Stunning New Town Centre Apartments
Chesterfield, Derbyshire
£79,000

Net
Gross
Finance

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These stunning new apartments start from just £66,500 and are set in a handsome mock Tudor building right in the heart of Chesterfield town centre. The beautiful conversion marries the building’s existing period features with modern design to create a contemporary living environment full of character, with the majority of the development being sold to owner-occupiers.

Located on the historic Knifesmithgate in the centre of Chesterfield, close to the town’s medieval quarter; The Shamles, the new homes are right on the doorstep of all local amenities, including a Marks & Spencer right across the street opposite. Featuring exposed brickwork, high ceilings with recessed spotlighting and impressive Georgian sash windows which flood each of the rooms with natural light, the mix of 1-bed apartments and 2-bed duplexes provide a level of living far above anything else on the market in the local vicinity.

With tenants living right in the centre of town, they are minutes from the main shopping districts as well as its bars and restaurants. A 9-minute walk away, Chesterfield Train Station provides regular commuter services into Sheffield (18 minutes), Nottingham (37 minutes), Leeds (57 minutes) and London St Pancras (2 hours 30 minutes), as well as Chesterfield Royal Hospital being just over a mile from these luxury apartments. For those looking to travel further afield, the M1 motorway is also just a short 10-minute drive away.

With some of the units already tenanted and viewings taking place for the other units, these homes provide an outstanding return for investors in a town with a key central location, excellent transport links and famous nearby attractions. Properties in and around this postcode have seen a 20% house price growth in the last 5 years according to PropertyData, and the average asking price for a 2-bed property is £119,000, well above the price we are delighted to offer these homes at.

Location

 

Located in Derbyshire, 13 miles south of Sheffield and close to Derby, Nottingham and Leeds, the historic market town of Chesterfield has a history of significance way beyond its immediate area. Whilst the town is famous for its 800-year-old open air market and its unique and unusual Crooked Spire Church, it’s full of forward-looking ambition, with a huge amount of public and private sector investment taking place, forging it ahead into the new century.

Close by is Chesterfield Waterside; one of the largest regeneration initiatives in the UK. An innovative and sustainable £320 million scheme, it’s the country’s 47th largest development project. Located on the site of the old Trebor factory, the major mixed-use development includes the creation of a new community with 1,500 modern houses and apartments plus as a host of new employment opportunities in its Grade A office accommodation.

Chesterfield Waterside is just one of a huge number of redevelopment projects taking shape across the town, with others including Peak Resort, Markham Vale, HS2 Chesterfield, Northern Gateway, The Glass Yard and Chesterfield Elder Way to name a few, totalling over £1 billion of investment being injected into the region.

To learn more about this fantastic opportunity and why we think it makes for a great investment, contact one of our expert consultants today.


Worked Example

1-bed apartment, The Gates
Assetz Price £79,000
Assetz Fee £3,600
Deposit £19,750
Rental Income £550pcm
Mortgage rate & LTV 3.89% @ 75% LTV*
Mortgage Costs £192 pcm
Service Charge & Ground Rent £160 + £720
Gross Yield 8.35%
Net Yield 7.24%
Return on Investment 14.6%
* Finance subject to status and lender's criteria


Key Features

Built with some units now tenanted
Fantastic town centre location
High specification conversion
Full of character
Exposed brick walls
Large Georgian sash windows
Gas central heating
Lots of investment in Chesterfield
Huge redevelopment projects taking place nearby
20% house price growth over the last 5 years
Close to all local amenities
Marks & Spencer directly opposite
Quick commuter links into Sheffield & Nottingham


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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.