Summary - 32 Corinthia House, Trafford Street CH1 3HP
1 bed 1 bath Not Specified
Ready-made buy-to-let close to University of Chester with tenant in situ.
Built 2016 modern studio with balcony and floor-to-ceiling windows
A compact, modern studio in Northgate Point, built 2016 and aimed squarely at the student market. The flat is currently let to a tenant on a 51-week contract at £170 per week, producing annual rent of £8,670 and an estimated net yield around 7.7% after fees and charges. Service charge covers utilities but means no individual metering for apartments.
The apartment is practical for an investor: contemporary fittings, floor-to-ceiling windows and a balcony maximise rental appeal, and the development is only 0.7 miles from the University of Chester. Management and tenancy are already in place, offering a ready-made income stream with letting/management fees of 4% and predictable costs.
Important leasehold details to note: this is a leasehold unit with an average annual service charge of £2,202.46 and ground rent of £310. Heating is electric via room heaters, which can be costlier for tenants than gas alternatives. The property sits in a city centre area classed as a cosmopolitan student neighbourhood within a wider hampered-aspiration locality.
This is a straightforward purchase for a buy-to-let investor seeking immediate student income and hands-off management. The main trade-offs are the service charge, ground rent and electric heating — factors that affect net returns and tenant running costs but are already reflected in the advertised net yield.
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