2 Bed Flat, Potential PLO/LOA, Canterbury, CT2 7BY, £125,000

8 Godden Road, Canterbury, Kent, CT2 7BY - 14 views - a year ago

Sold STC
Leasehold
Negative Equity
ROI: 15%
48 m²
+9 photos

ValuationUndervalued

Sold Prices£95K - £325K
Sold Prices/m²£2.2K/m² - £5.1K/m²

 

 

Square Metres

48 m²
Price/m²£2.6K/m²

Value Estimate

£152,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£1,050 - £2,550

Rent Estimate

£1,097

Running Costs/mo

£630

Cashflow/mo

£467

Cashflow/yr

£5,604

ROI

15%

Gross Yield

11%

Local Sold Prices

36 sold prices from £95K to £325K, average is £208.5K. £2.2K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£167K11/220.03 mi8, Godden Road, Canterbury, Kent CT2 7BY2
£165K12/200.11 mi5, Jesuit Close, Canterbury, Kent CT2 7DB2
£175K10/220.11 mi5, Jesuit Close, Canterbury, Kent CT2 7DB2
£157K10/220.26 mi21, Halstead Close, Canterbury, Kent CT2 7UD2
£95K05/230.36 mi42, Walden Court, Canterbury, Kent CT2 7JQ2
£230K02/230.44 mi20, Dextor Close, Canterbury, Kent CT2 7JB2
£220K11/220.45 mi19, Dextor Close, Canterbury, Kent CT2 7JB2
£181K01/210.45 mi15, Dextor Close, Canterbury, Kent CT2 7JB2
£227K06/230.45 mi21, Dextor Close, Canterbury, Kent CT2 7JB2
£170K05/210.47 mi14, Shaftesbury Road, Canterbury, Kent CT2 7LF2
£200K06/230.47 mi36, Shaftesbury Road, Canterbury, Kent CT2 7LF2
£170K05/230.53 mi2, Stonebridge Road, Canterbury, Kent CT2 7LN2
£288K12/220.55 mi16, Ambleside Place, Canterbury, Kent CT2 7UJ2
£275K09/210.57 mi22, Westwood Drive, Canterbury, Kent CT2 7US2
£245K12/210.6 mi3, Holters Mill, Canterbury, Kent CT2 8SP2
£220K10/220.69 mi91, Station Road West, Canterbury, Kent CT2 8SE2
£230K05/210.71 mi129, Station Road West, Canterbury, Kent CT2 8DE2
£233K08/210.71 mi163, Station Road West, Canterbury, Kent CT2 8DE2
£161K09/210.72 mi15, Keyworth Mews, Canterbury, Kent CT1 1XQ2
£160K10/220.74 miFlat 14, Barton Mill Court, Station Road West, Canterbury, Kent CT2 7JZ2
£245K02/210.78 mi20, Orient Place, Canterbury, Kent CT2 8AW2
£287.5K11/220.78 mi42, Orient Place, Canterbury, Kent CT2 8AW2
£170K01/230.79 miFlat 43, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K11/200.8 miFlat 20, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K08/210.8 miFlat 6, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£325K05/230.83 miFlat 2, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN2
£270K11/200.83 miFlat 8, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN2
£250K10/200.84 miFlat 6, Kirbys Heights, Station Road West, Canterbury, Kent CT2 8FB2
£200K02/210.84 miFlat 1, Kirbys Heights, Station Road West, Canterbury, Kent CT2 8FB2
£227.5K05/230.86 mi14, Carriage Mews, Canterbury, Kent CT2 8AL2
£187K02/230.88 mi41, Artillery Gardens, Canterbury, Kent CT1 1LG2
£225K10/200.9 miFlat 2, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£217K01/210.9 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£266K06/230.9 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£170K07/210.92 miFlat 2, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£198K06/230.92 miFlat 10, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2

Local Rents

20 rents from £1.1K/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30003/240.1 mi2 Bedroom Student Home - Jesuit Close, UKC2
£1,20005/240.15 miFrencham Close Canterbury CT22
£1,07503/240.19 miNethersole Close, Canterbury2
£1,20003/240.23 miLong Meadow Way, Canterbury2
£1,05003/240.25 miUlcombe Gardens, Canterbury2
£2,55004/250.33 mi-2
£1,10004/250.36 mi-2
£2,40001/240.37 mi-2
£2,20005/240.37 mi-2
£1,87502/250.37 mi-2
£1,20004/250.52 mi-2
£1,20003/240.54 miWaters Edge, Canterbury, CT12
£1,35004/240.54 miWaters Edge, Canterbury2
£1,27505/240.54 miWestwood Drive, Canterbury2
£1,40003/240.56 miWestwood Drive, Canterbury2
£1,40004/240.56 miWestwood Drive, Canterbury2
£1,40003/240.56 miBarton Mill Road, Canterbury, CT12
£1,10003/240.57 miRipple Court, Canterbury2
£1,20003/240.6 miThe Spires, CANTERBURY2
£1,20005/240.61 miBeaconsfield Road, Canterbury2

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+59%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £125,000

-34%

February 29, 2024

Sold for £167,000

2022

Sold for £130,000

2007

Floor Plans

Description

  • No onward chain +
  • Ideal first-time buy or investment +
  • Sought after location +
  • Electric radiators throughout +
  • Two double bedrooms +
  • Spacious lounge +

* Guide Price £125,000 - £150,000*

Ideal for investors, this 2-bedroom first-floor flat presents a prime opportunity for hassle-free living, being offered with no onward chain.

Upon entry, a small entrance porch welcomes you into a spacious layout designed for comfortable living. The highlight of the property is the generously sized lounge, providing ample space for relaxation and entertainment. Adjacent, the kitchen offers functionality and convenience, ensuring culinary endeavors are a breeze.

The three-piece bathroom, complete with an electric shower above the bath, caters to daily needs with ease. Both bedrooms offer comfortable accommodation, with the master bedroom particularly spacious and boasting built-in cupboards for added storage solutions.

With its convenient location and low-maintenance living, this flat presents an attractive option for investors seeking rental income from both professionals and students.

Don't miss out on this opportunity to acquire a property with great potential and flexibility in a sought-after location.

Agent Details

Mann, Canterbury

01227 202196

Next Steps?

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