Modern Method of Auction
Auction date not yet published
1-bedroom flat · CH1 4LZ
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented one bedroom ground floor apartment occupying a quiet position within easy walking distance of Chester city centre.
Offering stylish, low maintenance accommodation together with allocated parking, the property would make an excellent first time buy or city base, with the current owner having thoughtfully improved the apartment to create a modern and cosy home.
Internally, the entrance hall provides access to each of the principal rooms along with a deep storage cupboard.
The heart of the apartment is the open plan kitchen, dining and living space, where an impressive window brings plenty of natural light into the room and provides an outlook over the communal car park.
The kitchen incorporates a breakfast bar alongside a good range of storage and worktop space, creating a sociable divide between the kitchen and living area.
The bedroom is a good sized double and again benefits from a large window, whilst the contemporary bathroom has been updated with a three piece suite comprising bath with shower over, wash basin and WC.
An intercom entry system provides access for visitors, with the property also benefiting from its own allocated parking space.
Saddlery Way is particularly well positioned for those wanting convenient access to the city, with Chester city centre approximately a 10 minute walk away and the racecourse and River Dee also close by.
The location provides an excellent balance between city living and a quieter residential setting, with the shops, restaurants, cafés and leisure facilities of Chester all within easy reach.
Service charge: £1,620 Per annum Ground rent: £250 Per annum Years remaining: 80 years (2026) This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 49, Saddlery Way, Chester
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