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Student HMO Within the Chester Walls

£ 1,300,000 For Sale
Freehold 25 Bedroom Mid-Terraced House HMO Property For Sale
Kings Buildings King Street Chester Cheshire CH1 - REF #128
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0203 970 4112
New
Price : £ 1300000
Gross Yield : 11.11 %
Gross Monthly Rent: £ 12040
Operational Costs: £ 1863
Management : £ 1567
Net Monthly Rent: £ 8610
Net Yield: 7.95 %

High performing Student House of Multiple Occupation within the Chester Walls. The property was fully renovated in 2014 and has experienced close to 100% occupancy rates in the previous 5 years. It is located within a safe residential street with a walled perimeter and CCTV. There is a land development opportunity at the rear of the building. The land is currently utilised as a carpark.

Property Sub Type: Mid-Terraced House
No Storeys: 3
Tenure: Freehold
Construction: Brick & Tile
Condition: Excellent
Garage: None
Heating: Gas Central Heating
Double Glazing: Full
Tenant Type: Student
Fully Tenanted
Fully Refurbished
Great Location
Strong Rental Demand
Capital Growth Potential
Good Transport Links
Fully Managed
CCTV
Wireless Broadband
Shared Kitchen Dining Area
HMO Compliant Fire Alarm
Single: 3
Single Ensuite: 1
Double: 16
Double Ensuite: 5
Total Lettable Units: 25
Kitchens: 3
Ensuite Bathrooms: 5
Shared Bathrooms: 5
Room Type: Price
Single Room / Shared Bathroom £ 482
Single Room / Shared Bathroom £ 482
Single Room / Shared Bathroom £ 482
Single Room / Ensuite £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 482
Double Room / Shared Bathroom £ 481
Double Room / Shared Bathroom £ 481
Double Room / Shared Bathroom £ 481
Double Room / Shared Bathroom £ 481
Double Room / Shared Bathroom £ 481
Double Room / Ensuite £ 481
Double Room / Ensuite £ 481
Double Room / Ensuite £ 481
Double Room / Ensuite £ 481
Double Room / Ensuite £ 481
Gross Monthly Rent: £ 12040
HMO Licence Required: Yes
HMO Licence In Place: Yes
Electric:£ 756
Water:£ 115
Insurance:£ 172
Cleaner:£ 277
Service Charge (LH Only) :£ 543
Total Costs:£ 1863
Management:£ 1567
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