Big Student Accommodation
Chester is home to the University of Chester. It has a substantial student population of over 15,000 students. As such, buy-to-let investors may have some luck purchasing buy-to-rent properties and advertising to local students.
Popular student areas include the Garden Quarter and Hoole.
Huge Visitor Economy
Chester welcomes many visitors thanks to its rich history and numerous attractions, much like the City of York. However, York investment properties – which cost over £320,000 on average according to the HM Land Registry – are considerably more expensive than Chester, making the North West city more appealing to investors.
Some of the main tourist highlights:
- Chester Cathedral
- Chester Zoo
- Chester City Walls
- The River Dee
- Roman Amphitheatre
- Chester Races
Chester Rows is the main shopping centre in Chester, with half-timbered shop buildings on two levels up and down the street, preserving the city’s historical architecture.
Chester Zoo is a renowned zoological garden and conservation organisation. It houses over 35,000 animals from 500 species. The zoo is committed to conservation, education, and research, contributing significantly to global wildlife preservation efforts. The zoo attracts tens of thousands of visitors every day.
As such, buy-to-let investors could find success in a Chester-based short-term accommodation property investment.
Further Reading: For more property investment information, browse our guide on how to buy a buy-to-let property.