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High Street, Tarvin, Chester, Cheshire, CH3

North West

£550,000
Listed on 18/10/2024

Property Details

Bedrooms
4
Type
Detached house
Area
2271 sqft

Description

This mixed-use property presents a unique opportunity for renovation and investment in the charming village of Tarvin, located approximately 6 miles from Chester. With its strategic position near major bus routes and the A54 motorway, commuting to Chester and connections to the M6 for Birmingham are remarkably convenient. Additionally, Liverpool and Manchester are both within an hour’s drive, enhancing the appeal for potential tenants or business operators. The proximity to amenities such as Cheshire Oaks Designer Outlet and Chester Zoo—only a short drive away—further elevates its desirability. The ground floor features an entrance hallway that leads into a versatile seating area, complete with a bar section, providing a welcoming atmosphere for patrons. A spacious conservatory at the rear enhances the dining experience. The property's large commercial kitchen is equipped for various culinary needs, complemented by ample storage space and two customer restrooms along with staff facilities including a cloakroom and shower room. Access to the upstairs flat offers additional living space that can be utilized flexibly; it currently comprises two bedrooms along with one reception room but can easily accommodate three bedrooms, allowing for potential rental income right above the commercial space. Importantly, this property includes a substantial piece of land at the front, currently designated as a car park. This area holds significant redevelopment potential; it could serve various purposes such as an expansion of commercial units or conversion into residential spaces, attracting further investment in this growing community. With its mix of residential and commercial opportunities combined with expansive land use possibilities, this property stands out as a compelling prospect for those looking to invest in Tarvin’s real estate market.

Investment Analysis

(CH3 area)

Below Market Value

This property is priced -25.2% below area average per sq ft

-25.2%
Potential saving
This Property
£242/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£311
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£809,259
10% above area average per sq ft
Potential ROI
+24.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (CH3)

Area prices are falling by +4.4% over the last 12 months
3 year growth: 1.8%
5 year growth: 12.2%
Investment Disclaimer: Analysis based on CH3 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

High Street, Tarvin, Chester, Cheshire, CH3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE