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Greenfield Crescent, Chester, Cheshire, CH2

North West

£1,250,000

Listed on 06/09/2024

Property Details

Bedrooms
6
Type
Detached
Area
3421 sqft

Description

This impressive detached residence features six bedrooms and is set within a prime area that offers significant development potential. With two gated entrances and ample off-street parking for up to 12 vehicles, this property includes a double garage and well-maintained gardens. Notably, full planning permission is already in place for the conversion into two semi-detached five-bedroom homes, making it an excellent investment opportunity. The layout comprises a grand entrance hall with built-in storage, a lounge featuring parquet flooring and a log burner, as well as a dual-aspect living area that overlooks the garden. The kitchen diner is spacious and includes an island, leading into a utility room with a WC and pantry. Additional reception rooms provide versatile space, including access to a conservatory, while there's also a steam room and gymnasium on-site. A separate snug/home office could potentially serve as an annex for guests or rental income. The first floor presents five generously sized double bedrooms alongside a single bedroom and multiple en-suites, adding to the property's appeal. Located near Chester city centre in the desirable Hoole Village, residents enjoy access to diverse shopping facilities and recreational areas including nearby Alexandra Park, enhancing the overall living experience.

Investment Analysis

(CH2 area)

Above Market Value

This property is priced +21.1% above area average per sq ft

+21.1%
This Property
£365/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£254
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£1,135,892
10% above area average per sq ft
Potential ROI
-17.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (CH2)

Area prices are stable by +1.8% over the last 12 months
3 year growth: +1.6%
5 year growth: +15.9%
Investment Disclaimer: Analysis based on CH2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Greenfield Crescent, Chester, Cheshire, CH2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£4,460
Based on a loan of £937,500 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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