3 Bed Bungalow, Refurb/BRRR, Canterbury, CT4 6XN, £775,000

COPPENDALE Boyke Lane, Canterbury, Kent, CT4 6XN - 10 months ago

Refurb/BRRR
Planning
~167 m²
+15 photos

ValuationOvervalued

Sold Prices£260K - £787.5K
Sold Prices/m²£3K/m² - £8.4K/m²

 

 

Square Metres

~167 m²
Price/m²£4.6K/m²

Value Estimate

£728,578

 

 

End Value (After Refurb)

£749,348

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£193,750

Stamp Duty & Legal Fees

£50,700

Refurb Costs

£79,748

Bridging Loan Interest

£20,344

Total Cash In

£346,292

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£749,348

Mortgage (After Refinance)

£562,011

Mortgage LTV

75%

Cash Left In

£346,292

Equity

£187,337

Rent Range

£950 - £2,900

Rent Estimate

£1,846

Running Costs/mo

£2,731

Cashflow/mo

£-885

Cashflow/yr

£-10,619

Gross Yield

3%

Local Sold Prices

29 sold prices from £260K to £787.5K, average is £425K. £3K/m² to £8.4K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£787.5K10/220.35 miFern Cottage, Longage Hill, Rhodes Minnis, Canterbury, Kent CT4 6XT3
£420K01/211.06 mi10, Fox Close, Lyminge, Folkestone, Kent CT18 8EZ3
£375K05/231.08 mi35, Mount Pleasant Close, Lyminge, Folkestone, Kent CT18 8HF3
£277K04/211.08 mi17, Mount Pleasant Close, Lyminge, Folkestone, Kent CT18 8HF3
£358.5K12/201.08 mi31, Mount Pleasant Close, Lyminge, Folkestone, Kent CT18 8HF3
£315K06/211.11 mi33, Bedingfield Way, Lyminge, Folkestone, Kent CT18 8JH3
£278K06/211.11 mi12, Bedingfield Way, Lyminge, Folkestone, Kent CT18 8JH3
£389.9K02/211.12 miCranbrook, Barton Field, Lyminge, Folkestone, Kent CT18 8EX3
£535K04/211.13 miFailte, Woodland Road, Lyminge, Folkestone, Kent CT18 8DP3
£550K02/231.13 miFailte, Woodland Road, Lyminge, Folkestone, Kent CT18 8DP3
£296K10/201.14 mi2, Silverlands Road, Lyminge, Folkestone, Kent CT18 8JE3
£260K01/211.14 mi5, Silverlands Road, Lyminge, Folkestone, Kent CT18 8JE3
£389K10/211.21 mi16, Palm Tree Way, Lyminge, Folkestone, Kent CT18 8JL3
£460K04/211.23 miThe Mount, Canterbury Road, Lyminge, Folkestone, Kent CT18 8HU3
£737.5K06/211.24 miMount Lodge, Cullens Hill, Elham, Canterbury, Kent CT4 6UJ3
£475K05/211.36 miCanterbury Cottage, Vicarage Lane, Elham, Canterbury, Kent CT4 6TT3
£550K06/211.37 miSandgath, Sandy Lane, Stelling Minnis, Canterbury, Kent CT4 6DR3
£675K07/231.37 miSandgath, Sandy Lane, Stelling Minnis, Canterbury, Kent CT4 6DR3
£463K12/211.4 miLavender House, High Street, Elham, Canterbury, Kent CT4 6TB3
£425K08/221.43 mi2, The Orchards, Elham, Canterbury, Kent CT4 6TR3
£320K09/221.45 mi8, The Orchards, Elham, Canterbury, Kent CT4 6TR3
£460K04/211.45 miSt Zita, High Street, Elham, Canterbury, Kent CT4 6SY3
£340K06/211.45 mi29, Greenbanks, Lyminge, Folkestone, Kent CT18 8HG3
£445K06/231.45 mi2, Springside Lane, Lyminge, Folkestone, Kent CT18 8HN3
£390K04/211.46 mi21, Fairfield, Elham, Canterbury, Kent CT4 6UT3
£450K07/211.46 mi11, Fairfield, Elham, Canterbury, Kent CT4 6UT3
£299.5K05/211.47 mi3, Cherry Gardens, Elham, Canterbury, Kent CT4 6SZ3
£571.5K06/211.93 miPear Tree Farm Stables, North Elham, Elham, Canterbury, Kent CT4 6UY3
£645K06/212 miSouthfields, Farthing Common, Lyminge, Folkestone, Kent CT18 8DH3

Local Rents

11 rents from £950/mo to £2.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,80012/240.78 miCanterbury Road, Ottinge, Canterbury, CT44
£1,37512/240.95 miLower Court Cottage, Shuttlesfield Lane, Ottinge, Canterbury, Kent, CT4 6XJ2
£1,90012/241.26 miElham, Nr Canterbury, Kent3
£2,90004/241.3 miHigh Street, Lyminge, Folkestone, CT185
£95012/241.41 miThe Row, Elham, Canterbury, CT42
£1,50012/241.45 miHigh Street, Elham, Canterbury3
£1,39512/241.49 miHigh Street, Elham, Canterbury, Kent, CT43
£1,54012/241.66 miFlint Cottage, Elham Park, Elham, Kent2
£1,65004/242.07 miCanterbury Road, Etchinghill, Folkestone, CT183
£2,00012/242.29 miBossingham Road, Stelling Minnis3
£2,30012/242.4 miFryarne Park Farm, Stelling Minnis5

Local Area Statistics

Population in CT4

16,587

Population in Canterbury

65,078

Town centre distance

9.73 miles away

Nearest school

1.30 miles away

Nearest train station

3.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Listed for £775,000

June 4, 2024

Sold for £140,000

1997

Sold for £125,000

1995

Floor Plans

Description

  • Spacious detached bungalow +
  • Now in need of refurbishment with potential for extension +
  • Three paddocks, stable block with three stables and further stable/storage +
  • Approx 2. 3/4 acres +
  • Idyllic rural location +
  • Beautiful walks, cycle routes and bridle paths to explore and enjoy +
  • No Chain +
  • Council Tax - Band F +
  • Tenure - Freehold +

A fantastic opportunity to purchase a unique spacious home nestled in an idyllic rural location in the sought after village of Rhodes Minnis. The property is now in need of some updating and has plenty of scope for extending subject to any necessary planning permissions. The property is set in Approximately 2. 3/4  acres and benefits from stables and storage that are now in need of some attention. ACCOMMODATION: Entrance porch, hallway, spacious double aspect living room with fireplace, dining room with fireplace, kitchen, conservatory, three bedrooms, bathroom, WC, OUTSIDE: Five bar gate to driveway leading to detached double garage, well stocked  front and rear garden, three paddocks, stable block with three stables and further stable/storage. EPC Rating= E

Agent Details

Laing Bennett Estate & Letting Agents, Lyminge, Folkestone

01303 761733

Next Steps?

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