3-bedroom terraced house · CH4 7BZ
Sold STCListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on a quiet no through road just on the edge of the city, 40 Devonshire Place offers a rare opportunity to acquire a spacious period terraced home with excellent scope for modernisation, all within easy walking distance of the city centre.
Located in the popular suburb of Handbridge, the property enjoys a highly convenient position, just a short and scenic walk over the Old Dee Bridge into Chester.
The area is well regarded for its riverside setting, local amenities and access to attractive green spaces along the River Dee.
The property provides generous and well proportioned accommodation throughout, with high ceilings that enhance the sense of space.
While the house would benefit from cosmetic updating, it presents an ideal opportunity for buyers looking to create a home to their own specification in a prime location.
The accommodation comprises an entrance hall with stairs rising to the first floor.
To the front is a spacious kitchen with a range of fitted units and ample storage, while to the rear is a large living room featuring French doors opening onto a walled courtyard garden, creating a pleasant connection between indoor and outdoor space.
A further rear reception room, currently used as a dining room, offers additional flexibility and would suit a variety of uses.
To the first floor, the landing continues the theme of generous proportions and high ceilings.
There are two well sized double bedrooms and a third single bedroom which would also make an ideal home office. The bathroom is fitted with a three piece white suite.
Externally, the enclosed rear courtyard is low maintenance and offers space for seating and outdoor dining, benefiting from afternoon sun.
The property also enjoys on street parking and is offered for sale with no onward chain.
This is an excellent opportunity to acquire a character home with plenty of potential, set in a highly sought after riverside location within walking distance of the city.
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 40, Devonshire Place, Chester, CH4
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