New Launch In Chester - Northgate Point - Highly Desirable

  • Investment Type: Investment
  • Bedrooms: N/A
  • Bathrooms: N/A

Exclusive Student Accommodation - Premium Studios 

Chester, Cheshire £74,188 (prices from)

Northgate Point is located in Chester which is an ideal solution for investors.

It incorporates these modern student requirements into high-quality student accommodation.

Northgate Point will provide individually designed luxury studio apartments for the next generation of UK and overseas students living in Chester.

The development is 5-storeys in total with the 5th floor set back away from Trafford Street. Of unrivalled standards, a total of 121 student studio apartments range in size from 23m2 - 40m2. Each unit is designed to match the current market demand for high-specification accommodation, and includes: en-suite bathrooms, bespoke kitchens with contemporary appliances living, study and sleeping areas.

The site is located in a prime central location, within 10 minutes walk from The University of Chester Campus.

Chester is strategically located as a hub for major arterial roads and rail networks which means that Liverpool can be reached in only 25 minutes, Manchester in 40 minutes and London in only 2 hours.

These attributes have seen it develop a £1. l bn economy with over 13,500 businesses, which in turn provide employment for over 95% of university students upon graduation.

Founded in 1839, The University of Chester is one of the oldest English higher education establishments of any kind, excluding only Oxford, Cambridge, London and Durham Universities.

The University of Chester is home to over 18,000+ students from around the world and has invested over £11m into campus facilities to provide world-class amenities including a Learning Resource Centre, modern lecture theatres, open-access computer facilities, state-of-the-art science/skills/language laboratories, the £2 million Chester Students’ Union centre and bookshop. On-campus sports facilities include a fully equipped sports hall, gym, swimming pool, squash and tennis courts, sprint track, floodlit 3G multi-use pitch and floodlit AstroTurf pitch.

Worked Example

High-Quality Student Accommodation

Purchase price

£72,888

Reservation deposit

£5,000

50% payment on exchange

£31,444

25% payment (Feb ‘16)

£18,222

Contract Completion (Aug. ‘16)

£18,222

Gross Rent - PA

£7,507

Mgmt & Service Charge - PA

£1,676

Net Rent - PA

8% - £5,831

Ground Rent - PA

£275

Net Return On Investment - PA

£5,556

Key Features

Already under construction and complete for September 2016

Ideally located within walking distance of university campus and city centre

Contemporary design and high-standard specification

Fully-managed by leading management company

Assured returns from day one

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