Ormonde Street, Chester, Cheshire, CH1
Property Features
- Offers Over £200,000
- £1,140 PCM current rent
- £13,200 annual rental income
- Approx. 6.84% gross yield at £200,000
- Tenants in situ.
- Reliable tenants who pay on time.
- Two-bedroom terraced house.
- Private rear courtyard.
- Convenient Chester location.
- Ideal addition to an existing rental portfolio.
Property Summary
Full Details
INVESTMENT OPPORTUNITY TENANT IN SITU
An excellent opportunity for landlords and property investors to acquire a two-bedroom terraced house on Ormond Street, Chester, with tenants in situ.
An excellent opportunity for landlords and property investors to acquire a two-bedroom terraced house on Ormond Street, Chester, with tenants in situ.
The property currently generates £1,140 per calendar month (£13,200 per annum), representing an approximate gross rental yield of 6.6% at £200,000, before any associated costs or deductions.
The property benefits from reliable tenants who pay their rent on time, providing a purchaser with an established rental income from day one, subject to the existing tenancy arrangements.
The accommodation comprises a comfortable living space, kitchen, two bedrooms and a bathroom, together with a private rear courtyard, providing a low-maintenance outdoor space for the occupants.
Located on Ormond Street, the property is conveniently positioned for access to Chester city centre, local amenities, shops, restaurants and transport links.
This is an attractive proposition for an existing landlord looking to expand their portfolio, or an investor seeking a property with an established tenant and immediate rental income.