2 Bed Bungalow, Refurb/BRRR, Canterbury, CT4 6YA, £625,000

Gate Lane, Rhodes Minnis, Canterbury, CT4 6YA - a year ago

Refurb/BRRR
Planning
~120 m²
+13 photos

ValuationOvervalued

Sold Prices£235K - £480K
Sold Prices/m²£1.9K/m² - £6.4K/m²

 

 

Square Metres

~120 m²
Price/m²£5.2K/m²

Value Estimate

£608,955

 

 

End Value (After Refurb)

£542,169

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£53,700

Refurb Costs

£62,599

Bridging Loan Interest

£16,406

Total Cash In

£290,705

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£542,169

Mortgage (After Refinance)

£406,627

Mortgage LTV

75%

Cash Left In

£290,705

Equity

£135,542

Rent Range

£620 - £2,900

Rent Estimate

£1,525

Running Costs/mo

£2,019

Cashflow/mo

£-494

Cashflow/yr

£-5,931

Gross Yield

3%

Local Sold Prices

32 sold prices from £235K to £480K, average is £343.8K. £1.9K/m² to £6.4K/m², average is £4.9K/m².

Price
Date
Distance
Address
Beds
 
£324K06/210.39 miBriar Gate, White Horse Lane, Rhodes Minnis, Canterbury, Kent CT4 6XP2
£390K03/210.7 miHillcroft, Longage Hill, Rhodes Minnis, Canterbury, Kent CT4 6XT2
£390K11/241.44 miThe Old Chapel, The Row, Elham, Canterbury, Kent CT4 6UN2
£283K03/251.44 mi2, Hubble Cottage, High Street, Canterbury CT4 6TD2
£390K11/241.44 miThe Old Chapel, The Row, Elham CT4 6UN2
£235K05/231.47 mi1, Old Cottages, Elham, Canterbury, Kent CT4 6UP2
£375K11/211.48 mi4, Park Lane, Elham, Canterbury, Kent CT4 6UU2
£350K03/211.5 miDenbrae, Brady Road, Lyminge, Folkestone, Kent CT18 8EU2
£340K04/211.51 mi5, Hogben Close, Lyminge, Folkestone, Kent CT18 8ND2
£390K06/211.52 miBruton Lodge, High Street, Elham, Canterbury, Kent CT4 6SX2
£360K02/251.54 mi6, Ethelburga Drive, Folkestone CT18 8JJ2
£347.5K10/221.54 mi26, Ethelburga Drive, Lyminge, Folkestone, Kent CT18 8JJ2
£268K09/211.54 mi24, Ethelburga Drive, Lyminge, Folkestone, Kent CT18 8JJ2
£302.5K04/211.54 mi29, Ethelburga Drive, Lyminge, Folkestone, Kent CT18 8JJ2
£355K09/221.54 mi25, Ethelburga Drive, Lyminge, Folkestone, Kent CT18 8JJ2
£365K03/211.55 mi7, Hog Green, Elham, Canterbury, Kent CT4 6TU2
£480K06/231.55 mi1, Hog Green, Elham, Canterbury, Kent CT4 6TU2
£270K04/211.56 mi5, Lyndon Way, Lyminge, Folkestone, Kent CT18 8JD2
£353K10/241.56 mi2, Mount Pleasant Close, Folkestone CT18 8HF2
£365K02/231.58 mi7, Mount Pleasant Close, Lyminge, Folkestone, Kent CT18 8HF2
£315K11/211.59 mi50, Silverlands Road, Lyminge, Folkestone, Kent CT18 8JG2
£352K12/241.59 mi42, Silverlands Road, Lyminge, Folkestone, Kent CT18 8JG2
£300K12/221.59 miSouthgate, Woodland Road, Lyminge, Folkestone, Kent CT18 8ET2
£450K02/231.59 miCopland, Woodland Road, Lyminge, Folkestone, Kent CT18 8ET2
£262.5K10/241.6 miRowan, Woodland Road, Folkestone CT18 8ET2
£315K09/211.7 mi3, Kimberley Terrace, Lyminge, Folkestone, Kent CT18 8JB2
£340K03/231.73 miMalvern, High Street, Lyminge, Folkestone, Kent CT18 8EN2
£268K02/231.77 mi15, The Sidings, Lyminge, Folkestone, Kent CT18 8HH2
£235K02/251.78 mi6, The Sidings, Folkestone CT18 8HH2
£320K05/231.85 mi14, Mayfield Road, Lyminge, Folkestone, Kent CT18 8HL2
£330K03/251.87 mi27, Greenbanks, Folkestone CT18 8HG2
£354K09/211.9 mi11, Greenbanks, Lyminge, Folkestone, Kent CT18 8HG2

