Tenanted BTL in Chester
About this property
A great opportunity to purchase a high yielding student apartment with a tenant already in situ.
Based in Chester city centre and is situated roughly half a mile from the main University of Chester campus. This central positioning provides investors with consistent tenant demand due to its walkable proximity to both university facilities and local transport links.
Financials:
Purchase price = £34,000
Annual rent = £6,720
Gross yield = 20%
Net yield = 9%
With high demand in this area and zero stamp duty to pay, this is an ideal property for either a first time investor or anyone looking to park their capital in a high yielding asset which is fully managed and hassle free.
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Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.