Studio flat · CH1 3HP
Sold STCListed 223 days
Opportunity summary
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About
Property Overview Apartment 42 at Northgate Point offers a hands-off, fully managed student investment in one of Chester's most established and well-performing student accommodation schemes.
Located just minutes from the University of Chester campus and within easy reach of the city centre, Northgate Point remains a consistently popular choice for students seeking quality, modern living.
This self-contained studio unit is designed to maximise rental demand, with contemporary interiors, high-spec finishes, and access to on-site facilities.
With an excellent rental track record and strong projected performance for future academic years, the apartment presents an attractive opportunity for investors seeking stable, predictable income.
________________________________________ Financial Overview Current Rental Income (2025/26) * £170 per week * 51-week tenancy * Annual income: £8,670 Next Academic Year (2026/27) - Not Yet Let * Marketed rental level: £184 per week * 51-week estimated income: £9,384 This provides immediate upside potential for the next cycle, with rental uplift already forecast.
________________________________________ Outgoings * Service Charges: £2,423.70 per annum * Management Fees: 10.2% + VAT o Equivalent to £884.34 + VAT per annum (based on current rent) * Ground Rent: £431.74 per annum * Lease Term Remaining: 241 years The development offers a long lease and predictable annual costs, ensuring clarity and long-term security for investors.
________________________________________ Yield Profile Current Gross Yield At the current annual income of £8,670: Gross Yield: 17.34% Projected Gross Yield (2026/27) At projected income of £9,384: Gross Yield: 18.77% Net Yield Estimate Using current rental income and annual costs: * Net rental income (after service charges, management fees & ground rent): £4,930.22 * Net Yield: 9.86% Strong net returns of nearly 10% make this a compelling option for investors seeking robust, inflation-beating income.
________________________________________ Development Highlights - Northgate Point * Premium student accommodation block located close to the University of Chester * Modern, fully furnished studios with private kitchenettes and en-suite bathrooms * Professional on-site and block management * High occupancy rates historically * Proven rental demand supported by Chester's strong student population * Designed specifically for long-term investment stability Northgate Point continues to deliver consistent occupancy, strong rental levels, and low void risk, key factors for any investor targeting reliable yield performance.
________________________________________ Why Invest in Chester Student Property?
* Chester offers a resilient student market with thousands of full-time students * Limited supply of high-quality student studios in comparison with demand * Long-term rental stability regardless of wider economic conditions * Attractive purchase price points enabling high yields and accessible entry for investors ________________________________________ Summary Apartment 42, Northgate Point, presents an exceptional opportunity to acquire a fully managed, high-yielding student investment for just £50,000.
With potential for rental growth next academic year, strong tenancy history, and nearly a decade of proven performance in the development, this is a compelling option for investors seeking hands-off income in a secure, purpose-built asset.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Trafford Street, Chester, Cheshire, CH1
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