1-bedroom bungalow · CH3 5NZ
For saleReduced £14.5k (−9.1%) on 28 JulListed 368 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 70% share in a one bedroom semi-detached retirement bungalow, with an east facing rear garden, communal residents’ parking and a very popular cul-de-sac location to the east of Chester.
Prospective buyers should be aware that the purchase of this property is available only to those of 60 years and over, and to those buyers who meet certain affordability criteria set out by Muir Housing Group.
The sale of this property represents a 70% interest in the long leasehold title to the bungalow itself. The remaining 30% being owned by Muir Housing Group.
The lease itself is 99 years in length and dates from 1st December 1990, and is subject to a nominal ground rent and a variable annual service charge to cover items of communal expense, insurance and maintenance, currently set at £76.84 per calendar month payable to Muir Housing Group.
Located in a small close, this property is ideally located for various shopping facilities in the Vicars Cross suburb, as well as of course, the nearby Roman city of Chester.
The bungalow itself, has the distinct benefits of double glazed windows, a gas fired central heating system and connections to all mains services.
Value & comps
No previous sales on record.
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 asking
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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.
Area
Agent & docs
FAQ
About 1, Ettrick Park, Chester
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