Watergate Street, situated within the Roman walls of historic Chester, is one of the most sought-after addresses in the city. It’s not the sort of place where you expect to find a 21 room, 4 bathroom, 4-storey Georgian town house for a guide price of £425,000-£450,000. Especially not when you consider a smaller house on the same street is listed for sale at double the price.
The catch? 102 Watergate Street is in need of refurbishment.
Behind the grand exterior, the Grade II listed building has an institutional interior – having been used as a hostel for a number of years. But if you’re after potential, it has plenty!
Toby Limbrick, auctioneer at Network Auctions, said. ‘This is an exciting project for a buyer with the cash and design smarts to restore the Georgian splendour. It has 5360 sq. ft of accommodation in a prime location within the city walls and has excellent proximity to the shops and fine dining on offer.’
‘There is huge potential for this property and it could suit a variety of uses including a fine family home, conversion to apartments, a House of Multiple Occupation (HMO), assisted living or luxury serviced accommodation.’
‘To find a doer-upper in this part of the city is extremely rare and we are thrilled to be able to offer this opportunity to the market.’
To find out more about this cut price Chester property being sold by Network Auctions on 21 October www.networkauctions.co.uk