Local Rents

21 rents from £620/mo to £2.9K/mo, average is £1.4K/mo.

Rent
Date
Distance
Address
Beds
 
£2,80012/241.18 miCanterbury Road, Ottinge, Canterbury, CT44
£1,37512/241.35 miLower Court Cottage, Shuttlesfield Lane, Ottinge, Canterbury, Kent, CT4 6XJ2
£1,90012/241.37 miElham, Nr Canterbury, Kent3
£95012/241.47 miThe Row, Elham, Canterbury, CT42
£77508/251.47 miElham, Nr Canterbury Kent1
£62008/251.47 miElham1
£1,54012/241.49 miFlint Cottage, Elham Park, Elham, Kent2
£1,50012/241.5 miHigh Street, Elham, Canterbury3
£1,39512/241.52 miHigh Street, Elham, Canterbury, Kent, CT43
£2,00005/251.61 miDuck Street, Elham, CANTERBURY4
£2,90004/241.74 miHigh Street, Lyminge, Folkestone, CT185
£72508/251.77 miThe Sidings, Lyminge, Folkestone, CT182
£2,00012/241.85 miBossingham Road, Stelling Minnis3
£1,90006/251.93 miRectory Lane, Lyminge, Folkestone, Kent, CT184
£2,30012/242 miFryarne Park Farm, Stelling Minnis5
£1,70012/242.09 miFernham, Stelling Minnis3
£1,30005/252.17 mi-2
£90008/252.33 miShaws Farm Cottage, Stowting Common, Ashford, Kent, TN251
£90008/252.36 mi-1
£1,20009/242.36 miTo Let - Elmsted, Ashford2
£1,35006/252.36 miSycamore Barn, Elmsted 3

Local Area Statistics

Population in ct4

16,587

Population in Canterbury

65,078

Town centre distance

9.33 miles away

Nearest school

1.40 miles away

Nearest train station

4.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-24%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £625,000

July 26, 2025

Listed for £650,000

July 5, 2024

Floor Plans

Description

  • FANTASTIC DEVELOPMENT OPPORTUNITY WITH LAND +
  • A two bedroom detached bungalow in an idyllic location +
  • Now in need of renovation or replaced subject to necessary planning permissions +
  • The property has gardens and grounds approximately 5 acres in total +
  • Driveway parking +
  • Large mature garden, fenced paddocks, five stables, field shelter, orchard including apples and fruit +
  • Council Tax - Band C +
  • Tenure - Freehold +

FANTASTIC DEVELOPMENT OPPORTUNITY WITH LAND! A two bedroom detached bungalow in an idyllic location and now in need of renovation or replaced subject to necessary planning permissions. After sixteen years of living in the beautiful setting the vendor is relocating. The property has gardens and grounds approximately 5 acres in total. Accommodation comprises: ground floor - entrance porch, bathroom/WC, kitchen, side lobby, bedroom one, bedroom two, sitting room. First floor - Landing and large loft room. Outside - Garage, large mature garden, fenced paddocks, separate field access located to the far end of the land, five stables, double field shelter, workshop, orchard including apples. Driveway parking. EPC RATING = E

Agent Details

Laing Bennett Estate & Letting Agents, Lyminge, Folkestone

01303 761733

Next Steps?

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