2 Bed Flat, Single Let, Canterbury, CT2 7UD, £150,000

Halstead Close, Canterbury, CT2 7UD - 5 views - a year ago

Leasehold
BTL
ROI: 10%
~68 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£181,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£1,040 - £2,550

Rent Estimate

£1,050

Running Costs/mo

£699

Cashflow/mo

£351

Cashflow/yr

£4,215

ROI

10%

Gross Yield

8%

Local Sold Prices

28 sold prices from £95K to £325K, average is £200K. £2.2K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£157K10/220 mi21, Halstead Close, Canterbury, Kent CT2 7UD2
£165K12/200.15 mi5, Jesuit Close, Canterbury, Kent CT2 7DB2
£175K10/220.15 mi5, Jesuit Close, Canterbury, Kent CT2 7DB2
£167K11/220.24 mi8, Godden Road, Canterbury, Kent CT2 7BY2
£95K05/230.36 mi42, Walden Court, Canterbury, Kent CT2 7JQ2
£170K05/230.55 mi2, Stonebridge Road, Canterbury, Kent CT2 7LN2
£275K09/210.55 mi22, Westwood Drive, Canterbury, Kent CT2 7US2
£230K02/230.57 mi20, Dextor Close, Canterbury, Kent CT2 7JB2
£220K11/220.58 mi19, Dextor Close, Canterbury, Kent CT2 7JB2
£181K01/210.58 mi15, Dextor Close, Canterbury, Kent CT2 7JB2
£227K06/230.58 mi21, Dextor Close, Canterbury, Kent CT2 7JB2
£288K12/220.6 mi16, Ambleside Place, Canterbury, Kent CT2 7UJ2
£161K09/210.66 mi15, Keyworth Mews, Canterbury, Kent CT1 1XQ2
£170K05/210.7 mi14, Shaftesbury Road, Canterbury, Kent CT2 7LF2
£200K06/230.7 mi36, Shaftesbury Road, Canterbury, Kent CT2 7LF2
£245K12/210.76 mi3, Holters Mill, Canterbury, Kent CT2 8SP2
£220K10/220.84 mi91, Station Road West, Canterbury, Kent CT2 8SE2
£230K05/210.85 mi129, Station Road West, Canterbury, Kent CT2 8DE2
£233K08/210.85 mi163, Station Road West, Canterbury, Kent CT2 8DE2
£160K10/220.87 miFlat 14, Barton Mill Court, Station Road West, Canterbury, Kent CT2 7JZ2
£170K01/230.92 miFlat 43, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£187K02/230.92 mi41, Artillery Gardens, Canterbury, Kent CT1 1LG2
£200K11/200.92 miFlat 20, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K08/210.92 miFlat 6, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£245K02/210.92 mi20, Orient Place, Canterbury, Kent CT2 8AW2
£287.5K11/220.92 mi42, Orient Place, Canterbury, Kent CT2 8AW2
£325K05/230.98 miFlat 2, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN2
£270K11/200.98 miFlat 8, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN2

Local Rents

22 rents from £1K/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£2,55004/250.08 mi-2
£1,05003/240.12 miUlcombe Gardens, Canterbury2
£1,20005/240.14 miFrencham Close Canterbury CT22
£1,30003/240.17 mi2 Bedroom Student Home - Jesuit Close, UKC2
£1,07503/240.18 miNethersole Close, Canterbury2
£2,40001/240.32 mi-2
£2,20005/240.32 mi-2
£1,87502/250.32 mi-2
£1,20003/240.33 miLong Meadow Way, Canterbury2
£1,10004/250.36 mi-2
£1,20003/240.48 miWaters Edge, Canterbury, CT12
£1,35004/240.48 miWaters Edge, Canterbury2
£1,10003/240.51 miRipple Court, Canterbury2
£1,40003/240.51 miBarton Mill Road, Canterbury, CT12
£1,20003/240.51 miRiverdale Road, Canterbury2
£1,27505/240.52 miWestwood Drive, Canterbury2
£1,25005/240.56 miSturry Road, Canterbury2
£1,40003/240.57 miWestwood Drive, Canterbury2
£1,40004/240.57 miWestwood Drive, Canterbury2
£1,20004/250.57 mi-2
£1,04003/240.59 miSturry Road, Canterbury Ref - 31512
£1,20012/230.61 mi-2

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.60 miles away

Nearest school

0.50 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+59%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £150,000

April 11, 2024

Description

  • Spacious Two Bedroom Top Floor Apartment +
  • Popular Residential Location Near to Local Amenities +
  • Very Well Presented Throughout, Modern Finish +
  • Easy on Road Parking Nearby +
  • No Onward Chain +
  • Ideal Investment or First Time Buy +

SUMMARY
Sold with no onward chain, this two bedroom top floor apartment is set in a popular residential location close to local amenities and within reach of Canterbury City centre. The property comprises a lounge, modern kitchen and bathroom and two bedrooms. Ideal first time buy or investment purchase.

DESCRIPTION
Recently refurbished to a high standard, this two bedroom apartment sold with no onward chain making an ideal first time buy or investment. Positioned in a popular residential location, the property enjoys easy access to local amenities including newsagents and other stores. Canterbury City centre is within easy reach with its famous Cathedral and array of shopping outlets and restaurants.

The property itself is finished to a modern standard with a modern kitchen with granite worktops and bathroom, spacious living room, dedicated office area with fitted cupboards and two double bedrooms, the main bedroom enjoying quality fitted wardrobes. The property has marble floors to the hallway, kitchen and bathroom and has recently been rewired to current regulations,

The property is on the top floor of three providing a quiet position with only one wall in the kitchen adjoining the other neighbour. The apartment enjoys nice views over Canterbury and also benefits from easy on road parking.

Entrance Hall 
Dressing room area, storage cupboard, hot water tank, marble tiled floor

Lounge 14' 1" x 10' 11" ( 4.29m x 3.33m )
Double glazed window, laminate flooring, electric wall heater and TV point.

Kitchen 8' 8" x 7' 11" ( 2.64m x 2.41m )
Double glazed window, wall and base units, granite work surface over, electric oven, hob and extractor fan. Marble tiled floor. Fridge freezer.

Bedroom One 10' 11" x 6' 11" ( 3.33m x 2.11m )
Double glazed window, storage heater and laminate flooring, quality fitted wardrobes.

Bedroom Two 13' 9" x 8' 10" ( 4.19m x 2.69m )
Double glazed windows x2, laminate flooring.

Shower Room 
Large shower cubicle, WC, wash hand basin, full tiled walls and marble tiled floors.

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

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