Newry Park, Chester, Cheshire, CH2
By Jordan & Halstead
£ 300,000
Reviews
2 out of 5 stars
Jordan & Halstead says ..
Attention Investers! New to market, this no chain, well established 5 Bedroom HMO generating over £33,000 per annum, could be the perfect addition to your portfolio! Call today!
Property Oracle says ..
This 5-bedroom property in Newry Park, Chester, is currently listed for £300,000. Marketed towards investors, it’s presented as an established HMO (House of Multiple Occupancy) generating over £33,000 annually. The property’s location in Chester offers easy access to the city centre, transport, and schools. However, the provided images suggest the interior requires some updating and cosmetic improvements. The bedrooms are simply furnished, the bathroom is dated and requires modernisation and the communal areas lack a high-end finish. The exterior appears reasonable, and there is a garden and a garage. While the rental income potential is attractive for investors, potential buyers should factor in renovation costs to bring the property up to modern standards. The price seems reasonably competitive with other properties in the area, considering the high rental yield, but the condition may lead to lower offers in a cash purchase scenario.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 4
- Bedrooms
- 5
- Bathrooms
- 1
- Sqft (est)
- 1,022.45
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 260,000.00 £Decreased by 8.00 %
- Est sale value
- 321,049.30 £Increased by 25.10 %
- Average area rental value
- 1,117.00 £/moIncreased by 13.40 %
- Est letting value
- 1,022.45 £/mo
- Est rental Yield
- 5.16 %Increased by 23.44 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Jordan & Halstead created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Chester Blue Coat Church Of England Primary School | Voluntary Aided School | Good | 0.91 KM |
| University Of Chester | Higher Education Institutions | 0.97 KM | |
| Abbey School For Exceptional Children | Other Independent Special School | 1.10 KM | |
| Chester Victoria Children'S Centre | Children's Centre Linked Site | 1.12 KM | |
| Newton Primary School | Community School | Good | 1.19 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Prince Rupert's Trench | £ 0 | 0 | 0.00 KM |
| Delamere Street | £ 0 | 0 | 0.00 KM |
| The Croft | £ 0 | 0 | 0.00 KM |
| Hoole Way (pavement) | £ 0 | 0 | 0.00 KM |
| Rufus Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Bache | 2187 | BAC | 0.74 KM |
| Chester | 2412 | CTR | 1.32 KM |
| Capenhurst | 2186 | CPU | 8.64 KM |
| Ellesmere Port | 2121 | ELP | 8.90 KM |
| Overpool | 2157 | OVE | 9.83 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Newry Park, Chester, Cheshire, CH2 | £ 300,000 | BUY | 5 / 10 | 0.00 KM |
| Grange Road, Chester, CH2 | £ 425,000 | BUY | Unknown | 0.08 KM |
| Brook Lane, Chester, Cheshire, CH2 | £ 425,000 | BUY | Unknown | 0.08 KM |
| Grange Road, Chester, CH2 | £ 450,000 | BUY | 7 / 10 | 0.08 KM |
| Grange Road, Chester | £ 400,000 | BUY | 8 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Newry Park | £ 450,000 | 0.06 KM |
| 10 Newry Park | £ 260,000 | 0.06 KM |
| 58 Newry Park | £ 281,220 | 0.06 KM |
| 26 Newry Park | £ 373,000 | 0.06 KM |
| 24 Newry Park | £ 340,000 | 0.06 KM |