2 Bed Flat, Single Let, Canterbury, CT1 3LP, £195,000

George Roche Road, CANTERBURY, CT1 3LP - 2 views - a year ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£115K - £645K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£224,245
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Total Cash In

£55,800

 

 

Cash Out

 

Rent Range

£950 - £2,995

Rent Estimate

£1,050

Running Costs/mo

£839

Cashflow/mo

£211

Cashflow/yr

£2,528

ROI

5%

Gross Yield

6%

Local Sold Prices

45 sold prices from £115K to £645K, average is £220K. £2.1K/m² to £5.2K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£140K12/210.05 mi85, George Roche Road, Canterbury, Kent CT1 3FF2
£225K02/210.24 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K02/210.24 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K09/210.24 mi16, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£186K07/210.26 mi35, Raymond Avenue, Canterbury, Kent CT1 3JY2
£208K02/210.35 miFlat 8, Durovernum Court, Old Dover Road, Canterbury, Kent CT1 3DA2
£280K06/210.35 mi6, Holman Mews, Canterbury, Kent CT1 3JE2
£235K10/220.49 mi22, Castle Row, Canterbury, Kent CT1 2QY2
£165K02/210.54 miFlat 17, St. Lawrence Court, St Lawrence Road, Canterbury, Kent CT1 3EY2
£235K01/230.56 mi65, Bingley Court, Canterbury, Kent CT1 2SW2
£220K05/210.57 mi78, Bingley Court, Canterbury, Kent CT1 2SW2
£230K05/210.57 mi66, Bingley Court, Canterbury, Kent CT1 2SW2
£230K03/210.57 mi70, Bingley Court, Canterbury, Kent CT1 2SW2
£230K07/230.57 mi73, Bingley Court, Canterbury, Kent CT1 2SW2
£230K01/230.58 mi47, St Andrews Close, Canterbury, Kent CT1 2RT2
£190K06/210.58 mi54, St Andrews Close, Canterbury, Kent CT1 2RT2
£217.5K11/200.58 mi62, St Andrews Close, Canterbury, Kent CT1 2RT2
£220K04/210.58 mi49, St Andrews Close, Canterbury, Kent CT1 2RT2
£645K12/200.59 mi27, St Augustines Road, Canterbury, Kent CT1 1XP2
£180K10/200.6 mi28, Homersham, Canterbury, Kent CT1 3RG2
£260K01/230.6 mi16, Homersham, Canterbury, Kent CT1 3RG2
£210K09/210.62 mi7, Homersham, Canterbury, Kent CT1 3RL2
£310K12/210.62 mi44, The Rope Walk, Canterbury, Kent CT1 2FY2
£229.9K11/210.62 mi14, The Rope Walk, Canterbury, Kent CT1 2FY2
£176.8K01/210.62 mi23, Homersham, Canterbury, Kent CT1 3RL2
£190K06/210.62 mi29a, Homersham, Canterbury, Kent CT1 3RL2
£215.1K06/210.62 mi16, Scott Avenue, Canterbury, Kent CT1 3RN2
£290K08/230.64 miFlat 16, Stour Court, Stour Street, Canterbury, Kent CT1 2PG2
£210K05/230.66 mi12, Sullivan Close, Canterbury, Kent CT1 3TF2
£230K06/210.68 mi17, Old Watling Street, Canterbury, Kent CT1 2DX2
£320K09/210.68 mi60, Old Watling Street, Canterbury, Kent CT1 2DX2
£295K12/200.68 mi62, Old Watling Street, Canterbury, Kent CT1 2DX2
£255K04/230.68 mi48, Old Watling Street, Canterbury, Kent CT1 2DX2
£215K11/200.68 mi15, Old Watling Street, Canterbury, Kent CT1 2DX2
£115K04/210.87 miFlat 10, Fyndon House, Spring Lane, Canterbury, Kent CT1 1SP2
£170K07/210.89 miFlat 2, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£198K06/230.89 miFlat 10, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£187K02/230.91 mi41, Artillery Gardens, Canterbury, Kent CT1 1LG2
£225K10/200.96 miFlat 2, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£217K01/210.96 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£266K06/230.96 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£227.5K05/230.96 mi14, Carriage Mews, Canterbury, Kent CT2 8AL2
£200K11/200.97 miFlat 20, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K08/210.97 miFlat 6, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£170K01/230.99 miFlat 43, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2

