Modern Method of Auction
Auction date not yet published
2-bedroom terraced house · CH1 4EJ
For saleReduced £30k (−13.6%) on 15 OctListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An individual two bedroom end terrace property offering surprisingly spacious accommodation within walking distance of Chester city centre.
Extensively remodelled and modernised in 2019, the property benefits from an impressive kitchen/dining extension, two allocated parking spaces and an enclosed courtyard garden, whilst being offered to the market with no onward chain.
Internally, a generous entrance hall provides plenty of space for welcoming guests, coats and shoes, with glazed panels either side of the front door bringing in plenty of natural light.
The ground floor bathroom is offers a four piece suite with roll top bath and separate walk in shower.
Moving through the property is a spacious lounge with feature electric fireplace, alongside a useful separate utility room.
To the rear, the expansive kitchen/dining room forms the heart of the accommodation, extending to over 21ft in length with plentiful storage, integrated appliances and a breakfast bar.
A large roof lantern and wide bi-fold doors create a bright and open space with direct access onto the courtyard garden. Upstairs are two good sized double bedrooms together with a separate WC.
Outside, the enclosed courtyard provides a private and low maintenance outdoor space, with a useful secure bike store.
Two allocated parking spaces are positioned immediately alongside the property beneath the adjoining overpass, a particularly useful addition given the proximity to the city centre.
Canal Street sits just off Northgate Street, placing Chester's shops, restaurants, cafés, Storyhouse and city centre amenities within easy walking distance, whilst Chester railway station and major road links are also readily accessible.
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.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 16, Canal Street, Cheshire
Explore nearby