2-bedroom flat · CH1 4HZ
For saleReduced £20k (−10.3%) on 22 OctListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the the Third floor, with a balcony over looking the River Dee, this stunning one bedroom (originally 2 bedroom) apartment comes with a huge 39ft long Kitchen/Diner/Lounge.
The accommodation briefly comprises; communal entrance hall with lift and stair access, entrance hall, inner hall, a large open-plan kitchen, living/dining room with double opening doors and balcony, large bedroom with en-suite shower room and bathroom.
The apartment could easily be converted back into two bedrooms with the addition of a dividing wall. The property benefits from double glazing, electric heating, video intercom entry system.
There is also a basement car park with two secure allocated parking spaces, cycle store and bin store.
The property is ideally situated for the amenities of Chester City Centre, The Racecourse and the Greyhound Retail Park.
EPC - Grade C Council Tax Band F Leasehold Information Service Charge is £3,315 Per Annum Ground Rent is £150 Per Annum Approximately 128 years are left on the Lease.
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 53 The Wharf,, New Crane Street, Cheshire
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