Cheshire Live

Chester's most viewed property on Zoopla valued at just £60k - but there's a catch

Cheshire Live logo Cheshire Live 12.08.2022 07:45:07 Steven Oldham

A run-down, one-bedroom Chester flat with a starting price of just £60,000 is up for auction - and is Zoopla's most viewed property in the city over the last 30 days.

The first floor flat in Hoole is in a dilapidated state and needs complete refurbishment. It's being described by the estate agents as an "ideal investment opportunity".

It's not one for the faint-hearted - listing photos show a cluttered property filled with a former tenant's furniture and belongings. The kitchen sink is propped up against a bedroom radiator.

READ MORE: Inside the quirky flat for sale on historic Chester Rows

The bathroom is in a dire state with tiles ripped off the walls, and has a shower fitting that has no bathtub underneath. Missing floorboards, and plug sockets hanging out of the wall add to the list of jobs to be done.

It's not all bad news - the Faulkner Street flat is a stone's throw from Chester railway station. There's green space in the nearby Alexandra Park, a nearby doctor's surgery and the area is well catered for by local buses on the main road.

It's the classic "doer-upper" - and could provide a property developer who's prepared to get their hands dirty a gold mine in time.

Average rental prices for one-bed flats in this postcode are £488 per month - with a fully refurbished flat expected to bring in more than that.

The property has a large living area, kitchen, bedroom and a bathroom. A shared entrance leads to a private reception area and landing.

Richard Donnell, Executive Director of Research at Zoopla, said: "The ongoing impact of the pandemic continues to support a desire to move amongst home buyers.

"This is a big reason why the market is not slowing as fast as some might expect and demand remains for sensibly priced homes, especially in more affordable areas such as Hoole."

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vendredi 12 août 2022 10:45:07 Categories: Cheshire Live

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