Local Rents

50 rents from £950/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15003/240.01 miGeorge Roche Road, Canterbury2
£1,15003/240.01 miGeorge Roche Road, Canterbury2
£1,40004/240.02 miGeorge Roche Road2
£1,10003/240.04 miGeorge Roche Road, Canterbury2
£2,27504/250.06 mi-2
£1,15003/240.07 miPritchard Court, George Roche Road2
£1,10003/240.07 miCanterbury2
£1,25004/240.17 miPuckle Lane, Canterbury, Kent, CT12
£1,17503/240.2 miProspect Place, Canterbury2
£1,25005/240.2 miProspect Place, Canterbury, CT12
£1,25004/240.2 mi-2
£1,05002/240.21 mi-2
£1,20003/240.24 miZealand Road, Canterbury2
£95003/240.26 miRaymond Avenue, Canterbury2
£1,25004/250.26 mi-2
£1,05003/240.27 miRaymond Avenue, Canterbury2
£1,15003/240.29 miLansdown Road, Canterbury2
£1,15005/240.35 miDurovernum Court, Canterbury2
£1,10004/240.36 miMartyrs Field Road, Canterbury2
£1,10005/240.36 miMartyrs Field Road, Canterbury2
£1,35001/250.38 mi-2
£1,10003/240.38 miVictory Court, 7 Gordon Road, Canterbury, CT12
£1,10005/240.4 miOaten Hill, Canterbury - Ref 2182
£1,10005/240.4 miOaten Hill, Canterbury - Ref 2182
£1,10012/240.4 miOaten Hill, Canterbury - Ref 2172
£1,60003/240.44 miRiding Gate, Canterbury2
£1,15004/240.45 miChaucer Court2
£1,37505/240.45 miInvicta Close, CANTERBURY2
£1,15003/240.45 miCanterbury2
£1,05005/240.47 miOld Dover Road, Canterbury2
£1,20005/240.47 miFlagstaff Court, CANTERBURY2
£1,20003/240.47 miFlagstaff Court, Canterbury, Kent, CT1 3HA2
£1,20003/240.47 miFlagstaff Court, Canterbury, Kent, CT1 3HA2
£1,10003/240.47 miArden Court, Dover Street, Canterbury2
£1,20004/240.48 miFlagstaff Court, Canterbury, Kent, CT12
£1,35005/240.48 mi-2
£1,35004/240.48 miNew Dover Road, Canterbury, CT12
£1,35005/240.48 miNew Dover Road, Canterbury, CT12
£2,99502/240.48 mi-2
£1,40005/240.49 miWootton Court, 42 New Dover Road, Canterbury2
£1,35004/240.49 miNew Dover Road, CANTERBURY2
£1,35003/240.49 mi-2
£1,25004/240.49 mi-2
£1,32505/240.5 miBellflower Mews, Canterbury2
£1,30003/240.5 miNew Dover Road, Canterbury, CT12
£1,25004/240.5 miCanterbury2
£1,25005/240.5 miCanterbury2
£1,73301/250.5 mi-2
£1,35003/250.5 mi-2
£1,15001/250.51 mi-2

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

1.23 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £195,000

November 17, 2023

Floor Plans

Description

  • Two Bedroom Top Floor Flat +
  • Off Road Parking +
  • Close To Local Amenities +
  • Close To Canterbury Train Station +
  • En-suite To Master Bedroom & Family Bathroom +
  • Plenty Of Storage +
  • Open Planned Lounge / Kitchen / Diner +
  • NO ONWARD CHAIN +

SUMMARY
Just a short walk from Canterbury City Centre, Canterbury Hospital and Canterbury East Station, is this Two Bedroom First Floor Apartment, nestled within the historic development of George Roche Road.

DESCRIPTION
Nestled within the historic development of George Roche Road is this Two Bedroom First Floor Apartment, positioned just a short walk from Canterbury City Centre, Canterbury Hospital and Canterbury East Station.

Internally the property comprises of a spacious lounge diner with lovely arched double glazed windows looking out over the city across to the Catherdal. a spacious style kitchen, a spacious double bedroom with en-suite shower room and a further single bedroom in addition to the main bathroom.

Additionally this property benefits from off street parking and is offered to the market with no onward chain!

Living Area 

Bedroom One  16' 6" max x 13' 1" max ( 5.03m max x 3.99m max )

Bedroom Two 13' 1" max x 8' 11" max ( 3.99m max x 2.72m max )

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Canterbury

01227 202614

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