Chronicle House, Commonhall Street, Chester, CH1 2AB

Guide Price £20,000 to £30,000 * Plus 3% Buyers Premium plus VAT For sale by unconditional online auction, registration is now open. Bidding opens on 28/10/2026 17:30 and ends on 28/10/2026 18:20.

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.

Unconditional lot Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 3%+VAT (subject to a minimum of £3,000+VAT) buyers premium and contracts are exchanged.

The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.

The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).