According to the public record, 4 The Smithy, Chester is a modern Leasehold apartment with 720 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Smithy, Flag Lane South, Chester, CH2.
Flag Lane South, Chester, CH2 is located within the CH2 postal district.
4 The Smithy, Chester has 61 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated March 2009.
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 4 The Smithy Chester as £156,152 and the rental value as £888 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 4 The Smithy Chester has decreased by £2,159 (1.4%) and its rental value has increased by £43 per month (4.8%).
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 4 The Smithy, Chester is in very good condition we estimate a sale value of £163,959 and rental value of £933 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £145,221 and a rental value of £826 per month.
If you were able to purchase this property for the estimated value of £156,152, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £767 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 HM Land Registry, 4 The Smithy, Chester was last sold on 25 Aug 2021 for £200,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Aug 2021, the market for similar properties has risen 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 770 metres radius of 4 The Smithy, Chester over the last 2 years.
The most recent example is 7 The Smithy, Flag Lane South, Chester, CH2 1LF, a Freehold house which sold for £190,000 in Jul 2020.
Read more about house prices in CH2.
Flag Lane South, Chester, CH2 has a total of 7 addresses. According to our analysis of all the public data, 4 The Smithy, Chester is the 4th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £136k less expensive than the average property in CH2.
4 The Smithy, Chester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Mar 2009.
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 4 The Smithy, Chester is Bache station which is 1.3 kilometres 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 4 The Smithy, Chester, 55.2% of property is privately owned outright and 36.8% 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 4 The Smithy, Chester, 17.2% of residents are recorded as possessing school level qualifications and 52.2% 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 4 The Smithy, 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 4 The Smithy, Chester, 0.7% 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 4 The Smithy, Chester, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.