Chester

Area Guide For Chester

Chester is a city in Cheshire, England. Lying on the River Dee, close to the border with Wales, it is home to 80,121 inhabitants, and is the largest and most populous settlement of the wider unitary authority area of Cheshire West and Chester, which had a population of 328,100 according to the 2001 Census. Chester was granted city status in 1541. Chester was founded as a "castrum" or Roman fort with the name Deva Victrix in the year 79 by the Roman Legio II Adiutrix during the reign of the Emperor Vespasian. Chester's four main roads, Eastgate, Northgate, Watergate and Bridge, follow routes laid out at this time almost 2,000 years ago. One of the three main Roman army bases, Deva later became a major settlement in the Roman province of Britannia. After the Romans left in the 5th century, the Saxons fortified the town against the Danes and gave Chester its name. The patron saint of Chester, Werburgh, is buried in Chester Cathedral. Chester was one of the last towns in England to fall to the Normans in the Norman conquest of England. William the Conqueror ordered the construction of a castle, to dominate the town and the nearby Welsh border. In 1071 he

 
 

Chester Map

Estimated Price: £244,918
Average Asking Price: £270,543
Price change in last one year: £14,294
Average Price Paid: £206,723
Average Rent Rates: £2,926

 
 

Property Prices Breakdown in Chester

Average Price for property in Chester is around £244,918 which varies based on type of property you are interested in and ranges from £363,644 for detached house to around £213,154 for semi-detached. Similarly terraced house is around £184,117 and a flat is worth £183,538. Values have been changing and have risen £2,857 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,356 in last 6 months, £14,294 in last 1 year, £29,480 in last 2 years, £25,009 in last 3 years, £23,458 in last 4 years and £23,706 in last 5 years.

Currently average asking price of a property in Chester is around £270,543 based on approximately 1,872 properties for sale. Same is the case with rental options based on 325 properties up for rent, average asking rent is around £2,926 per month.

Estimated property value in Chester is £244,918. Average asking price is £270,543 while average price paid is £213,270 which is up by £14,294 and Avg. asking rent £2,926.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Chester area. In last 1 year alone average price buyer paid is around £213,270 based on approximately 1,872 sales in Chester area alone. If you compare it to last 3 years sales of 5,320 properties where buyers paid around £209,408. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £206,723 for 8,238 and average amount paid for purchase of approx. 10,863 properties sold in last 7 years comes to about £204,211 per sale.

 
 

Properties For Sale in Chester

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £133,919, £151,932 for a 2 bedroom house, £198,225 for a 3 bedroom house, £342,334 for a 4 bedroom house and £603,393 for a 5 bedroom house. For a flat similarly the prices varies from £86,308 for a single bedroom to £163,859 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £274,495 and £215,000 for a 4 bedroom flat. To sum up the asking prices for properties in Chester it comes to around average £97,402 for 1 bedroom property, £157,761 for 2 bedroom, £201,019 for 3 bedroom, £341,742 for 4 bedroom and £603,393 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £419 for 1 bedroom to £655 for 2 bedrooms, £783 for 3 bedrooms, £1,333 for 4 bedrooms and £1,565 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £516. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £658, £911 for 3 bedroom and £823 for 4 bedroom. You should be generally be expecting around average £484 rent per month for single bedroom property, £657 for 2 bedroom, £794 for 3 bedroom, £1,306 for 4 bedroom and approximately £1,565 for a 5 bedroom property in Chester area.

Popular Houses in Chester

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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