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High Street, Tarvin, Chester, Cheshire, CH3

North West

£550,000
Listed on 21/10/2024

Property Details

Bedrooms
4
Type
Detached house
Area
2271 sqft

Description

This mixed-use property presents a distinctive opportunity for those looking to invest or renovate in the charming village of Tarvin, just six miles from Chester. The location is well-connected, with convenient access to major bus routes and the A54 motorway, ensuring a straightforward commute to Chester and the M6. Additionally, both Liverpool and Manchester are reachable within an hour's drive, making this property strategically positioned for ease of travel. The property is also only a short drive from popular attractions such as Cheshire Oaks Designer Outlet and Chester Zoo. The ground floor features an inviting entrance hallway that leads into a spacious seating area with a bar, complemented by additional seating in the conservatory. At the rear, you'll find a large commercial kitchen along with ample storage space. The layout includes two customer toilets, a cloakroom, and a shower room designed for staff use. The upstairs flat presents flexible living arrangements, currently configured with either two bedrooms and one reception room or three bedrooms along with a bathroom. An important asset of this property is the substantial piece of land at the front, currently functioning as a car park. This area offers significant potential for redevelopment – whether that be transforming it into another commercial unit or exploring options for residential conversion or development. The possibilities for maximizing this space make it an enticing proposition for investors. In terms of investment viability, the current rental value stands at £11,000 annually, indicative of its earning potential. With its designated use class A3, there are various avenues available to capitalize on this property's mixed-use functionality while enhancing its existing features through renovation or expansion. This unique offering invites creative vision and strategic planning to realize its full potential in an appealing village setting.

Investment Analysis

(CH3 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£242/sq ft
Area Average
£321/sq ft

Renovation Potential

Est. Renovation Cost
£55,000 - £137,500
10-25% of property value
Target Value
£801,890
10% above area average per sq ft
Potential ROI
+16.6%
After renovation
Monthly Sales
30
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (CH3)

Area prices are falling by +6.2% over the last 12 months
3 year growth: 1.0%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on CH3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

High Street, Tarvin, Chester, Cheshire, CH3
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