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Grasmere Road, Chester, CH2

North West

£200,000

Listed on 06/05/2026

Property details

Bedrooms
3
Type
Terraced
Area
861 sqft

Description

This mid-terraced three-bedroom property is located in a desirable part of Chester, close to local amenities and just a short walk from the sought-after suburb of Hoole. With no onward chain, this well-loved family home offers an excellent opportunity for buyers to infuse their personal style and make necessary updates. There is significant potential for cosmetic improvements throughout, appealing to both first-time homeowners and investors looking for a project. The property features an easily maintainable block-paved driveway leading to a shared access that takes you to the rear garden which is mainly laid to lawn with mature shrubs and trees; it also benefits from backing onto the university campus. Additionally, there are two brick-built storage units available for utility. Inside, the welcoming hallway leads to a generously sized open-plan living and dining area that provides ample space for relaxation and entertainment. A charming exposed brick fireplace adds character, while sliding patio doors connect the dining area directly to the garden. The kitchen comes equipped with various storage solutions and plumbing for appliances but may require modernisation or updating. Upstairs, you'll find three bedrooms—two good-sized doubles alongside a single—accompanied by a shower room featuring modern fittings. Overall, this property stands as an exciting renovation opportunity in a popular location; early viewing is recommended.

Investment analysis

(CH2 area)

Below Market Value

This property is priced -24.2% below area average per sq ft

-24.2%
Potential saving
This Property
£232/sq ft
Area Average
£306/sq ft
Avg Rent (weekly)
£265
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£290,049
10% above area average per sq ft
Potential ROI
+20.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (CH2)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +3.5%
5 year growth: +16.2%
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

Grasmere Road, Chester, CH2
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 over 30 years at 4.45% 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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