Summary - 42 GLADSTONE ROAD CHESTER CH1 4BY
6 bed 1 bath Terraced
High-yield student/professional HMO near Chester city centre — sold at auction, no chain..
Six bedrooms currently configured as a successful HMO generating £42,000 pa
Freehold property with no onward chain; sold by modern auction method
Single bathroom for six bedrooms — efficient for HMO, limiting for other uses
Small overall size and small rear garden; compact city-centre plot
Built c.1900–1929 with solid brick walls; likely requires insulation upgrades
Double glazing installed post-2002; mains gas central heating in place
Close to University and city centre — strong tenant demand from students/professionals
Will need refurbishment/modernisation to increase capital value and energy efficiency
A high-yield, six-bedroom mid-terrace in central Chester, currently run as a successful HMO producing £42,000 per annum. The property sits within walking distance of the city centre and the University of Chester Parkgate Road campus, offering ready tenant demand from students and young professionals. Double glazing and gas central heating are in place; high ceilings and period bay windows provide character and letting appeal.
Sold by modern method of auction with no onward chain, this freehold offers immediate income for investors or a conversion project for owner-occupiers. The house is small overall with a modest rear garden and a single bathroom serving six bedrooms — efficient for an HMO but a limitation for other uses. Constructed circa 1900–1929 with solid brick walls (assumed uninsulated), the property will benefit from targeted upgrades to boost energy performance and long-term rents.
This is a straightforward acquisition for a landlord wanting an income-producing asset in a cosmopolitan student neighbourhood. Buyers should factor in auction purchase fees and potential refurbishment costs (kitchen, bathrooms, insulation, redecoration) if aiming to increase value or change use. Fast broadband, excellent mobile signal and nearby amenities support strong lettability year-round.
For investors seeking immediate returns the letting history and location are the main strengths. For those considering alternative uses or owner-occupation, expect small rooms, single bathroom limitations and work needed to modernise while retaining period appeal.
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