3 Bed Semi-Detached House, Refurb/BRRR, Canterbury, CT3 4HU, £250,000

15 Ash Crescent, Hersden, Canterbury, Kent, CT3 4HU - a year ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£138.5K - £790K
Sold Prices/m²£1.4K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£290,013

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£44,000

Bridging Loan Interest

£6,563

Total Cash In

£123,513

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£290,013

Mortgage (After Refinance)

£217,510

Mortgage LTV

75%

Cash Released

£30,010

Cash Left In

£93,503

Equity

£72,503

Rent Range

£725 - £3,395

Rent Estimate

£1,425

Running Costs/mo

£1,211

Cashflow/mo

£214

Cashflow/yr

£2,565

ROI

2%

Gross Yield

7%

Local Sold Prices

42 sold prices from £138.5K to £790K, average is £292.5K. £1.4K/m² to £4.4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£305K04/210.01 mi2, Ash Crescent, Hersden, Canterbury, Kent CT3 4HU3
£284K10/200.03 mi24, South View, Hersden, Canterbury, Kent CT3 4EY3
£295K04/210.03 mi27, South View, Hersden, Canterbury, Kent CT3 4EY3
£330K11/220.03 mi17, South View, Hersden, Canterbury, Kent CT3 4EY3
£138.5K03/210.04 mi30, The Avenue, Hersden, Canterbury, Kent CT3 4HR3
£290K12/200.13 mi20, The Sycamores, Hersden, Canterbury, Kent CT3 4JA3
£275K08/210.14 mi10, The Poplars, Hersden, Canterbury, Kent CT3 4EZ3
£265K02/230.15 mi1, The Avenue, Hersden, Canterbury, Kent CT3 4HL3
£285K10/210.21 mi34, Larch Close, Hersden, Canterbury, Kent CT3 4GE3
£310K03/210.64 mi15, Blengate Close, Westbere, Canterbury, Kent CT2 0FE3
£320K10/210.82 mi18, Walnut Tree Lane, Westbere, Canterbury, Kent CT2 0HG3
£790K09/220.96 mi1, Church Lane, Westbere, Canterbury, Kent CT2 0HA3
£300K12/201.13 miCopperfield, Redcot Lane, Sturry, Canterbury, Kent CT2 0ES3
£350K07/211.2 mi41, Staines Hill, Sturry, Canterbury, Kent CT2 0ER3
£285.5K06/211.29 mi7, Barn Close, Hoath, Canterbury, Kent CT3 4JU3
£350K05/211.35 mi39, Oakwood Road, Sturry, Canterbury, Kent CT2 0LU3
£315K10/201.36 mi1, The Row, Hoath, Canterbury, Kent CT3 4LA3
£370K03/231.36 mi1, The Row, Hoath, Canterbury, Kent CT3 4LA3
£280K12/201.49 mi22, Chestnut Drive, Sturry, Canterbury, Kent CT2 0NB3
£260K03/231.49 mi45, Chestnut Drive, Sturry, Canterbury, Kent CT2 0NB3
£377.5K11/221.49 mi10, Whatmer Close, Sturry, Canterbury, Kent CT2 0JJ3
£290K11/201.55 mi87, Cedar Road, Sturry, Canterbury, Kent CT2 0JG3
£290K06/231.55 mi67, Cedar Road, Sturry, Canterbury, Kent CT2 0JG3
£282K04/211.59 mi7, Twyne Close, Sturry, Canterbury, Kent CT2 0JW3
£320K10/221.61 mi4, Homewood Road, Sturry, Canterbury, Kent CT2 0JP3
£260K07/211.61 mi11, Homewood Road, Sturry, Canterbury, Kent CT2 0JP3
£277.5K03/211.61 mi9, Hollow Street, Chislet, Canterbury, Kent CT3 4DS3
£310K02/211.63 mi13, Stour Valley Close, Upstreet, Canterbury, Kent CT3 4DB3
£325K01/211.64 mi9, Bournes Close, Sturry, Canterbury, Kent CT2 0LH3
£285K10/201.69 mi48, Cedar Road, Sturry, Canterbury, Kent CT2 0HY3
£330K03/211.69 mi1, Old Tree Road, Hoath, Canterbury, Kent CT3 4LH3
£495K02/231.69 mi2, Old Tree Road, Hoath, Canterbury, Kent CT3 4LH3
£322K11/221.72 mi19, Cedar Road, Sturry, Canterbury, Kent CT2 0HZ3
£259K11/201.73 mi18, Cedar Road, Sturry, Canterbury, Kent CT2 0HY3
£360K02/211.73 mi9, Hudson Close, Sturry, Canterbury, Kent CT2 0HX3
£315K11/221.73 mi4, Hudson Close, Sturry, Canterbury, Kent CT2 0HX3
£190K07/231.79 mi54, Sleigh Road, Sturry, Canterbury, Kent CT2 0HT3
£253K03/211.79 mi23, Mccarthy Avenue, Sturry, Canterbury, Kent CT2 0PE3
£290K10/221.81 mi9, St Marys Gardens, Upstreet, Canterbury, Kent CT3 4DJ3
£287.5K01/211.82 mi5, Meadow Road, Sturry, Canterbury, Kent CT2 0JE3
£325K02/211.84 mi34, Popes Lane, Sturry, Canterbury, Kent CT2 0JZ3
£215K03/211.87 mi31, Deansway Avenue, Sturry, Canterbury, Kent CT2 0NL3

