1-bedroom flat · CH1 3AR
Sold STCListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern third floor studio flat forming part of a popular development ideally situated within walking distance of Chester City Centre, the Shropshire Union Canal, a Waitrose supermarket, and the Chester Railway Station.
The property is part of 'Discount For Sale Scheme' with Cheshire West and Chester Council and is designed for eligible prospective buyers to own 100% of the property at 70% of the market value.
Although there is discount on the sale price, the purchaser still owns 100% of the property and no additional rent is payable.
The accommodation briefly comprises: entrance hall, open-plan kitchen, living & bedroom area and a spacious bathroom The property benefits from double glazing, a telephone intercom entry system and has gas fired central heating.
The property also has the advantage of a residents' parking scheme, which is in operation in the area.
Affordable Housing Scheme - The property is part of 'Discount For Sale Scheme' with Cheshire West and Chester Council.
The scheme is designed for eligible prospective buyers to own 100% of the property at 70% of the market value.
Although there is discount on the sale price, the purchaser still owns 100% of the property and no additional rent is payable.
In addition the property can also only be sold to purchasers who meet the eligibility criteria.
These criteria are designed to assist households who cannot afford to purchase a market home onto the property ladder and who’s current accommodation is unsuitable, they also give people with a local connection first opportunity to buy.
The property should not be marketed to investors who intend to let out the property.
Interested parties please go to the Council’s Affordable Housing Webpages: * Leasehold - 999 years from January 2002.
* Service Charge - We are advised that the current service charge is £1,619 per annum which includes water (2022).
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
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 The Square, Seller Street, Chester
Explore nearby