10 Garden Terrace, Chester

Portfolio8 brings to the market this mid-terraced property within walking distance of Chester city centre. The property offers up a living room, dining room and rear extended kitchen, upstairs is 2 double bedrooms and a family bathroom, there is a small front garden and rear yard. The property comes with tenants in situ who have been there over 5 years and have been excellent tenants with a glowing reference from the current landlord.

Investment Breakdown

• Full address: 10 Garden Terrace, Raymond Street, Chester CH1 4HH
• Purchase price £185,000.00
• Current rent: £550.00pcm
• Gross annual rental income: £6,600.00
• Current yield: 3.6%
• Expected rent: £800.00 - £825.00
• Expected yield: 5.4%
• Refurbishment: The window lock in one of the bedrooms needs repairing. The rest of the property is in good condition.
• Freehold
• Self-managed
• On average local agents are charging 10% + VAT monthly management fee and £500 + VAT tenant find fee.
• Current tenants moved in on 01/01/2018
• Current tenants are on a rolling contract

Chester is a city in northwest England with a rich history, beautiful architecture, and a thriving economy. Here are some reasons to consider investing in property in Chester:

Strong rental market: Chester is home to two universities, which means there is a constant demand for rental properties from students. The city also has a strong tourism industry, attracting visitors throughout the year. This creates a stable rental market, making it a great place to invest in buy-to-let properties.

Growing economy: Chester has a growing economy, with major employers including the financial services sector, retail, and tourism. The city has a strong and diverse economy, which makes it a great place to invest in property. Property prices have been rising in recent years, which indicates a positive outlook for the market.

Transport links: Chester is well-connected, with easy access to major cities such as Liverpool and Manchester. The city is served by a major train station and has good road links to the rest of the country. This makes it a great location for commuters or those who need to travel frequently.

Historic city: Chester has a rich history dating back to Roman times, and its historic city centre is a major draw for tourists. The city has a unique charm, with beautiful architecture, ancient city walls, and a vibrant cultural scene. This makes it a popular destination for visitors and a desirable place to live.

Property options: Chester has a range of property options, from historic buildings to new developments. Whether you're looking for a traditional period property or a modern apartment, there is something to suit every taste and budget.

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