5 Chronicle House, Commonhall Street, Chester Cheshire, CH1 2AB

Description

Flat 5 Chronicle House, Commonhall Street, CH1 2AB

An excellent opportunity to acquire a high-yielding student investment apartment within the popular Chronicle House development in the heart of Chester city centre.

This self-contained studio apartment is fully furnished and equipped with a modern kitchenette and private ensuite shower room.

Chronicle House offers a range of high-quality on-site amenities, including a gymnasium, games room, cinema room, and secure bicycle storage, making it a consistently popular choice among students.

Tenure / Property Information

Council Tax Band: A; Tenure: Leasehold; Years Remaining on the Lease: 239

Investment Analysis

HB analysis uses the supplied Edward Mellor scrape as the primary property source. Auctioneer facts are separated from HB desktop estimates; all figures should be verified before bidding.

Investment Snapshot

Market Comparables

No priced sold comparable was captured in the supplied scrape. Base GDV £35,000 is an HB desktop estimate because no priced sold comparable was captured in the supplied scrape; independent sold-evidence research is required before bidding.

Proposed Works

HB desktop works allowance: £5,000. Allow for inspection-led repairs, decoration, safety/compliance items and contingency.

Rental Value

The property is currently tenanted for the full academic year at £220 per week. This produces an annual income of approximately £11,440 and after standard management and service charge costs, this equates to a net yield of around 16%, providing immediate income from completion.

Low / Base / High Investment Scenario

BTL Analysis

A defensible BTL yield cannot be calculated from the supplied scrape because a monthly rent was not established.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £26,250. Against purchase plus works of £35,000, indicative cash left in is £8,750. Finance, tax, legal fees and lender valuation haircuts are excluded.

Flip Analysis

At the HB base GDV, after purchase plus works and an indicative 2% selling allowance, the pre-finance/pre-tax flip surplus is approximately £-700. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £24,050. This is a desktop screening ceiling only, not a formal valuation or instruction to bid; SDLT, finance, legal fees and property-specific abnormal costs must be added separately.

Strategy Recommendation

Most relevant strategy: Flip / Owner Occupier. The choice reflects the scraped condition/occupancy narrative, available rent evidence and the relationship between the starting bid, works allowance and HB base GDV.

Strategy Rating

BTL ★★☆☆☆; BRRR ★★☆☆☆; Flip ★☆☆☆☆

Key Risks

• lease terms, service charge and ground rent must be checked against the legal pack
• thin priced sold-comparable evidence in the supplied scrape
• rental value requires independent letting-agent verification
• tenancy status, arrears and possession position require legal verification

Analysis Confidence

Low-Medium. Confidence reflects the quality of the supplied listing information, embedded coordinates/images, and the amount of sold/rental evidence captured in the scrape.