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High Street, Tarvin, Chester, Cheshire, CH3

North West

£550,000
Listed on 17/10/2024

Property Details

Bedrooms
4
Type
Detached
Area
2271 sqft

Description

This mixed-use property presents a distinctive investment opportunity in the charming village of Tarvin, approximately 6 miles from Chester. Its strategic location offers convenient access to significant transport links, including major bus routes and the A54 motorway, facilitating easy commutes to Chester and beyond. The vibrant Cheshire Oaks Designer Outlet and Chester Zoo are just a short drive away, enhancing its attractiveness for both residents and potential commercial clients. The ground floor features an inviting entrance hallway that leads to a seating area with a bar section, complemented by additional space in the conservatory. The large commercial kitchen at the rear is equipped with ample storage, while two customer toilets, alongside a cloakroom and staff shower room, ensure functionality. Moving upstairs, you will find versatile living space comprising either two bedrooms with a reception room or three bedrooms and a bathroom. Additionally, this property boasts an extensive piece of land currently utilized as a car park. This land has promising potential for further development into additional commercial spaces or residential units, making it an ideal candidate for investors looking to maximize their returns.

Investment Analysis

(CH3 area)

Below Market Value

This property is priced -26.9% below area average per sq ft

-26.9%
Potential saving
This Property
£242/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£302
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£827,246
10% above area average per sq ft
Potential ROI
+31.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CH3)

Area prices are falling by -2.2% over the last 12 months
3 year growth: +2.4%
5 year growth: +9.5%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 over 30 years at 3.91% 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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