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Why property buyers can’t get enough of Chester

The prosperous walled city on the River Dee that surrounds a hub of classy cocktail bars, independent restaurants and an abundance of retailers that sit below all those Victorian black-and-white, half-timbered buildings is a popular choice for both first-time buyers and those looking to move to a chic city.

It’s no surprise therefore that Chester has been dubbed the ‘regional treasure’, and according to The Sunday Times, is the second best place to live in the North West. Here’s just some of the reasons why:

  1. The city provides great transport connections, with motorways that give easy access to Liverpool and Manchester, and London is now only two hours away by an improved and regular train service.
  2. The booming economy of Manchester, in many respects the regional hub, is having a positive knock-on effect across neighbouring Cheshire.
  3. A series of developments which are firmly underway, include: Phase 1 of the city centre Northgate Development (a £60 million new market, cinema, open performance square, and a brand new car park) with Phase 2 to follow (based around new and exciting residential developments) – and a new £100 million Central Business Quarter, will all contribute significantly to employment and new infrastructure in the city.
  4. The Storyhouse which was officially opened by Her Majesty the Queen and Meghan Markle in June last year, comprises a library, an 800-seat theatre, a 150-seat studio theatre, a restaurant and two bars plus a 100-seat boutique and independent cinema.
  5. Chester’s leading independent schools, including Queens, King’s School and Abbey Gate college have increased demand for family homes in traditionally well-heeled villages nearby, such as Tarporley and Tattenhall.

Chester property market

For those looking to buy property in Chester, the market can be summarised as follows:

  1. The average property price in Chester currently stands at £268,044 according to Zoopla – a rise of 2.09% from 12 months ago.
  2. There is a strong demand for property in Chester’s key areas: Christleton, Rowton, Waverton and Great Boughton.
  3. Hoole remains one of the top suburbs to live in due to its close proximity to the city and its niche restaurants and coffee bars.
  4. Cavendish Road and Westminster Ave, and Lache Lane are amongst some of the most desirable areas to live in Chester, as well as the riverside suburbs of Curzon Park and Queens Park.
  5. We currently have 32 properties located within a 5-mile radius of the city, ranging from a 7-bed Grade II listed house at £1.6 million through to a 1-bed apartment at £58,000.

 

Robert Ikin of Wright Marshall in Chester comments: “We have seen a positive start to the year in Chester, with good demand from first time buyers, due to the low interest rates and 0% rated stamp duty land tax threshold up to £250,000. House prices in some of the villages surrounding Chester are comparable with those in desirable parts of the city and there is a good demand from families seeking high quality homes in Chester’s suburbs.”

If you are thinking of selling your property in Chester and need a free-no obligation valuation, contact Wright Marshall in Chester.