Local Rents

51 rents from £725/mo to £3.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30010/230.03 mi-2
£1,40010/230.06 mi-3
£1,30011/230.06 mi-3
£1,30011/230.06 mi-3
£82911/230.07 mi-1
£77505/240.08 mi-1
£82512/240.08 miSt. Albans Road, Hersden, Canterbury, CT31
£77506/240.08 mi-1
£80003/250.08 mi-1
£1,45012/240.13 miThe Avenue, Hersden, CT33
£1,37512/240.21 mi36 Larch Close, Hersden, Canterbury, Kent,4
£1,55012/240.34 miBlackthorn Road, Hersden, Canterbury, Kent, CT3 4GA3
£1,80001/240.36 mi-4
£1,55003/250.94 mi-2
£1,50012/241.31 miIsland Road, Upstreet, Canterbury, Kent, CT33
£1,25012/241.33 miStodmarsh, Canterbury, Kent, CT31
£1,20007/241.34 mi-2
£1,60012/241.35 miHoath, Canterbury, CT34
£1,50004/241.49 mi-3
£1,30003/241.55 miFairview Gardens, Sturry, CT23
£1,20010/241.59 mi-2
£1,30003/241.61 miFairview Gardens, Sturry, Canterbury, Kent, CT23
£97502/241.8 mi-2
£72505/241.8 mi-1
£85003/241.83 miIsland Road, Sturry, CT21
£1,00004/241.86 miPark View, Sturry, CANTERBURY2
£2,00004/241.9 mi-4
£2,00002/251.91 mi-4
£2,40011/241.94 mi-3
£2,20003/251.95 mi-3
£1,15003/241.95 miSturry Hill, Canterbury2
£86003/241.95 miSturry, Canterbury1
£86004/241.95 miSturry, Canterbury1
£1,40012/241.96 miUpstreet3
£3,39505/241.97 mi-3
£3,20001/251.97 mi-3
£3,20003/251.97 mi-3
£3,15003/251.98 mi-3
£3,15003/251.98 mi-3
£1,45003/241.99 miHigh Street, Sturry3
£1,25003/242 miFordwich Road, Sturry, Canterbury, CT22
£1,25003/242 mi-2
£1,15005/242.02 miFordwich Road, Sturry, Canterbury2
£1,20003/242.02 miHigh Street, Sturry, CT22
£1,35012/242.03 mi-3
£1,65012/242.09 mi-2
£1,45004/242.13 mi3 bedroom End of Terrace House in Fox Lane, Sturry3
£1,60004/242.13 mi3 bedroom Semi Detached House in Fox Lane, Sturry3
£1,85004/242.13 mi4 bedroom Detached House in Fox Lane, Sturry4
£1,45012/242.13 mi3 bedroom property in Fox Lane, Sturry3
£2,20005/232.29 mi-4

Local Area Statistics

Population in ct3

17,465

Population in Canterbury

65,078

Town centre distance

3.75 miles away

Nearest school

0.10 miles away

Nearest train station

1.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Buyer's market

Capital growth (5yrs)

+11%

Property History

Listed for £250,000

April 16, 2024

Floor Plans

Description

  • 3 Bedrooms, family shower room +
  • Sitting Room with bay window & fireplace +
  • Large kitchen/breakfast room +
  • Good size rear garden +
  • Potential for extension +
  • No onward chain +

A semi-detached house set in a small crescent on a good sized plot offering potential for extension. The accommodation includes a sitting room to the front with a bay window and fireplace, and a large kitchen/breakfast room opening onto the garden. The staircase is open to a double height ceiling leading to the first floor landing and onto three bedrooms plus the family shower room. The house benefits from double glazed windows and doors, central heating via a combination gas boiler and main services. The property is offered with no onward chain and is now in need of modernisation and refurbishment throughout.

Externally the property has a lawned front garden with a pretty front wall and to one side is further potential for a driveway (subject to the necessary planning consents). There is a good sized rear garden measuring approx. 22' 11'' x 17' 5'' (6.98m x 5.30m) with the lawn extending to the side of the property providing a further 19' x 17' (5.79m x 5.18m). The garden is mainly laid to lawn with a patio, garden shed, outside WC and enclosed by a mixture of mature hedging and timber fencing.

Hersden has easy access to the Cathedral City of Canterbury and the surrounding countryside offers good walking and cycling. Canterbury offers a comprehensive range of shopping and leisure facilities, an impressive number of primary and secondary schools including two nearby grammar schools and a selection of colleges and universities. High speed rail services are available from Canterbury west station to London St. Pancras with an approximate journey time of 55 mins. The M2 to London and A2 to Dover are both easily accessible.

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Agent Details

Charles Bainbridge, Canterbury

01227 532454

Next Steps?

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