2 Bed Flat, Single Let, Canterbury, CT1 3BS, £190,000

Birch Road, Homersham, Canterbury, Kent, CT1 3BS - 3 views - 7 months ago

Sold STC

Leasehold

BTL

ROI: 4%

~70 m²

+6 photos

ValuationUndervalued

Sold Prices	£135K - £320K
Sold Prices/m²	£2.1K/m² - £5.2K/m²

Square Metres	~70 m²
Price/m²	£2.7K/m²
Value Estimate	£227,040£227,040
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£6,900£6,900
Total Cash In	£54,400£54,400

Cash Out
Rent Range	£992 - £2,275£992 - £2,275
Rent Estimate	£996
Running Costs/mo	£813£813
Cashflow/mo	£183£183
Cashflow/yr	£2,197£2,197
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

34 sold prices from £135K to £320K, average is £225K. £2.1K/m² to £5.2K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£260K	01/23	0.06 mi	16, Homersham, Canterbury, Kent CT1 3RG	£3,714	70	2	Flat
£215.1K	06/21	0.07 mi	16, Scott Avenue, Canterbury, Kent CT1 3RN	£3,526	61	2	Flat
£210K	09/21	0.11 mi	7, Homersham, Canterbury, Kent CT1 3RL	£3,211	65	2	Flat
£176.8K	01/21	0.12 mi	23, Homersham, Canterbury, Kent CT1 3RL	£2,898	61	2	Flat
£190K	06/21	0.12 mi	29a, Homersham, Canterbury, Kent CT1 3RL	£3,276	58	2	Flat
£210K	05/23	0.13 mi	12, Sullivan Close, Canterbury, Kent CT1 3TF	-	-	2	Flat
£135K	05/21	0.52 mi	Flat 1, Cherry Court, Cockering Road, Canterbury, Kent CT1 3UX	-	-	2	Flat
£140K	12/21	0.58 mi	85, George Roche Road, Canterbury, Kent CT1 3FF	£2,692	52	2	Flat
£190K	06/21	0.59 mi	54, St Andrews Close, Canterbury, Kent CT1 2RT	-	-	2	Flat
£217.5K	11/20	0.59 mi	62, St Andrews Close, Canterbury, Kent CT1 2RT	£3,063	71	2	Flat
£220K	04/21	0.59 mi	49, St Andrews Close, Canterbury, Kent CT1 2RT	-	-	2	Flat
£230K	01/23	0.59 mi	47, St Andrews Close, Canterbury, Kent CT1 2RT	£2,911	79	2	Flat
£235K	01/23	0.61 mi	65, Bingley Court, Canterbury, Kent CT1 2SW	£3,176	74	2	Flat
£220K	05/21	0.63 mi	78, Bingley Court, Canterbury, Kent CT1 2SW	£2,750	80	2	Flat
£230K	05/21	0.63 mi	66, Bingley Court, Canterbury, Kent CT1 2SW	£3,770	61	2	Flat
£230K	03/21	0.63 mi	70, Bingley Court, Canterbury, Kent CT1 2SW	£3,710	62	2	Flat
£230K	07/23	0.63 mi	73, Bingley Court, Canterbury, Kent CT1 2SW	£2,556	90	2	Flat
£235K	10/22	0.7 mi	22, Castle Row, Canterbury, Kent CT1 2QY	£5,226	45	2	Flat
£310K	12/21	0.73 mi	44, The Rope Walk, Canterbury, Kent CT1 2FY	£2,067	150	2	Flat
£229.9K	11/21	0.73 mi	14, The Rope Walk, Canterbury, Kent CT1 2FY	£3,431	67	2	Flat
£280K	06/21	0.79 mi	6, Holman Mews, Canterbury, Kent CT1 3JE	-	-	2	Flat
£225K	02/21	0.8 mi	52, Raymond Avenue, Canterbury, Kent CT1 3JZ	£3,509	64	2	Flat
£225K	02/21	0.8 mi	52, Raymond Avenue, Canterbury, Kent CT1 3JZ	£3,509	64	2	Flat
£225K	09/21	0.8 mi	16, Raymond Avenue, Canterbury, Kent CT1 3JZ	£3,309	68	2	Flat
£168K	03/21	0.8 mi	18, City View, Harbledown, Canterbury, Kent CT2 8PT	£2,667	63	2	Flat
£186K	07/21	0.82 mi	35, Raymond Avenue, Canterbury, Kent CT1 3JY	-	-	2	Flat
£230K	06/21	0.83 mi	17, Old Watling Street, Canterbury, Kent CT1 2DX	£3,175	72	2	Flat
£320K	09/21	0.83 mi	60, Old Watling Street, Canterbury, Kent CT1 2DX	£4,000	80	2	Flat
£295K	12/20	0.83 mi	62, Old Watling Street, Canterbury, Kent CT1 2DX	£3,598	82	2	Flat
£255K	04/23	0.83 mi	48, Old Watling Street, Canterbury, Kent CT1 2DX	£3,072	83	2	Flat
£215K	11/20	0.84 mi	15, Old Watling Street, Canterbury, Kent CT1 2DX	£3,209	67	2	Flat
£290K	08/23	0.86 mi	Flat 16, Stour Court, Stour Street, Canterbury, Kent CT1 2PG	-	-	2	Flat
£208K	02/21	0.9 mi	Flat 8, Durovernum Court, Old Dover Road, Canterbury, Kent CT1 3DA	-	-	2	Flat
£205K	02/23	0.99 mi	35, Mill Lane, Harbledown, Canterbury, Kent CT2 8NE	£3,495	59	2	Flat

