4 Bed HMO, Canterbury, CT1 2BZ £375,000

57 Pound Lane, Canterbury, Kent, CT1 2BZ - 12 views - 2 years ago
HMO
~79 m²
Property image

ValuationOvervalued

Sold Prices£185K - £1.8M
Sold Prices/m²£2.6K/m² - £5.9K/m²

 

 

Square Metres

~79.40 m²
Price/m²£4.7K/m²

Value Estimate

£280,804

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Room Rate

£495

Gross Rent

£1,980

Running Costs/mo

£2,085

Cashflow/mo

£-105

Cashflow/yr

£-1,256

Gross Yield

6%

Local Sold Prices

50 sold prices from £185K to £1.8M, average is £455K. £2.6K/m² to £5.9K/m², average is £3.8K/m².

Price
Date
Distance
Address
Beds
 
£410K02/250.06 mi17, St Peters Lane, Canterbury, Kent CT1 2BP4
£970K06/210.06 miBlackman House, 6a, St Peters Lane, Canterbury, Kent CT1 2BP4
£560K08/210.11 mi8, Blackfriars Street, Canterbury, Kent CT1 2AP4
£380K05/210.12 mi64, Station Road West, Canterbury, Kent CT2 8AN4
£425K12/220.13 mi43a, Station Road West, Canterbury, Kent CT2 8AN4
£1.8M06/210.14 mi14, Westgate Grove, Canterbury, Kent CT2 8AA4
£450K03/250.14 mi54, Station Road West, Canterbury CT2 8AN4
£450K03/250.14 mi54, Station Road West, Canterbury CT2 8AN4
£600K01/230.16 mi4, Abbots Place, Canterbury, Kent CT1 2AH4
£670K03/230.16 mi20, Best Lane, Canterbury, Kent CT1 2JB4
£638.5K03/250.18 mi16, Best Lane, Canterbury CT1 2JB4
£638.5K03/250.18 mi16, Best Lane, Canterbury CT1 2JB4
£365K03/250.19 mi100, Station Road West, Canterbury CT2 8DE4
£365K03/250.19 mi100, Station Road West, Canterbury CT2 8DE4
£470K02/230.2 mi9, Roper Road, Canterbury, Kent CT2 7EH4
£395K02/250.22 mi7, The Spires, Canterbury CT2 8SD4
£395K02/250.22 mi7, The Spires, Canterbury CT2 8SD4
£355K09/210.24 mi1, The Spires, Canterbury, Kent CT2 8SD4
£395K02/250.24 mi7, The Spires, Canterbury, Kent CT2 8SD4
£290K09/210.27 mi12, Mead Way, Canterbury, Kent CT2 8BB4
£620K02/230.27 mi8, Orchard Street, Canterbury, Kent CT2 8AP4
£690K01/250.28 mi19, Orchard Street, Canterbury CT2 8AP4
£440K10/210.29 mi6, Roseacre Close, Canterbury, Kent CT2 7HN4
£515K12/220.3 mi65, Mandeville Road, Canterbury, Kent CT2 7HD4
£460K02/250.3 mi18, New Street, St Dunstans, Canterbury CT2 8AU4
£460K02/250.3 mi18, New Street, St Dunstans, Canterbury CT2 8AU4
£490K10/240.32 mi27, St Stephens Road, Canterbury CT2 7JD4
£800K12/220.34 mi10, London Road, Canterbury, Kent CT2 8LR4
£665K06/230.36 mi2, Mandeville Road, Canterbury, Kent CT2 7HB4
£850K01/250.4 mi38, Whitstable Road, Canterbury CT2 8DQ4
£850K01/250.4 mi38, Whitstable Road, Canterbury CT2 8DQ4
£445K12/240.41 mi6, St Dunstan's Close, Canterbury CT2 8LP4
£475K08/240.43 mi13, Princes Way, Canterbury CT2 8LG4
£600K01/230.52 mi5, Monks Close, Canterbury, Kent CT2 7ET4
£1.2M01/230.54 mi15, Temple Road, Canterbury, Kent CT2 8JD4
£685K11/240.54 mi14, Longport, Canterbury CT1 1PE4
£285K03/250.55 mi15, Rushmead Close, Canterbury CT2 7RP4
£522K12/240.55 mi19, Ringwood Close, Canterbury CT2 7SQ4
£522K12/240.55 mi19, Ringwood Close, Canterbury CT2 7SQ4
£650K10/240.57 mi3, Leycroft Close, Canterbury CT2 7LD4
£285K10/220.59 mi8, New Town Street, Canterbury, Kent CT1 1BX4
£393K11/240.6 mi108, Salisbury Road, Canterbury CT2 7SE4
£185K01/250.6 mi1, Gillon Mews, Canterbury, Kent CT1 1LZ4
£395K03/250.6 mi97, Salisbury Road, Canterbury CT2 7SE4
£395K03/250.6 mi97, Salisbury Road, Canterbury CT2 7SE4
£380K11/240.62 mi12, Hawthorn Avenue, Canterbury CT2 7PR4
£280K11/210.64 mi48, College Road, Canterbury, Kent CT1 1QX4
£268K07/210.64 mi38, College Road, Canterbury, Kent CT1 1QX4
£353K01/230.64 mi19, North Holmes Road, Canterbury, Kent CT1 1QR4
£272K07/210.64 mi27, Albert Road, Canterbury, Kent CT1 1UJ4

Local Area Statistics

Population in CT1

29,688

Population in Canterbury

65,078

Town centre distance

0.51 miles away

Nearest school

0.20 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+6%

Property History

Listed for £375,000

February 12, 2024

Sold for £223,000

2013

Sold for £207,500

2007

Sold for £190,000

2005

Sold for £110,000

1999

Sold for £63,000

1998

Floor Plans

Property image

Description

  • Period Property +
  • City Centre +
  • Low maintenance rear garden +
  • End Of Terrace +
  • Walking Distance To Amenities and Canterbury West station +
  • 4 Bedrooms +
  • Great Investment Opportunity +
  • Tenants In Situ +
  • EPC- E +
  • Council Tax - C +

HMO Property

Regal Estates are delighted to offer for sale this three/four bedroom end of terrace period property located within the city walls in a fabulous location. There is extensive accommodation comprising two reception rooms (one currently used a bedroom), a utilily room and a kitchen and on the first floor there are two double bedrooms one with a en-suite shower room, and a third large bedroom on the second floor. This property is being sold as a going concern with tenants in situ until 30th of June 2025 paying £1980 per calendar month.

Located on Pound Lane, close to the Westgate Tower and within walking distance to the bustling High Street and Canterbury West Station, this city centre property proves popular with students of both Kent University and Canterbury Christchurch.

Call us now to see this fantastic property for yourself!

Entrance -

Bedroom Four / Reception Room - 4.04m x 3.40m (13'03 x 11'02)

Lounge - 3.40m x 3.23m (11'02 x 10'07)

Kitchen - 3.43m x 2.03m (11'03 x 6'08)

Utilities - 2.84m x 2.03m (9'04 x 6'08)

First Floor

Bedroom One - 3.25m x 2.82m (10'8 x 9'03)

En Suite - 1.68m x 1.24m (5'06 x 4'01)

Bedroom Two - 3.73m x 2.95m (12'03 x 9'08)

Shower Room - 2.03m x 1.55m (6'08 x 5'01)

Second Floor

Bedroom Three - 3.28m x 2.01m (10'09 x 6'07)

External

Rear Garden

Agent Details

Regal Estates, Canterbury

01227 763888

Next Steps?

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