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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 three-bedroom mid-terraced home presents an excellent opportunity for buyers looking to invest in a property with ample renovation potential. Nestled in a sought-after area of Chester, this residence provides easy access to local amenities and the vibrant suburb of Hoole. The property is being sold with no onward chain, making it an attractive prospect for those eager to personalize their living space. While the home has been cherished over the years, it invites cosmetic improvements and modern updates to truly make it shine. The exterior features a low-maintenance block-paved driveway bordered by timber fencing, leading to a private rear garden accessed through a shared passageway. The garden boasts established greenery and two brick-built storage units, all while offering the unique advantage of backing onto university grounds. Inside, a welcoming hallway leads to a generously sized open-plan living and dining area characterized by its exposed brick fireplace and sliding patio doors that invite light and provide seamless access to the garden. The kitchen contains fitted cabinetry and essential appliances, with further potential for modernization. Upstairs, three bedrooms await—two spacious doubles and a single—alongside a shower room equipped with essential facilities, all ready for revitalization. This freehold property benefits from mains utilities and electric storage heating. In summary, this home represents an exciting canvas for creative homeowners or astute investors aiming for strong returns in a desirable market.

Investment Analysis

(CH2 area)

Below Market Value

This property is priced -23.0% below area average per sq ft

-23.0%
Potential saving
This Property
£232/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£254
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£285,882
10% above area average per sq ft
Potential ROI
+19.1%
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

Grasmere Road, Chester, 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
£714
Based on a loan of £150,000 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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