1-bedroom flat · CH1 3EA
For saleReduced £5k (−6.2%) on 29 JulListed 215 days
Opportunity summary
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About
Situated in a prime location within easy walking distance of the historic city centre of Chester, this well-proportioned first floor over-55s retirement apartment offers comfortable living in a highly sought-after setting.
Positioned within a quieter section of the development known as “The Cottage”, the apartment enjoys a peaceful position while still benefiting from excellent access to the main facilities and beautifully maintained communal gardens.
These gardens overlook the scenic Shropshire Union Canal and the historic Chester City Walls, providing pleasant surroundings and attractive canal-side walks right on your doorstep.
Internally the apartment offers well-balanced accommodation comprising a welcoming entrance hallway with useful storage cupboards, a bright dual-aspect living room, fitted kitchen, generous double bedroom, and a modernised shower room featuring a walk-in shower.
The property is presented in good order, although some decorative updating would allow a buyer to personalise the space.
Residents benefit from secure entry, communal gardens, an on-site manager, emergency pull-cord system, communal laundry facilities and resident parking available on a first-come, first-served basis.
A bus stop located directly opposite the development provides convenient transport links into the city centre and surrounding areas.
The property is offered for sale with no onward chain and represents an excellent opportunity to acquire a retirement apartment in one of Chester’s most convenient locations.
Lease Information: The property is leasehold with a 99-year lease renewed in October 2015, leaving approximately 89 years remaining.
The current ground rent is £14.75 per annum, and the service charge is approximately £263.60 per month, covering communal maintenance, facilities, and building management.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 28, Waterside View, Cheshire
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