4 Bed HMO, Canterbury, CT2 7HR, £350,000

411C Bramshaw Road, Canterbury, CT2 7HR - 1 views - a year ago

HMO
Refurb/BRRR
~59 m²
+11 photos

ValuationOvervalued

Sold Prices£245K - £1.8M
Sold Prices/m²£2.8K/m² - £7.4K/m²

 

 

Square Metres

~58.99 m²
Price/m²£5.9K/m²

Value Estimate

£198,163

 

 

End Value (After Refurb)

£329,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£28,162

Bridging Loan Interest

£9,188

Total Cash In

£143,300

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£329,125

Mortgage (After Refinance)

£246,844

Mortgage LTV

75%

Cash Left In

£143,300

Equity

£82,281

Room Rate

£351

Gross Rent

£1,404

Running Costs/mo

£1,800

Cashflow/mo

£-396

Cashflow/yr

£-4,755

Gross Yield

5%

Local Sold Prices

50 sold prices from £245K to £1.8M, average is £482K. £2.8K/m² to £7.4K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£460.5K04/210.11 mi74, Salisbury Road, Canterbury, Kent CT2 7HH4
£1.1M01/210.14 mi46, Harkness Drive, Canterbury, Kent CT2 7RW4
£465K02/210.19 mi5, Cadnam Close, Canterbury, Kent CT2 7SD4
£665K06/230.23 mi2, Mandeville Road, Canterbury, Kent CT2 7HB4
£484K04/210.23 mi1, Mandeville Road, Canterbury, Kent CT2 7HB4
£515K12/220.23 mi65, Mandeville Road, Canterbury, Kent CT2 7HD4
£514K12/200.24 mi4, Westgate Court Avenue, Canterbury, Kent CT2 8DW4
£440K10/210.26 mi6, Roseacre Close, Canterbury, Kent CT2 7HN4
£800K12/220.3 mi10, London Road, Canterbury, Kent CT2 8LR4
£665K12/220.31 mi6, Cherry Garden Road, Canterbury, Kent CT2 8EL4
£425K01/210.33 mi18, Roper Road, Canterbury, Kent CT2 7EG4
£632K07/230.34 mi3, Cherry Garden Road, Canterbury, Kent CT2 8EL4
£470K02/230.35 mi9, Roper Road, Canterbury, Kent CT2 7EH4
£590K03/210.35 mi3, Roper Road, Canterbury, Kent CT2 7EH4
£450K05/210.38 mi23, Cherry Garden Road, Canterbury, Kent CT2 8EP4
£533K07/230.38 mi21, Cherry Avenue, Canterbury, Kent CT2 8EN4
£425K12/220.4 mi43a, Station Road West, Canterbury, Kent CT2 8AN4
£355K09/210.4 mi1, The Spires, Canterbury, Kent CT2 8SD4
£1.2M01/230.4 mi15, Temple Road, Canterbury, Kent CT2 8JD4
£380K05/210.4 mi64, Station Road West, Canterbury, Kent CT2 8AN4
£360K11/200.4 mi66, Station Road West, Canterbury, Kent CT2 8AN4
£620K02/230.41 mi8, Orchard Street, Canterbury, Kent CT2 8AP4
£379K04/210.43 mi27, Orient Place, Canterbury, Kent CT2 8AW4
£465K01/210.43 mi45, Kirbys Lane, Canterbury, Kent CT2 8AG4
£290K09/210.48 mi12, Mead Way, Canterbury, Kent CT2 8BB4
£532.5K03/230.48 mi15, Glen Iris Avenue, Canterbury, Kent CT2 8HP4
£310K12/220.48 miPenthouse, Hilltop House, Glen Iris Avenue, Canterbury, Kent CT2 8HP4
£315K12/220.48 mi90, Bishops Way, Canterbury, Kent CT2 8DU4
£540K11/200.49 mi7b, North Lane, Canterbury, Kent CT2 7EB4
£430K12/200.51 mi27, St Stephens Road, Canterbury, Kent CT2 7JD4
£1.8M06/210.52 mi14, Westgate Grove, Canterbury, Kent CT2 8AA4
£480K02/210.56 mi54, Hillside Avenue, Canterbury, Kent CT2 8HA4
£535K10/220.57 mi69, Hillside Avenue, Canterbury, Kent CT2 8HA4
£970K06/210.58 miBlackman House, 6a, St Peters Lane, Canterbury, Kent CT1 2BP4
£385K10/220.58 mi46, Westgate Close, Canterbury, Kent CT2 8JH4
£600K01/230.59 mi5, Monks Close, Canterbury, Kent CT2 7ET4
£250K05/210.61 mi11, Downs Road, Canterbury, Kent CT2 7AY4
£315K10/220.62 mi9, Downs Road, Canterbury, Kent CT2 7AY4
£560K08/210.63 mi8, Blackfriars Street, Canterbury, Kent CT1 2AP4
£245K09/210.63 mi4, Prioress Road, Harbledown, Canterbury, Kent CT2 8NX4
£445K04/210.64 miMalverns, Market Way, Canterbury, Kent CT2 7JG4
£250K08/210.65 mi77, Downs Road, Canterbury, Kent CT2 7TN4
£485K02/210.65 mi8, Abbey Gardens, Canterbury, Kent CT2 7EU4
£600K01/230.65 mi4, Abbots Place, Canterbury, Kent CT1 2AH4
£778.5K02/230.65 mi40, The Crescent, Canterbury, Kent CT2 7AW4
£260K02/210.66 mi42, St Peters Grove, Canterbury, Kent CT1 2DJ4
£245K07/210.66 mi49, Miller Avenue, Harbledown, Canterbury, Kent CT2 8NY4
£750K03/210.68 mi4, Summer Hill, Harbledown, Canterbury, Kent CT2 8NH4
£670K03/230.68 mi20, Best Lane, Canterbury, Kent CT1 2JB4
£560K05/210.68 miCambrian House, The Terrace, Canterbury, Kent CT2 7AJ4

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.75 miles away

Nearest school

0.50 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+59%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £350,000

April 22, 2024

Floor Plans

Description

Benefit of no on-ward Chain and currently yielding 4.8% return on investment.

This Freehold property is currently rented as a 4 bedroom HMO property so would make an Ideal investment property or could be turned back into a family home very easily with some modernisation. The property is located just a short walk from Station Road West Train Station, Canterbury City Centre and the University of Kent. The property is being sold with no chain. For any further information or to arrange a viewing please call our offices.

Council Tax Band- C
Freehold
Currently achieving £1405 per month excluding utilities
Is let as a HMO

With the convenience of no onward chain, this property presents a rare opportunity to acquire as a buy to let or as a home.

Viewings strictly by appointment only

Identification checks
Should a purchaser(s) have an offer accepted on a property marketed by Sally Hatcher Estates Limited, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Hallway - 3.425 x 2.156 (11'2" x 7'0") -

Living Room - 2.927 x 3.530 (9'7" x 11'6") -

Kitchen - 3.476 x 2.156 (11'4" x 7'0") -

Bedroom 1 - 4.046 x 3.293 (13'3" x 10'9") -

Bedroom 2 - 2.824 x 2.820 (9'3" x 9'3") -

Bedroom 3 - 3.132 x 4.041 (10'3" x 13'3") -

Bedroom 4 - 2.569 x 3.049 (8'5" x 10'0") -

Wc - 1.942 x 0.742 (6'4" x 2'5") -

Bathroom - 1.876 x 1.483 (6'1" x 4'10") -

Agent Details

Sally Hatcher Estates Sales, Chartham Hatch

01227 538063

Next Steps?

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