chester as it is a village within a City but the actual City is just a few minutes away, as are the various parts of the University.
The seller has had this for nearly 25 years, with the only voids being when the tenants have left after term and then replaced once the room has been refreshened, and the property has been constantly kept in a tip top condition.
The property has 6 bedrooms, with a separate communal lounge, kitchen, with newly fitted fixtures and fittings and has 2 shared bathrooms.
There are many ways to further enhance the property and its value, with one being looking at an option of converting to serviced accommodation at some point – but saying that, the student market is massive, particularly with Chester’s policy on welcoming the international student.
Each student pays £135 per annum as a contribution towards Gas and Electricity at the start of the agreement.
Price: £310,000
Enquire About This Investment
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