Residential development for sale

TO BE SOLD BY ONLINE AUCTION ON 3RD DECEMBER 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

1 Spital Walk, Chester, CH3 5DB

A substantial and versatile six-bedroom, two-bathroom freehold dwelling located close to Chester city centre, offering excellent rental potential and strong future uplift through HMO licensing (subject to regulation). Formerly the Spital Vaults public house, the property now provides extensive residential accommodation arranged over two floors. The layout is naturally suited to multi-occupancy living, with a spacious reception area, two bathrooms, six potential bedrooms and a generous kitchen/Diner.

The property is presented in lettable condition and can be occupied immediately as a single AST, allowing an incoming landlord to generate income while exploring HMO compliance. (Edward Mellor advises all prospective buyers to make their own enquiries with the local authority to confirm whether an HMO licence is required. This advert has been prepared on the basis that licensing may apply. It is the buyer’s responsibility to verify requirements prior to bidding.) If a licence is required, and once in place, strong uplift is expected: double rooms within 0.5 miles currently achieve £475–£675pcm, providing excellent income potential.

Located within walking distance of Chester city centre and close to major bus routes, amenities, and employment hubs, the property sits in a prime letting location with high demand from students, sharers, and young professionals. This is an ideal addition to any rental portfolio and a rare opportunity to acquire a dwelling of this size at this price point.

In brief, the property comprises: Entrance hallway, Spacious ground floor reception room, Kitchen, Six bedrooms arranged across ground and first floors, Two bathrooms, WC.

Single-let estimated rent: approx. £1,950 pcm (£23,400 pa)

HMO estimated gross income: approx. £3,450+ pcm (£41,400 pa) (subject to licence)

Exceptionally strong demand due to proximity to Chester city centre, university catchments and transport links

EPC Rating: D – fully compliant for renting

The property forms part of planning application 25/00106/FUL, pending to formalise subdivision into two separate dwellings. Buyers are advised to review the legal pack for full details.

Buyers must inspect the legal pack prior to bidding.

10% deposit payable on the fall of the hammer.