front elevation
Latest Valuation
£340,000
ROCE
%
Location

2 Bed BTL Apartment in Chester City Centre

Grade II Listed Property - Off-Market
Guide Price
£285,000

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Key Features

  • Central Location
  • Grade II Listed Property
  • Perfect for Service Accommodation
  • 2 minute walk to Chester Race Course
  • Allocated Parking

The Property

A 2 bedroom duplex apartment in Chester City Centre with allocated parking.

The property is a 2 minute walk to Chester Race Course, making it a perfect BTL investment .

Commercial tenant in situ for the next 4 years.

Watergate Street is one of the most beautiful streets in Chester. This stunning historic duplex apartment with large rooms, high ceilings and original features, is a perfect base to enjoy the sites. It has 2 spacious double bedrooms, entertaining kitchen and a large bathroom.

Rics Valuation: £320,000 - £340,000
Achievable Rent: £1,000 pcm
Minimal Ground Rent: £25 PA
Total Gross Annual Income: £12,000
SA Tenant in Situ - 4 Years Remaining
Sourcing Fee: 2% of PP

Planning Information

N/A

The Plan

This property is currently used as serviced accommodation, with 4 years remaining on the lease.

This is a great 'hands-off' investment, with the opportunity for the lease to either be extended or negotiated as part of the sale process.

The Location

Watergate Street is one of the most beautiful streets in Chester.

Town centre location, close to all amenities.

Only 20 minute walk to train station and 10 minute walk to bus station.

Chester race course is a 2 minute walk at the end of Watergate Street.

Average estimated value for a house in CH1

£

Commercial lease already in place with 4 years remaining.

Current cashflow based on lease option of £1,000 pcm.