St Mary’s Square Chesterfield
St Mary’s Square Chesterfield is a former retail & office block which will comprise of a contemporary selection of studio, one and two-bed apartments.
Excellently located in the heart of Chesterfield town centre, with a wide range of popular high street and boutique shops as well as a multitude of other amenities. The local coach and train station are both less than a 10-minute walk away providing excellent links to the surrounding cities of Sheffield, Nottingham and Derby.
Project Highlights
- 40 Town Centre Residential Apartments – Estimated completion: Q3 2022
- Studios Starting From £87,995
- 1 Bed Apartments From £107,995
- 2 Bed Apartments From £122,995
- Only 5% Deposit – Build Your Deposit Through Monthly Instalments
- No Mortgage – Balance Paid via Rental Income
Location Chesterfield
Chesterfield is one of the largest towns in Derbyshire and the gateway to the Peak District, Chesterfield is a great place to invest, live or visit, combining both historical and contemporary experiences. From high street names to local specialists, arts and culture, hotels and a historic town centre market, Chesterfield has a vibrant heart.
The 85-hectare Markham Vale Business Park offers high quality industrial and office accommodation with ready access to the M1 and a skilled workforce. In Addition to this, within the town, there are two Innovation Centres at Tapton Park and Dunston offering the opportunity for start-up new technology businesses to establish themselves and grow. Therefore the property is well located to serve the new employees at a number of growing local businesses.
Local Regeneration
£320 million Chesterfield Waterside is an innovative and sustainable £320 million scheme. Therefore currently the 47th largest regeneration project in the UK. Furthermore, the site straddles the River Rother and Chesterfield Canal and alongside the A61 will provide a thriving and successful new part of the town centre. Expected to provide approximately 300 jobs, 1,500 new homes, office buildings, shops, cafés and bars.
Chesterfield Connectivity
Centrally located in the UK therefore excellently connected. Well served by the M1 and the Midland Mainline; Chesterfield sits within a 90-minute drive of four major airports. Furthermore, London is under two hours by rail. The announcement of an HS2 Station for Chesterfield will further improve rail connectivity and capacity in the future.
The second largest town in Derbyshire where 33% are employed in professional occupations, as managers, directors, senior officials and associate professional and 14% in skilled trade occupations. Therefore, making excellent tenants.
Unique Payment Plan
The Property is available on a unique payment plan, which requires only a minimal deposit to start building your portfolio! You do not require a bank mortgage; The balance owed on the property at completion will be paid from the rental income generate once it is complete and rented out, therefore making this a unique and affordable investment opportunity.
Pay a 5% initial payment towards your deposit plus £850 legal fees.
The Deposit required, will be divided by the number of months in the build term and paid on a monthly basis. Upon completion, remaining payments are covered by rental income over 5 years. Therefore perfectly suited to clients without large lump sums accessible.
All payment plans provided are correct at the time of the development launch. Therefore, after launch the months until the build reaches completion will reduce meaning monthly instalments will be condensed over a shorter time frame.
Example 1-bed apartment – No Mortgage Plan
GBP Purchase Price £107,995.00 + Legal Fees £850.00, Total Amount Due £108,845.00
Reservation Deposit 5% £5,399.75 + Legal Fees £850.00, Total at Reservation stage total due £6,249.75
Deposit £70,196.75 Required at completion. Deposit divided by 22 monthly instalments £3,190.76
Completion Stage Stamp Duty – estimated (if applicable) £3,239.00
The above total accounts for 65% of the purchase.
The 35% balance paid by the rental income from the property.
For any further information on Buy to Let Properties drop us an email at info@hanoversquarerealestate.com
