According to the public record, 16, Well Lane, Chester is a early-century freehold house with 710 ft2 of internal area and sits on a 472 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Well Lane, Newton, Chester, CH2 is located within the CH2 postal district.
16, Well Lane, Chester has a single entry in the Land Registry database from September 2019 and a single entry in the EPC database dated November 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Well Lane Chester as £291,577 and the rental value as £1,224 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 16 Well Lane Chester has decreased by £4,199 (1.4%) and its rental value has increased by £60 per month (4.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Well Lane, Chester is in very good condition we estimate a sale value of £306,156 and rental value of £1,286 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,166 and a rental value of £1,139 per month.
If you were able to purchase this property for the estimated value of £291,577, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,433 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 16, Well Lane, Chester sits on a plot of 472m2.
We have plot size data on 21 out of 36 other houses in the postcode and 16, Well Lane, Chester sits on the 9th largest plot.
According to HM Land Registry, 16, Well Lane, Chester was last sold on 20 Sep 2019 for £214,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2019, the market for similar properties has risen 18.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Well Lane, Chester within a radius of 590 metres over the last 2 years.
The most recent example is 9, Milborne Close, Chester, CH2 1HH, a Freehold house which sold for £345,000 in Apr 2023.
Read more about house prices in CH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Well Lane, Newton, Chester, CH2 has a total of 36 addresses. According to our analysis of all the public data, 16, Well Lane, Chester is the 35th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £487 less expensive than the average property in CH2.
16, Well Lane, Chester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Nov 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Well Lane, Chester is Bache station which is 800 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Well Lane, Chester, 58.5% of property is privately owned outright and 31.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Well Lane, Chester, 12.7% of residents are recorded as possessing school level qualifications and 31.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Well Lane, Chester, the average age was 42.8 and the most common age was 52.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Well Lane, Chester, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Well Lane, Chester, there are an average of 1.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.