Changing-Home says ..

Property Oracle says ..

This seven-bedroom property in Chester’s Garden Quarter presents an interesting investment opportunity. Its location near Chester University makes it ideal for student accommodation, particularly given that it’s already a fully licensed HMO. The recent refurbishment evident in the photographs gives the property a modern feel and is likely a major selling point for prospective tenants. The kitchen is well-equipped with modern appliances, and the bathrooms appear clean and recently updated. While the overall condition is good, the photos don’t reveal any luxurious finishes. The limited amount of land, which is more of a small backyard than a sizeable garden, is a potential drawback. The list price needs to be carefully evaluated in light of comparable property values in the area, taking into account the specifics of this property’s functionality as a currently fully let HMO. Investors might consider the value to be justifiable based on rental income; however, potential homebuyers not considering the HMO aspect may find the price less appealing compared to other homes of comparable size and condition in the area. Further analysis of recent sales data of comparable properties is needed to determine a truly accurate market value for this property.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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