Prosperity Wealth

St Mary’s Square

Chesterfield

Overview

Forming part of Prosperity’s conversion portfolio, St Mary’s Square is a former retail/office block which will comprise of a contemporary selection of studio, one and two bed apartments.

St Mary’s Square is 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 an excellent links to the surrounding cities of Sheffield, Nottingham and Derby.

Key points

  • Property type:
    PDR conversion
  • Location:
    Chesterfield
  • Units available:
    40 studio, one & two bed apartments
  • Guide price:
    £87,995 - £122,995
  • Predicted yield:
    6.6%

Status: Planning granted

Estimated completion: Q3 2022

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It's all about the location

St Mary’s Square is located on Burlington Street in the thriving market town of Chesterfield. As 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.

Location 01

Location

One of Derbyshire's largest market towns and gateway to the Peak District with a thriving centre built around tradtional market squares.

02

Economy

GVA in Chesterfield has grown by 28% in the last 5 years and provides jobs for over 48,000 people. The town receives in excess of 20,000 inward commuters each day.

Economy
Business 03

Business

From IT, world class engineering and communication companies to high street retail and local specialists, the town has a vibrant heart for business.

04

Regeneration

There are currently over £1 billion of regeneration projects in progress and many more opportunities on the way including a masterplan to redevelop the town centre.

Regeneration
Connectivity 05

Connectivity

The M1 motorway is on the doorstep, regular and direct trains operate from the local station and four major airports are no more than 90 minutes away.

06

Education

With six universities less than an hour away including UK Top 20 University of Derby Chesterfield Campus.

Education
Investment 07

Investment

Set to benefit from the roll-out of HS2 with a designated train link cutting journey times to London.

The property & investment

Prosperity’s trademark design delivers style and contemporary elegance to every development. All homes will feature an open plan living area, stylish custom fitted kitchen with integrated appliances and a contemporary white bathroom suite.

Each apartment has been intelligently planned to create the best accommodation flow possible in which to socialise and relax and an individual specification selected to maximise the appearance and long-term enjoyment of each newly created home.

Payment plans

No Mortgage

1 Bedroom Apartment

Purchase Price: £107,995.00
Reservation Deposit: £5,399.75 plus £850 legal fee
Monthly Payment Stage: 22 x £3,190.76

Remaining payments are covered by rental income over 5 years.
This option is perfectly suited to clients without a large lump sum. Payments can be made across the build term – keeping payments low.

Payment plan provided is correct at the time of development launch.

Estimated gross rental income £600 per month / £7,200 per year
Estimated gross rental yield 6.6%

Monthly & Mortgage

2 Bedroom Apartment

Purchase Price: £122,995.00
Reservation Deposit: £6,149.75 plus £850 legal fee
Monthly Payment Stage: 22 x £1,397.67

Balance is paid by way of an arranged mortgage or cash.
This option is perfectly suited to clients without a large lump sum. Payments can be made across the build term – keeping payments low. This payment plan is only available on selected plots.

Payment plan provided is correct at the time of development launch.

Estimated gross rental income £650 per month / £7,800 per year
Estimated gross rental yield 6.3%