3 bedroom detached for sale

£650,000

3

Bedrooms

2

Bathrooms

Floorplan

Welcome to 23 Edinburgh Way, a beautifully positioned detached home set on a generous corner plot in the highly sought-after area of Queens Park, Chester. This peaceful and leafy location is just a short, scenic stroll from the city centre via the historic suspension bridge, offering a unique blend of tranquility and convenience. With The Kings School, Queens Park High, and access routes to the Business Park nearby, this is a prime spot for families and professionals alike.

The home itself is full of charm and potential. Positioned on a spacious plot with mature gardens wrapping around the front, side and rear, it enjoys exceptional privacy and a wonderfully green outlook. A wide driveway provides parking for several cars and leads to a detached garage with double doors and impressive roof space, offering scope for conversion subject to planning.

Inside, the property has retained many of its original features, including beautiful parquet flooring which runs through the entrance hall, living room and dining room. The entrance hall also includes a cloakroom with original tiled flooring and a practical under-stairs storage cupboard. The living room is a bright and welcoming space, enhanced by a large bay window to the front and additional windows to the side, taking full advantage of the homes southerly orientation and flooding the room with natural light throughout the day. A feature fireplace adds warmth and character.

The separate dining room also benefits from parquet flooring and generous glazing, with large patio doors opening onto the side garden and a further window to the rear a truly light and airy room ideal for entertaining. The kitchen sits alongside and could easily be opened up to create a modern dining kitchen. Currently fitted with wooden base units, a gas hob, electric oven and marble-effect worktops, the space is functional and ready to use, but full of potential for future updates or extensions.

From the kitchen, a side hallway leads to the back garden and a useful utility/shower room, complete with a tiled shower cubicle, a second WC and plumbing for laundry appliances ideal for gardeners, children or pets. The adjacent garage, with its tall roof space, also offers excellent storage or conversion potential.

Upstairs, the home continues to impress with three generously proportioned bedrooms. The principal bedroom is particularly special, enjoying a triple aspect with views over greenery on all sides a bright, calming retreat. The second bedroom is another spacious double with built-in wardrobes and dual windows, while the third bedroom also offers fitted storage and lovely views over the rear garden.

The family bathroom has been recently modernised to feature a large corner shower, a contemporary white suite and stylish tiling, while the landing boasts an original stained-glass window that brings colour and character to the space.

Rarely do properties in this location come to market, especially with such a prime corner plot, mature gardens and excellent extension potential. 23 Edinburgh Way offers a fantastic opportunity to create a forever home in one of Chesters most desirable residential areas.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 538950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 51450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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