Wednesday, 17 May 2017

Spring Edition


- Local agents that care about you and your property - High quality Property Management - Sales from experienced agents - Property Sourcing - Services for self-managed Landlords -



Chester Market Activity
So as we look back for our Spring addition analysing the local Chester Property Market, have there been any changes?

According to Zoopla, there have been a total of 196 recorded sales in Chester over the last 3 months, with the average price paid at £223,820. Looking at property types for average price paid, terraced houses come out at £193,812 for the year while Semi-detached at £228,672.
In the past year property prices in Chester have increased 1.06% showing an average growth rate.
The current average value for May 17 is £256,869 which is a 1.76% increase from February 17.
Chester remains a popular city for homeowners and renters alike; offering a wealth of history, beauty and Chic with its Tudor buildings and local boutique shops. This city’s property market values higher than nearby local areas, but does this mean that first time buyers might struggle to get on the market here? Or that the higher asking prices might increase the time on the market?

Part of Bailey and Staples local Recommended Trades

Over the last 12 months home.co.uk looks at some figures for the Chester area as follows:




From the chart above it tells us that the 2 brackets covering £200k-£400k have the least time on the market in comparison to the others, in comparison to other nearby areas I looked at earlier in the year which tends to fall in the £100k-£200k bracket. This could be caused by a couple of things, one being that, that’s probably the most common pricing in this area meaning there are more properties in that price bracket than the others and it could also correlate with the factor that first time buyers (who will generally be in the under £100k or £100k-£200k brackets) are being pushed out of the market here.

 


 
The latter two graphs offer no surprises in terms of type or size of property and their correlation to the time on the market, as the need for family homes ever increases for both the rental and sales sectors.

Part of Bailey and Staples local Recommended Trades

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Local Property Gem


Take a look at this stunning large detached family home in Clutton, Chester. On the market with ourselves for £950,000, this property really gives that wow factor and gives an example of what you can get in and around Chester if you have the budget for it of course. But there’s no doubt that if you do have the money to spend, then Chester is certainly the place to be in the North West.





Search Facebook for the local support group: “Chester Landlords and Investors” run by Michelle Cairns and there is a Chester Property Meet run every month.



We do student HMOS’s! Did you know as well as advertising on Student Pad we can advertise on Zoopla and create a social media campaign?
Social media is a powerful tool that most agents don’t utilise, let us help you with our innovative advertising.


Deals for readers:-
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For more information about us go to www.baileyandstaples.co.uk


Monday, 30 January 2017

January Property News

Chester Seeing Growth?

The Chester property market has always remained strong in comparison to other areas and it is seen as a very desirable place to live. There are many new projects planned for Chester, but with investment into this historic city could we see property prices rise even further? We take a look on what new projects are planned this year in this city. A Georgian terraced hotel with 55 en-suite rooms is currently in discussions on the inner ring road as cited by The Chester Chronicle. There would be 35 rooms within 16-20 Nicholas Street plus 20 bedrooms within a new Georgian-style building that would be built to the rear facing the original property.




But change of planning permission and listed building consent will be required to convert these existing offices and the Liberal Club.
Alterations would involve installing a lift as well creating new openings and corridors to connect the three buildings. Facilities would include a restaurant, bar, coffee room, conference and function rooms as well as parking in the basement.
           


A planning application has been lodged is by Michael Bartlett, whose family own the buildings and run Bartlett’s Solicitors from the ground and first floors of no 16.
A document accompanying the application states: “The continued use of these period listed houses as cellular offices is no longer an economic option, as modern requirements are for open plan offices which cannot be met here.”
“16, 18 and 20 Nicholas Street, has the potential to become a unique boutique hotel and restaurant in restored grade II-listed period buildings, with all the modern amenities which guests require.
“We believe that it will be an asset to the historic town of Chester, adding to tourism and creating employment. We are conserving the building by restoring its Georgian features.”
Designed by Joseph Turner, the Nicholas Street buildings date from 1780 and originally comprised ten town houses.
The terrace became known as ‘Pillbox Promenade/Row’ because many were used as GP surgeries but later became well known for law firms.
No. 16 has been used as offices since the 1950s but in 1991 was joined with number 18. No. 18 is understood to have been used as a Temperance Hotel before the war. At a later stage the whole building became The Liberal Club.


Chester’s new dinning quarter has proven a bit hit and a big draw for shoppers and tourists. But as plans were revealed at the end of last year for a second development on Pepper Street to extend the dining quarter, could this be yet more fantastic growth to the city, or a blow to the independents Chester is so well known for?
Chester has a wide array of independent boutique retailers, restaurants and cafes. Just a wonder on the rows and you will find great little secret gems of Chester! Will there be sufficient demand to house these additional big chains in a very modern glamorous looking new development?

Only time will tell, but as Chester grows in popularity with shoppers, diners, property buyers and tourists alike, I think there may well be.

Interesting Chester Property

The oldest house in Chester! Tudor House on Lower Bridge St is from 1603, there was once a walkway (row) on the first floor which was later bricked up to create a front room.   
                 

The Georgian Sash windows on the first floor were added later. What would you value this beauty of a property at?

Send us your best and most interesting Chester Property pictures new or old to our email address to be featured in our next newsletter and blog!


Deals for readers:-
  • Property Management Switching Service - 2 months management fee free and no sign up deals
  • January Deal - Tenant Finder for only £100!
  • Sales - Only £500 set fee on completion


If you would like to subscribe to our newsletter/blog via email or would like an ad as a trader in the newsletter then please email us on info@baileyandstaples.co.uk


For more information about us go to www.baileyandstaples.co.uk