Local Rents

35 rents from £992/mo to £2.3K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	03/24	0.07 mi	Wincheap Barns , Canterbury	2	Flat
£1,250	12/24	0.07 mi	Wincheap Barns , Canterbury	2	Detached House
£1,200	03/24	0.09 mi	Scott Avenue, Canterbury, CT1	2	Flat
£1,100	03/24	0.11 mi	Homersham, Canterbury, CT1	2	Flat
£1,200	02/24	0.12 mi	-	2	Flat
£1,300	03/25	0.12 mi	-	2	Flat
£1,200	04/25	0.12 mi	-	2	Flat
£1,200	04/24	0.13 mi	Sullivan Close	2	Flat
£1,200	03/25	0.13 mi	-	2	Flat
£1,050	04/24	0.19 mi	Gilbert Way, Canterbury, Kent, CT1	2	Flat
£1,050	03/24	0.19 mi	Gilbert Way, Canterbury, Kent, CT1	2	Flat
£1,500	12/24	0.22 mi	-	2	Terraced House
£1,200	03/24	0.39 mi	Zealand Road, Canterbury	2	Terraced House
£1,100	04/24	0.39 mi	Martyrs Field Road, Canterbury	2	Flat
£1,100	05/24	0.39 mi	Martyrs Field Road, Canterbury	2	Flat
£1,250	05/24	0.39 mi	Thanington Road, Canterbury	2	Bungalow
£1,250	05/24	0.39 mi	Thanington Road, Canterbury	2	Bungalow
£1,100	03/24	0.54 mi	Victory Court, 7 Gordon Road, Canterbury, CT1	2	Flat
£1,350	01/25	0.55 mi	-	2	Terraced House
£1,150	03/24	0.56 mi	George Roche Road, Canterbury	2	Flat
£1,150	03/24	0.56 mi	Canterbury	2	Flat
£1,150	03/24	0.57 mi	George Roche Road, Canterbury	2	Flat
£1,100	03/24	0.57 mi	George Roche Road, Canterbury	2	Flat
£1,400	04/24	0.57 mi	George Roche Road	2	Flat
£1,062	05/24	0.58 mi	-	2	Flat
£1,400	03/24	0.59 mi	St Andrew's Close, Canterbury	2	Flat
£1,300	03/24	0.59 mi	Bingley Court, Canterbury	2	Flat
£1,200	03/24	0.59 mi	St Andrews Close, CANTERBURY	2	Flat
£1,325	04/24	0.59 mi	St. Andrews Close	2	Flat
£1,000	04/24	0.59 mi	St Andrews Close, Canterbury	2	Flat
£992	02/25	0.59 mi	-	2	Flat
£1,400	04/25	0.6 mi	-	2	Flat
£1,200	03/24	0.6 mi	141 Bingley Court, Canterbury, Kent, CT1 2SX	2	Flat
£2,275	04/25	0.61 mi	-	2	Flat
£1,150	03/24	0.62 mi	Pritchard Court, George Roche Road	2	Flat

Local Area Statistics

Population in ct1	29,68829,688
Population in Canterbury	65,07865,078
Town centre distance	1.58 miles away1.58 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.60 miles away0.60 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+56%+56%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+5%+5%

Property History

Listed for £190,000

September 23, 2024

Floor Plans

Description

GROUND FLOOR APARTMENT WITH OWN FRONT DOOR +
ALLOCATED PARKING AND VISITORS +
EN-SUITE TO MASTER AND FAMILY BATHROOM +
SUNNY LOUNGE/DINER +
SEPERATE KITCHEN +
TWO GOOD SIZED BEDROOMS +
POPULAR CANTERBURY LOCATION +

SSTC
This Two Bedroom Ground Floor Apartment with its own front door is part of a purpose built, low rise, modern building in the Homersham development in Canterbury. This property is in a quiet location with allocated parking and plenty of visitors parking too, the building is well maintained and the surroundings have plenty of trees and greenery. You can walk into Canterbury from here in around 20 minutes, the road is flat and there are pavements on both sides, there is also a parade of local shops and premises on the way down, there is a large supermarket and retail park within a short walk of the apartment. This property is well laid out for a couple or single person, it could also accommodate a small family, the lounge/diner is a spacious room with plenty of sunlight, there is dual aspect windows and a wood effect flooring. The kitchen is a seperate room, there is a range of white units, a fitted oven and hob with extractor, there is also plumbing for a dishwasher too, and plenty of storage. The bedrooms are both a good size and would fit a double bed, the master has an ensuite with a shower cubicle and fitted wardrobe. There is also a family three piece bathroom too. Viewing of this property is highly recommended.

Council Tax Band: C
Tenure: Leasehold (105 years)
Ground Rent: £200 per year
Service Charge: £1,949 per year

Agent Details

Oatley & O'Connor, Canterbury

01227 532508

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC